skip to Main Content

Tax Rates 2012

The 2012 tax rates.

Estate Tax: Top rate 35%. Exclusion amount (amount you can die with before tax) $5,000,000.

Gift Tax: Top rate 35%. Lifetime gift exclusion (amount you can gift during lifetime) $5,120,000. Annual gift exclusion $13,000.

Income Tax Brackets: 10%, 15%, 25%, 28%, 33% and 34%. Married couples filing jointly reach 25% bracket at $70,700. Top rate of 35% applies at $388,350.

Trust Income Tax: For estates and trusts, income tax ranges from 15% for amounts less than $2,400 and 35% for amounts greater than $11,650.

Back To Top