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The generation-skipping transfer tax, as passed by the Tax Reform Act of 1986, has all the following EXCEPT A. it follows some of the gift
The generation-skipping transfer tax, as passed by the Tax Reform Act of 1986, has all the following EXCEPT
A. it follows some of the gift tax exemptions
B. it has identical exemptions to the estate tax
C. it has produced its own new terminology
D. it is much younger than the gift tax
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