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You cannot simply use the rates in the table shown in 2001(c) except for the year 2002. In years between 2003 and 2009 the maximum tax rate is lowered. For years 2007, 2008 and 2009 the maximum tax rate is 45%. Refer to paragraph (c)(2) in IRC Section 2001.
So you would not used the maximum tax rate of 50% as shown in that chart.
If the taxable estate after applying the allowed exemptions was $6,750,000, the estate tax due would be $2,918,300 for both years.
You would replace the last bracket in the chart as follows:
Over $1,500,000 $555,800, plus 45 percent of the excess of such amount over$1,500,000.
So $5,250,00 @ 45% is $2,362,500 plus $555,800 = $2,918,300
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