Reiner, Reiner & Reiner,
LLP
Attorneys at Law
19 Rector Street - Suite 1801
New York, NY 10006-2302
(212) 269-2466
(212) 269-2467 FAX
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[Please note that we intend the following material only to inform you of our methods. Some of the material is not in layperson terms. We do not offer the following as legal advice. To protect your interests, you should obtain legal counsel to interpret or apply any law or legal procedure.]
Estimated Impact of
Federal and NY State Estate and Gift Taxes
on Transfers to the Next Generation
(assuming no deduction for a principal residence)
(please note that these taxes are declining over the next decade under new 1997 law)
| Taxable Assets | Federal and NY State Estate Taxes |
| 200,000 | 5,500 |
| 300,000 | 9,500 |
| 400,000 | 14,500 |
| 500,000 | 19,500 |
| 600,000 | 25,500 |
| 700,000 | 50,500 |
| 800,000 | 90,700 |
| 900,000 | 131,900 |
| 1,000,000 | 173,300 |
| 1,100,000 | 216,700 |
| 1,200,000 | 260,300 |
| 1,300,000 | 304,900 |
| 1,400,000 | 350,500 |
| 1,500,000 | 396,100 |
| 1,600,000 | 443,700 |
| 1,700,000 | 491,500 |
| 1,800,000 | 539,300 |
| 1,900,000 | 587,100 |
| 2,000,000 | 634,900 |
| 2,250,000 | 764,700 |
| 2,500,000 | 894,700 |
| 2,750,000 | 1,035,000 |
| 3,000,000 | 1,175,500 |
| 3,250,000 | 1,321,300 |
| 3,500,000 | 1,467,300 |
| 3,750,000 | 1,613,600 |
| 4,000,000 | 1,760,100 |
| 4,250,000 | 1,906,900 |