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Under the unified rate schedule, Explain Answer A.Lifetime taxable gifts are taxed on a non-cumulative basis. B.Transfers at death are taxed on a non-cumulative basis.
Under the unified rate schedule, Explain Answer
A.Lifetime taxable gifts are taxed on a non-cumulative basis.
B.Transfers at death are taxed on a non-cumulative basis.
C.Lifetime taxable gifts and transfers at death are tmced on a cumulative basis.
D.The gift tax rates are higher than the estate tax rates.
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