Harold and Maude are married and live in a common-law state. Neither have made any taxable gifts and Maude owns (holds title) all their property. She dies with a taxable estate of $15 million and leaves it all to Harold. He dies several years later, leaving the entire $15 million to their three children. Calculate how much estate tax would have been saved using the 2012 rate schedule and unified credit if Maude had used a bypass provision in her will to direct $9 million to her children and the remaining $6 million to Harold. Ignore the DSUEA and all credits in this problem except for the unified credit. (Enter your answers in dollars not in millions. Reference the tax rate schedule in Exhibit 25-1 and the Unified Credit schedule in Exhibit 25-5 to answer this problem. Omit the "$" sign in your response.) Exhibit 25-1: Tax Base equal Not over: Tentative tax: Plus: of amount over: to or over: $500,000 $155,800 35% $500,000 Exhibit 25-5: Period Recalculated Unified Credit 1985 $121,800 1986 $155,800 1987 through 1997 $190,800 1998 $199,500 1999 $208,300 2000 and 2001 $217,050 2002 through 2010 $330,800 2011 $1,730,800 2012 $1,772,800 Year of Death: File return if estate's value is more than: 2002 and 2003 1,000,000 2004 and 2005 1,500,000 2006, 2007, and 2008 2,000,000 2009 3,500,000 2010 and 2011 5,000,000 2012 5,120,000 Gift Tax Annual Exclusion Year(s) Annual Exclusion 1998 2001 $10,000 2002 2005 $11,000 2006 2008 $12,000 2009 2012 $13,000