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The Vermont Estate Tax System. Vermont recently enacted new legislation that imposes a state estate tax regardless of whether there is a federal estate tax imposed. Under this new system, estates in excess of $2.75 million dollars are subject to tax (it is unclear whether lifetime gifts are included in this threshold).
You can learn more about how the Vermont income tax compares to other states' income taxes by visiting our map of income taxes by state. Personal income tax in Tennessee applies only to interest and dividend income. There are -129 days left until Tax Day, on April 15th 2015.