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There is much debate that property that is gifted or inherited should not be taxed....

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Accounting

There is much debate that property that is gifted or inherited should not be taxed. In your initial response answer the following two questions:

1 Why do you think gifts and inherited property are taxed?

2 What are the policy reasons that led to the gift and inheritance tax?

3 Do you agree that gifts and inherited property should be taxed?

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