What is the inheritance tax in the United States?

Question 1: How is the inheritance tax levied in the United States? The threshold of inheritance tax in the United States is relatively high and fluctuates according to the price index. The threshold of 1999 is $650,000, and the tax rate is excessively progressive, with the highest tax rate reaching 55%. There is no such tax in China. 19 16 years, the United States began to formally levy the federal inheritance tax, and later levied the related gift tax and intergenerational inheritance transfer tax, and from 1977 onwards, the inheritance tax and gift tax used a unified tax rate. When an American citizen or permanent resident (commonly known as a green card holder) dies, his heirs (except his spouse) are obliged to declare the total amount of the estate and pay the inheritance tax, no matter where his estate is located on the earth. The inheritance of non-citizens or non-permanent residents in the United States is determined by whether the parties concerned have officially lived in the United States (where they are registered) and whether they must pay inheritance tax and gift tax in the United States after their death. The definition of official residence here is not the standard of whether the immigration bureau has the right of abode, nor is it different from the concept of residents in the income tax law. Residents in the income tax law take the residence time in the United States (more than 3 1 day) as the standard, which is straightforward. The official residence in the inheritance tax is actually vague. For example, a person who intends to live permanently in the United States and has no intention of returning to his original place of residence becomes a full resident. However, if their interpersonal relationship is still in their original place of residence, such people are not subject to the jurisdiction of the US federal government in terms of inheritance tax and gift tax. The definition of heritage includes movable and immovable property, tangible and intangible personal property. For example, money is a tangible asset, while property rights in company shares, bonds, insurance policies, pensions and intellectual property rights are intangible assets. The value of intangible assets is generally determined according to the fair market price at that time. For example, the value of real estate and stocks is determined according to the market price at that time. The federal inheritance tax adopts an excessive progressive system, and the tax rate is divided into 18 grades, ranging from 18% to 50%, which is directly related to the total value of the estate. The more inheritance, the higher the tax rate. However, not every penny of the whole estate is subject to inheritance tax. In other words, the net value of the estate is not equal to the taxable estate. Deducting debts, funeral expenses, the amount inherited by the spouse, the amount donated to charity and the amount after deducting exemption from the total value of the estate is a taxable estate. Federal law stipulates that a certain amount can be deducted from the net value of each inheritance or gift, which is called tax-free amount. If the amount of inheritance or gift is less than the exemption amount, there is no need to pay tax. The US Congress voted twice to abolish the inheritance tax, stipulating that the inheritance tax and its related gift tax and intergenerational inheritance tax should be gradually abolished within 10, and replaced by 20% capital gains tax, but both were rejected by then President Clinton. After President Bush took office, he announced a tax reduction plan of $10.6 trillion, including phasing out the estate tax by 20 10. Thanks to this scheme, in 2002, the exemption of inheritance tax was increased from 750,000 yuan to 6,543,800 yuan, and the highest tax rate was reduced from 55% to 50%. This year, the exemption amount is 6.5438+0.5 million yuan, and the highest tax rate is 48%. The tax rates of gift tax and inheritance tax are the same, but since 2002, the exemption amount is 6,543,800 yuan. On the issue of the ownership and distribution of the estate, the notarized will of the property owner is the only evidence. If the property owner dies without a will, all the assets under his name will be automatically transferred to his spouse without paying inheritance tax; If the deceased has no will or spouse, the inheritance will not be automatically inherited by the descendants or relatives of the deceased, but must be decided by the court. Usually, the court will allocate according to the blood relationship with the deceased, but all the expenses in this process (about 50,000-80,000 US dollars) will be paid by the heirs. Therefore, most Americans will make their own wills as soon as possible, clearly stipulating the way of inheritance distribution, such as how much to leave for their spouses or children and how much to donate to society. Distribution before taxation is the most striking feature of American inheritance tax system. According to the law, the estate administrator or executor must pay taxes in cash within 9 months after the death of the original property owner before distributing the estate. If you can't get the money temporarily, the time for applying for deferred payment shall not exceed 6 months. If someone left a taxable legacy of more than 2 million in 2000, according to the inheritance tax rate of 49% of the $2 million to $2.5 million at that time, his heirs had to pay nearly one million inheritance tax to get this property. The greater the total taxable estate, the higher the tax rate, and the more taxes the heirs need to pay first. There is a beautiful manor in Long Island, new york, which used to be the mansion of American President Heathford. The house is surrounded by mountains and seas, with flowers and trees.

Question 2: How much does the inheritance tax in the United States account for in the total tax revenue? The income from inheritance tax in developed countries only accounts for about 1% of their total tax revenue. 1992 British estate tax accounts for1.6% of national tax; 1995 American inheritance tax accounts for1%of federal tax; From 65438 to 0997, Japan's inheritance tax revenue accounted for 4. 1% of the national tax revenue.

Question 3: Which country has higher inheritance tax, China or the United States, which is 40% in the United States? China hasn't levied inheritance tax yet, and I believe there will be corresponding laws soon.

It is a good thing to levy inheritance tax. More than 100 countries in the world have inheritance tax, including all developed countries.

