Estate tax in the United States exemption level with a 2001 top rate. That is, had no further legislation been passed, the estate of a person who died in the year 2010 would have been entirely exempt from tax while that of a person who died in the year 2011 or later would have been taxed as heavily as in 2001. However, on December 17, 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Section 301 of the 2010 Act reinstated the federal estate tax. The new law set the exemption for U.S. citizens and residents at $5 million per
Solidarity tax on wealth Solidarity tax on wealth The solidarity tax on wealth ( or ISF) was an annual direct wealth tax on those in France having assets in excess of €1,300,000 (since 2011). It was one of the Socialist Party's 1981 electoral program's measures, 110 Propositions for France. First named IGF ("Impôt sur les Grandes Fortunes"), it was abolished in 1986 by Jacques Chirac's right-wing government, but re-established in 1988 as ISF in slightly different terms after François Mitterrand's re-election. In September 2017, the French government decided to abolish ISF and replace it with the tax on real estate (IFI), exonerating all financial