10-31-2005, 09:30 AM
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 Re: Estate Tax versus Gift Tax Larry" <Larry[at]larry.com> wrote: - quote - > Consider stock with a $10M market value and a $1M basis. I
Gift and estate taxes are both computed using the same tax> understand how it would be treated in an estate. Would a > gift be the same or are the tax rates or rules different for > gifts? table. However since the exemption is higher on the estate tax side, you're paying that tax on a smaller amount. Lots of other factors, including the basis issue, will impact which ends up a "better deal" in the end, but that's a short simple answer to your short simple fact patter. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
10-27-2005, 06:44 AM
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| Estate Tax versus Gift Tax Consider stock with a $10M market value and a $1M basis. I understand how it would be treated in an estate. Would a gift be the same or are the tax rates or rules different for gifts? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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| estate, gift, tax, versus |
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