The tax rate schedule on taxable transfers has a maximum tax rate of 40% for 2018.

Name: The tax rate schedule on taxable transfers has a maximum tax rate of 40% for 2018.
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According to the IRS, the maximum tax rate on taxable transfers, also known as estate tax, gift tax, or generation-skipping transfer tax, is indeed 40% for the year 2018. However, this rate may change in subsequent years based on new legislation or inflation adjustments.

The Tax Rate Schedule on Taxable Transfers Has a Maximum