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Jameson won the lottery this year, which means that he will receive $400,000 per year for the next 30 years. The present value of Jameson's

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Jameson won the lottery this year, which means that he will receive $400,000 per year for the next 30 years. The present value of Jameson's prize is about $3.75 million. Conscious of the tax benefits of income shifting, Jameson irrevocably assigned one-fifth of every annuity payment to his daughter, Jennifer. What are the tax effects of these events on Jameson

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