First, estate taxes are due only on the portion of an estate's value that exceeds the exemption level; at the 2015 exemption level of $5.43 million, a $6 million estate would owe estate taxes on $570,000 at most.. Today, 99.8 percent of estates owe no estate tax at all, according to the Joint Committee on Taxation. [3] Only the estates of the wealthiest 0.2 percent of Americans -- roughly 2 out of every 1,000 people who die -- owe any estate tax.
However, Studebaker's financial problems were worse than the Packard executives thought. The Packard marque was phased out, and the company returned to the Studebaker Corporation name in 1962. The South Bend plant ceased production on December 20, 1963, and the last Studebaker automobile rolled off the Hamilton, Ontario, Canada, assembly line on March 16, 1966.
American Automobile Manufacturers! Valliant - (see Plymouth) Valkyrie - Fiberfab Division of Velocidad Inc. Santa Clara, CA 1967 Van - Van Motor Car Co. Grand Haven, MI 1910-1911 Van Wagoner - (see Syracuse) Vaughan - (see Guy Vaughan Car Co. Kingston, NY 1910-1913) V. E. (V. E. C.) - Vehicle Equipment Co. Long Island City, NY 1903-1905 Veerac - Veerac Motor Co. Anoka, MN 1913 Velie - The Velie Motor Vehicle Co. Moline, IL 1909-1916 Velie - The Velie Motor Corp. Moline, IL 1916-1928 Vera - Vera Motor Car Co. Providence, RI 1912 Veracity - Smith Truss Company Topeka, Kansas 1903-1904 Vernon - Vernon Automobile Corp. Mount Vernon, NY 1915-1920 Vetta Ventura - (see Apollo) Victor - Victor Automobile Mfg. Co. St Louis, MO 1907-1911 Victor - Victor Motor Car Co. Philadelphia, PA 1913-1914 Victor - Richmond Cycle Car Mfg. Co. Richmond, VA 1914-1915 Victor Page - Victor W. Page Motors Corp. Farmingdale, NY 1921-1924 Viking - Viking Co. Boston, MA 1908 Viking - Olds Motor Works Lansing, MI 1929-1930 Viqueot - Viqueot Co. Long Island City, NY 1905