In 2016, Joshua gave $13,300 worth of Microsoft stock to his son. In 2017, the Microsoft shares were worth $26,500. What was the gift tax in 2016? The gift tax exemption in 2016 was the same as in 2017. Gift tax In 2016, Joshua gave $12,700 worth of Microsoft stock to his son. In 2017, the Microsoft shares are worth $19,000. What is the total amount removed from Joshua's estate in 2017? Total amount removed