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The amount of each estate that is exempt from estate tax is scheduled to become $1 million in 2011 (down from $3.5 million in 2009, when the tax was last in effect).
The administration proposed making permanent this year's estate tax law, which exempts $3.5 million of each estate from tax.
Moreover, New Jersey exempts only $675,000 of each estate from its estate tax, the next to lowest exemption in the nation.
By contrast, for those dying in 2009, $3.5 million of each estate is exempt from federal tax and the top estate rate is 45%.
If Congress doesn't act, the current moribund estate tax will spring back to life on Jan . 1 with only $1 million of each estate exempt from tax and a top rate of 60%.
Come next year, the amount of each estate that is exempt from tax will be just $1 million, and the tax on the rest will be 55% 60%% in some cases).
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Spending an average of £1.4m on each estate will barely pay for the demolition costs.
The reds, which make up the bulk of production at each estate, are robust, with ample fruit and a dense tannic structure.
For example, three heirs who each inherited one third of the estate would each be responsible for one third of the debt.
They used each part of their estate.
Inheritance tax, levy on the property accruing to each beneficiary of the estate of a deceased person.
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