Estate Tax History
The estate tax at a glance:
— The modern estate tax was enacted in 1916, imposing a 10 percent tax on the portion of estates above $50,000.
— The rate peaked at 77 percent from 1941 to 1976. From 1942 to 1976 it was imposed on estates larger than $60,000....
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— The modern estate tax was enacted in 1916, imposing a 10 percent tax on the portion of estates above $50,000.
— The rate peaked at 77 percent from 1941 to 1976. From 1942 to 1976 it was imposed on estates larger than $60,000....