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Author: edcosoft Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: GST Tax Example Date: 7/28/2000 12:52 PM
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I ran the taxes for a $10 million estate all subjected to the GST. Date of death in 1998

Total tax $5,140,800
Unified Credit $ (211,300)
GST $1,440,822
Total Tax $6,370,322
(Including State credit)

Net to Skip beneficiaries $3,629,678

EG

PS: Try going to a professional education seminar for CPA and Attorneys in your area. U will
learn alot and may get a good referal.


I don't have a calculator but I would think passing a net of almost $5mil (after FET) to skip persons would result in 55% of about $4mil or $2.2mil GST, not $1.44mil as you show. Did I miss something. I'm willing to learn. Ed
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