gift tax
a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.
Words Nearby gift tax
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use gift tax in a sentence
Over Mellon’s objections, Congress had passed a gift tax and the so-called publicity amendment, which authorized the release of the names of taxpayers and the amount of income tax they paid.
The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes for Generations | by Patricia Callahan, James Bandler, Justin Elliott, Doris Burke and Jeff Ernsthausen | December 15, 2021 | ProPublicaLawmakers later added a gift tax as a means of stopping wealthy people from passing their fortunes on to their children and grandchildren before death.
More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes | by Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan | September 28, 2021 | ProPublicaThere are important and time sensitive issues which could substantially impact the amount of wealth you are able to transfer free of estate and gift tax to future generations.
More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes | by Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan | September 28, 2021 | ProPublicaThe GRAT is “the perfect loophole to avoid estate and gift tax in this situation,” said Lord, who is also tax counsel for Americans for Tax Fairness and an advocate for estate tax reform.
More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes | by Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan | September 28, 2021 | ProPublicaAnother proposal—pushed by Senator Maria Cantwell (D-WA)—would apply a gift tax to contributions to 501(c)(4)s.
Our Toothless Campaign Finance Watchdogs | John Avlon, Michael Keller, Daniel Stone | September 20, 2012 | THE DAILY BEAST
British Dictionary definitions for gift tax
another name for (the former) capital transfer tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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