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In 2011, the tax rates and exemption amounts will revert back to the rules in place before the 2001 tax act.
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If Congress doesn't act before then, not only will portability lapse, but the exemption amount will revert to $1 million and the tax rate will increase to 55%.
If Congress doesn't act before then, not only will portability lapse but the exemption amount will revert to $1 million and the estate tax rate will increase to 55% from the current 35%.
If Congress doesn't act before then, not only could we lose portability, but the exemption amount will revert to $1 million and the rate will increase to 55% from the current 35%.
While those who sought abolition of the estate tax say it is unlikely that its repeal will be permanent, supporters of the tax don't imagine that the exemption amount and rate will revert to the levels of 2001 — $1 million and 55 percent — when a convoluted phase-out was enacted.
This will increase to a 25% share until the renovation finishes in 2027, after which it will revert to the lower amount.
It will revert to 57 percent next month.
The universe will revert to nothingness.
Hong Kong will revert to China on July 1 , 1997
The state will revert to its pre-2008 competiniveness in 2012.
Now, the purse will revert back to $500,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com