Gift taxation in the United States

by C. Lowell Harriss

Publisher: American Council on Public Affairs in Washington, D.C

Written in English
Published: Pages: 175 Downloads: 924
Share This


  • United States.
  • Subjects:

    • Inheritance and transfer tax -- United States.,
    • Taxation -- Law and legislation -- United States.,
    • Gifts -- Taxation -- United States.
    • Edition Notes

      Statementby C. Lowell Harriss; introduction by Prof. Robert M. Haig.
      ContributionsAmerican Council on Public Affairs.
      LC ClassificationsHJ5805 .H34
      The Physical Object
      Paginationvi p., 1 l., 175 p.
      Number of Pages175
      ID Numbers
      Open LibraryOL6413360M
      LC Control Number41001191

Gift taxation in the United States by C. Lowell Harriss Download PDF EPUB FB2

Gifts above that amount can trigger the need to file a gift tax return and use lifetime exemption in the same way that gifts to non-spouses that are above the respective annual exclusion amounts do.

Gifts to the donor’s spouse are excluded if the spouse is a U.S. of noncitizen spouses cannot receive more than $, without being subject to the gift tax Author: Julia Kagan. The bad news is that you’ll need to file a gift tax return, but the good news is that you probably won’t pay a gift tax.

Why. Because the extra $35, ($50, – $15,) simply counts. The s and '30s saw the creation of multiple taxes. Sales taxes were enacted first in West Virginia inthen in 11 more states in and 18 more states by As ofAlaska.

Wealth tax is a tax based on the market value of owned assets. Although many developed countries choose to tax wealth, the United States has historically favored taxing : Julia Kagan.