Comparable Rates of Death
Taxes |
| |
|
|
|
|
| Country |
Type of
tax |
Top
rate |
|
|
|
|
| Australia |
None |
NA |
|
|
|
|
| Austria |
Inheritance |
15% |
|
|
|
|
| Belgium |
Inheritance |
30% |
|
|
|
|
| Canada |
None |
NA |
|
|
|
|
| Germany |
Inheritance |
35% |
|
|
|
|
| Greece |
Inheritance |
25% |
|
|
|
|
| Italy |
Estate |
27% |
|
|
|
|
| Japan |
Inheritance |
70% |
| |
|
|
| Mexico |
None |
NA |
|
|
|
|
| Sweden |
Inheritance |
30% |
|
|
|
|
| Switzerland |
Estate |
6% |
|
|
|
|
| Turkey |
Inheritance |
20% |
|
|
|
|
| U.S. |
Estate |
55% | |
Comparison of Effective Estate Tax
Rates by Country
[$5,000,000 estate inherited to two children;
expressed
in Jan. 96 U.S. dollars] |
| |
|
|
|
|
|
| Country |
Germany |
Japan |
U.S. |
|
|
|
|
|
| Tax type |
Inheritance |
Inheritance |
Estate |
| |
|
|
|
| |
|
|
|
| Pre-tax estate |
5,000,000 |
5,000,000 |
5,000,000 |
| |
|
|
|
| Exemption |
120,862 |
653,900 |
---- |
| |
|
|
|
| Taxable estate |
4,879,138 |
4,346,100 |
5,000,000 |
| |
|
|
|
| Credit |
---- |
---- |
192,800 |
| |
|
|
|
| Estate tax paid |
519,133 |
1,515,413 |
2,198,000 |
| |
|
|
|
| Post-tax estate |
4,480,867 |
3,484,587 |
2,802,000 |
| |
|
|
|
| Effective tax
rate |
10.4% |
30.3% |
44.0% | |
|
