In general, the tentative federal gift or estate tax is calculated by referencing the taxable gift or estate to the following table. The net gift or estate...
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www.pgdc.com/pgdc/resources/tables/federal-gift-and-est...
www.pgdc.com/pgdc/resources/tables/federal-gift-and-estate-tax-rates
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Gift tax laws are generally designed to prevent complete tax avoidance by this route. The Federal Estate Tax is integrated with the Federal Gift tax so that large estates cannot be shielded from taxation by lifetime giving.
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www.law.cornell.edu/topics/estate_gift_tax.html
www.law.cornell.edu/topics/estate_gift_tax.html
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Gift Tax; If you give someone money or property during your life, you may be subject to federal gift tax. Filing Estate and Gift Tax Returns; Learn when to file estate and gift taxes, where to send your returns, and get contact information if you need help.
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www.irs.gov/businesses/small/article/0,,id=98968,00.htm...
www.irs.gov/businesses/small/article/0,,id=98968,00.html
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Congress did NOT repeal the federal gift tax, although it raised the lifetime Beginning in 2010, the gift tax rate will equal the highest individual...
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www.statefarm.com/insurance/life_annuity/estate_plan/ta...
www.statefarm.com/insurance/life_annuity/estate_plan/taxgone.asp
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These rates are used for a number of different purposes under the Internal Revenue Code, including the determinations of original issue discount and unstated interest and the gift tax and income tax consequences of below-market loans under section 7872. (However, interest on demand loans with a fixed principal...
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evans-legal.com/dan/afr.html
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The Economic Growth and Tax Relief Reconciliation Act of 2001 completely phases out the federal estate and gift tax by 2010. The tax rates are lowered and the exemption is raised between 2002 and 2009, 1. The estate and gift tax rates are combined in the single rate schedule effective for the estates of decedents dying,
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www.infoplease.com/ipa/A0005949.html
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Under recent tax law, the federal gift tax has not been repealed, but it has been modified to prevent people from using gifts to transfer assets from higher tax bracket owners to lower bracket owners. The new law creates a $1 million lifetime gift tax exclusion beginning in 2002. The gift tax rate will gradually decline.
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www.monroebank.com/wealthmgt/fed_gifttaxes.html
www.monroebank.com/wealthmgt/fed_gifttaxes.html
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Although there's no income tax on gifts, there is such a thing as a gift tax. The gift tax is imposed on the donor. If you're married, your spouse can also make the gifts described in the example. You and your spouse each have your own annual exclusion amount, even if you file joint federal income tax returns.
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www.fairmark.com/begin/gifts.htm
www.fairmark.com/begin/gifts.htm
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The GST tax may apply to gifts or direct skips occurring at your death to skip persons. The GST tax is calculated on the value of the gift or bequest, after subtraction of any allocated GST exemption, at the maximum estate tax rate for the year involved.
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www.irs.gov/publications/p950/ar02.html
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