Tuesday, June 16, 2009

The State of the Estate Tax in Vermont

State of vermont is getting $13 million in estate taxes from the estimated $80 to $100 million dollar estate of a resident who died last year.

In a report on the Vermont estate tax done in 2001 by the Vermont Joint Fiscal Office, in Fiscal year 2001, 221 estate tax returns were filed in Vermont. Roughtly half (108 returns) had no tax liability. Of the 87 returns with liability, five estates valued over $10 million paid 75% of total estate tax that was collected.

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