Understanding Federal Estate and Gift Taxes
https://www.cbo.gov/system/files/2021-06/57129-Estate-and-Gift-Tax.pdf
WEBIn 2021, estates face a 40 percent tax rate on their value above $11.7 million, although various deductions reduce the value subject to the tax. The same threshold and tax rate apply to gift taxes. In 2020, revenues from federal estate and gift taxes totaled $17.6 billion (equal to 0.1 percent of gross domestic product, or GDP).
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