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Mike has previously made $12 million of lifetime gifts. In the current year, he gifts $3 million to his spouse, $1 million to his son,
Mike has previously made $12 million of lifetime gifts. In the current year, he gifts $3 million to his spouse, $1 million to his son, and $500,000 to his church. How much gift tax must be paid on these gifts (assume the lifetime exclusion amount is $13,610,000). (Do not include a dollar sign, commas, or any other characters in your answer)
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