Rights cannot be inherited, and neither can wealth. All men are created equal. Only when young people compete fairly on the same starting line can this country have vitality and the nation have hope.

Question 4: In the United States, how much inheritance tax should be paid for 50 billion estates, and how to avoid tax? Question 4: How much tax should be levied on the 5 million inheritance? Answer: I can't pay taxes this year. After this year, 5 million is 55% of the fixed tax minus the corresponding tax allowance, which is about 50 ~ 1 10,000, depending on the lawyer. Question: So, did he donate all the money for a purpose? Follow-up: The purpose is to evade state taxes. Answer: As far as the purpose of Bill Gates is concerned, it should be noble, but it does not rule out that others have the motivation to avoid taxes through charity. Follow-up: Well, I still don't understand. Please give me a detailed list of figures. Thank you. If he donates 58 billion, how many billion will his descendants get? If he doesn't donate 58 billion yuan, he will pay taxes after he dies! How many billions can his descendants get? Answer: if you donate it, it won't be his, and future generations won't have a dime. If you pay taxes, the United States will resume the tax system of 200 1 from next year, and Bill Gates' tax will be levied according to the highest tax system. Even at 55%, he still has a maximum tax allowance of 3.5 million. He should pay 30.25 billion yuan, and he has the highest tax allowance of 3.5 million yuan. Then his descendants will get 24.7 billion yuan. China and China, for example, have no inheritance tax, and their donation confirmation is great. I'm not interested in his donation. I just think there are too many taxes in America. I would rather burn the money than pay taxes to the country by force. Answer: There is really no need to answer this question. People's ideological realm is different. Others really know how to use it from society. It's not that you and I don't have such a state, but that our country has such a state, that is, the brain has been kicked by a donkey.

Question 5: How to collect American inheritance tax varies from state to state.

Generally speaking, you have to pay all the expenses first.

Only when you know clearly can you have a chance and a legacy.

Question 6: The inheritance tax in the United States is 50%. Yes, the inheritance tax in the United States is progressive and the highest among all federal taxes in the United States. Among the taxable estates, the estate tax rate below $65,438+00,000 is as high as 65,438+08%, and the estate tax rate between $65,438+000,000 and $65,438+050,000 is 30%.

I hope my answer can be adopted by you, thank you!

Question 7: How is the foreign inheritance tax levied? More than 100 countries in the world have levied inheritance tax, but the specific implementation of inheritance tax system varies greatly among countries. Generally speaking, the inheritance tax system can be roughly divided into three types:

I. General inheritance tax system

The total inheritance tax is a comprehensive collection of the total amount of property left after the death of the property owner. There is a threshold for taxpayers to be executors of wills or administrators of estates. Generally, the excessive progressive tax rate is adopted, regardless of the personal relationship between the heir and the decedent and the personal situation of inheritance. In the form of expression, it is "tax after tax first". The United States, Britain, New Zealand, Singapore, Taiwan Province Province and other countries and regions have implemented this inheritance tax system, and Hong Kong has also adopted this tax system.

Second, the inheritance tax system.

Also known as the inheritance tax system, it is a tax system that taxes the share of inheritance inherited by each heir separately. Taxpayers are the heirs of the estate, in the form of "after-tax tax", and most of them adopt excessive progressive tax rates. Japan, France, Germany, South Korea, Poland and other countries implement the inheritance tax system.

Third, the total amount of inheritance tax.

Total inheritance tax, also known as mixed inheritance tax, is an inheritance tax system that combines the first two tax systems. That is, the total inheritance tax is levied on the decedent's estate first, and then the inheritance tax is levied on the heir's share. The form of expression is "divide the total tax first and then divide the tax by stages", and the two taxes are combined into one and complement each other.

It combines the advantages of total inheritance tax and sub-inheritance tax, and first taxes the total amount of inheritance, so that the national tax has a basic guarantee. Then according to different situations, the heirs are taxed differently, so that tax fairness can be implemented. However, the total inheritance tax also has shortcomings, and it is suspected of double taxation to levy taxes on the same estate twice, which complicates the inheritance tax system.

Question 8: American inheritance tax process. The heritage defined by the United States includes all the property owned by a person before his death, including movable and immovable property, tangible and intangible personal property. Such as money, real estate, stocks, company shares, bonds, insurance policies, pensions, and property rights in intellectual property rights.

American inheritance tax process:

According to the law, the estate administrator or executor must pay taxes in cash within 9 months after the death of the original property owner before distributing the estate. If it is not enough for a while, you can apply for extending the welfare payment, but the period should not exceed 6 months. Paying taxes first and then distributing property has become the biggest criticism of American inheritance tax, because this way will make the heirs fall into the dilemma of not paying taxes on time because of insufficient cash. Of course, the inheritance tax in the United States is not the whole inheritance obtained by the heirs. For a person's legacy, debts, funeral expenses and charitable donations can be deducted first, then personal exemption can be deducted, and the remaining legacy property can be taxed again.

Question 9: How can the United States avoid high inheritance tax? Before I die. Transfer all your assets to an offshore company. Then you are changing your nationality. Probably no problem.