Directions: Read the article carefully and answer the question thoroughly. 

 

A look at donor and estate taxes

 

SIR Benjamin Franklin wrote: "... but in this world, nothing can be said to be certain, except death and taxes." From taxes withheld in paychecks to value-added taxes on department store purchases, we keep encountering them. Nevertheless, some of us probably haven't crossed paths with certain types like donor and estate taxes.

While the Covid-19 pandemic may be nearing its end, the coast isn't clear yet. This made me realize that natural phenomena or even artificial catastrophes threaten a considerable portion of society. Being well-informed on donor and estate taxation can thus provide an advantage, especially when it comes to the latter since there is a lot to consider.

 

By Marian Joyce Delatina

June 29, 2022

 

Source: https://www.manilatimes.net/2022/06/29/business/top-business/a-look-at-donor-and-estate-taxes/1849052 

Question: Being well-informed on donor and estate taxation can provide an advantage. Render an opinion on this and answer thoroughly.