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The generation-skipping tax is designed to accomplish which of the following? prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that

The generation-skipping tax is designed to accomplish which of the following?

  1. prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that skip a generation of recipients.
  2. eliminate the possibility that the estate tax can be avoided by gifts in contemplation of death.
  3. generate additional revenues to supplement the estate tax.
  4. replace the gift tax on distributions from trusts.
  5. None of these.

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