Basically, the Estate tax and the Gift tax are a combined system, and are linked...
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Basically, the Estate tax and the Gift tax are a combined system, and are linked together. The question is why? Why does the tax law set up a "unified" system that combines gifts with the estate and has a combined tax that totals estate plus all lifetime taxable gifts? Do you think this is an effective way to combat the concerns that the government had in enacting the gift tax as a part of the estate tax?
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