Posted 1/26/2026 08:37 (#11526478 - in reply to #11525155) Subject: RE: The Whoa is me is getting a little old
Southwest Illinois
coup - 1/25/2026 12:28
BFarm - 1/25/2026 11:56
I found this link below, if you scroll down a little there is a table. I wasn't sure what the rates were myself until I looked the table over. Graduates from .8% to 16%.
According to that looks like once a person is over $4 million , you lose the $4 million tax free exemption and have to pay estate taxes of $238,800 up to $4.04 million.
That is 100% accurate. There is no state estate tax until you hit $4,000,000, then the exemption is lost and the entire amount is taxed.
The Whoa is me is getting a little old
