Estate tax in the United States maximum allowable credit is $2 million for that year, so the taxable value is therefore $1.5 million. Since it is 2006, the tax rate on that $1.5 million is 46%, so the total taxes paid would be $690,000. Each beneficiary will receive $1,000,000 of untaxed inheritance and $405,000 from the taxable portion of their inheritance for a total of $1,405,000. This means the estate would have paid a taxable rate of 19.7%. As shown, the 2001 tax act would have repealed the estate tax for one year (2010) and would then have readjusted it in 2011 to the year 2002
Tax protester history in the United States return including a false tax refund claim of over US$4 million for the year 1996 and a false amended return including a false tax refund claim of over US$7.3 million for the year 1997, using the "861 argument." The indictment said Snipes used accountants who already had a history of filing false returns to obtain refund payments for their clients. On April 24, 2008, Snipes was sentenced to three years in prison. He was released to home confinement on April 2, 2013. William J. Benson, the co-author of the book The Law that Never Was (in which Benson had argued