Under the 2001 Tax Act, a number of provisions, including repeal of the estate tax and GST tax, take effect January 1, 2010. Under the sunset provision of the 2001 Tax Act, however, all provisions of the Act are repealed as of January 1, 2011. In theory, on January 1, 2011, the estate, gift and GST tax provisions will revert to those now in effect (including a maximum marginal Federal tax rate of 55% and lower Applicable Exclusion Amount, Lifetime Gift Exemption and GST exemption).
http://www.ffhsj.com/cmemos/313943_lesk_berger.htm
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55%!
Highway robbery.