If there is a tax on wealth transfers, is it reasonable for taxing gifts lighter than...
If there is a tax on wealth transfers, is it reasonable for taxing gifts lighter than death transfers?
Homework Answers
Answer : in my opinion it is not reasonable to tax gift tax at lower amount than death transfer
Mostly death transfer are to inheritance, it is not intentional to transfer but it takes place due to circumstances
However in gift tax is intentional to benefit some other party hence in my opinion gift tax to be high
Thank you hope this helps you
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If there is a tax on wealth transfers, is it reasonable for
taxing gifts lighter than...
QUESTION 18 The inflation tax a transfers wealth from the government to households. b. is a...
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254. Rudolph dies in 2018, having made taxable gifts of $3 million during his lifetime and...
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Suppose the government is considering taxing cigarettes. Because it is often politically more popular to tax...
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QUESTION 18 The inflation tax a transfers wealth from the government to households. b. is a tax on everyone who holds money. c. is the increase in real income taxes due to lack of indexation in income tax rules. d. All of the above are correct.
Suppose the government is considering taxing cigarettes. Because it is often politically more popular to tax the producers of cigarettes than the consumers of cigałettes, the government first considers the impact on the market as a result of taxing the producers of cigarettes. a. Draw the after-tax supply curve if the government chooses to tax cigarette producers $2.50 per pack of cigarettes Instructions: Use the tool provided (S2) to plot the after-tax supply curve. Place your endpoints at Q-0 and...
The federal estate and gift tax O must be paid on even small gifts. O is paid on property left as an inheritance when the owner dies. O was originally created in 2011. O is paid on certain commodities, such as gasoline or tobacco. Estate and gift taxes as a percentage of GDP are less than 1%. between 2% and 3%. O about 20%. O 0%, since the tax was repealed.
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