What is this calculator?
Estimate tax above an exemption using a rate you enter.
What can you use it for?
Use this tool to compare a financial scenario using the assumptions you control. Estimate tax above an exemption using a rate you enter.
How to use it
- Enter taxable estate before exemption.
- Enter available exemption.
- Enter applicable flat rate (%).
- Select Calculate (or Generate for random tools).
- Read the answer and any additional results below the form. Check the units and the limits of the method.
Formula and method
The formula uses the units and definitions shown above. Each input is substituted before the arithmetic is evaluated; the calculated output is rounded for display.
Worked example
Taxable estate before exemption: 20000000, Available exemption: 15000000, Applicable flat rate (%): 40. The result is 2,000,000 (result).
Assumptions and limits
Simplified flat-rate estimate. Prior gifts, graduated tax bands, deductions and jurisdiction rules are excluded.
Frequently asked questions
What inputs does the Estate Tax Calculator need?
Use taxable estate before exemption, available exemption, applicable flat rate (%). Read the answer and any additional results below the form. Check the units and the limits of the method.
What assumptions apply to the Estate Tax Calculator?
Simplified flat-rate estimate. Prior gifts, graduated tax bands, deductions and jurisdiction rules are excluded.