George creates a trust, which pays all income to his brother, Bob, for 50 years. At that point, the trust terminates and the trust property is distributed to George. The Sec. 7520 rate at the time George creates the trust is 1.2%. a. Is George subject to tax on the dividends and capital gain earned by the trust in year 1? b. Assume the Section 7520 rate is 7.2% at the time George creates the trust. Is George subject to tax on the dividends and capital gain earned by the trust in year 1