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#gift_tax_in_the_united_states

Gift tax in the United States

Tax imposed on the transfer of ownership of property during the giver's life

A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation is not received in return."

Wed 31st

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