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 As shown, the 2001 tax act would have repealed the estate tax for one year (2010) and would then have readjusted it in 2011 to the year 2002
Poll tax (Great Britain) earlier policy of charging a higher poll tax. Council Tax strongly resembled the "rates" system the poll tax had replaced. The main differences were at the tax's inception: that properties were placed in bands, thereby capping the maximum amount, and it was levied on capital value, rather than the notional rental value of a property. Households with only one occupant were also entitled to a 25% discount. The only substantial change since the introduction of the Council Tax form of direct taxation is the gradual introduction of certain exemptions and discounts. Poll tax (Great Britain) The Community Charge, commonly known