Sentences with phrase «same estate tax rate»

For married couples with combined estates, the exemption amount is doubled to $ 10.98 million, with the same estate tax rate of 40 %.

Not exact matches

At the same time, the tax on estates will return to 55 percent of the amount subject to the tax, the same rate as 2001, after falling to 35 percent in 2011 and 2012.

Article IV of chapter 1 of Part the Second of the Constitution is hereby amended by inserting after the words «and to impose and levy proportional and reasonable assessments, rates and taxes, upon all the inhabitants of, and persons resident, and estates lying, within said Commonwealth» the words: -, except that, in addition to the powers conferred under Articles XLI and XCIX of the Amendments, the general court may classify real property according to its use in no more than four classes and to assess, rate and tax such property differently in the classes so established, but proportionately in the same class, and except that reasonable exemptions may be granted.