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Tina has $100,000,000. She transfers $80,000,000 to a revocable trust. She manages to give the other $20,000,000 away as gifts before she dies. The federal
Tina has $100,000,000. She transfers $80,000,000 to a revocable trust. She manages to give the other $20,000,000 away as gifts before she dies. The federal gift tax exclusion amount is $12,000,000 and the estate tax rate is 40%.
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The amount of Tinas estate that will be subject to estate tax will be 80000000 the amoun...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
