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When Yogi died in March 2013, his gross estate was valued at $9.5 million. The marginal estate tax rate exceeded his estate's marginal income tax
When Yogi died in March 2013, his gross estate was valued at $9.5 million. The marginal estate tax rate exceeded his estate's marginal income tax rate because the estate collected only about $5,000 of income. Yogi willed his spouse $2.5 million. His taxable estate (before marital deduction) was comprised of the following:
Gross estate $9,500,000
Debts (550,000)
Administrative expenses (80,000)
Funeral expenses (13,000)
Charitable contribs. to church (500,000)
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