Steve Finn
Guest
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 Posted:
Mon Oct 31, 2005 4:30 pm Post subject:
Re: Estate Tax versus Gift Tax |
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Larry" <Larry@larry.com> wrote:
| Quote: | Consider stock with a $10M market value and a $1M basis. I
understand how it would be treated in an estate. Would a
gift be the same or are the tax rates or rules different for
gifts?
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Gift and estate taxes are both computed using the same tax
table. However since the exemption is higher on the estate
tax side, you're paying that tax on a smaller amount.
Lots of other factors, including the basis issue, will
impact which ends up a "better deal" in the end, but that's
a short simple answer to your short simple fact patter.
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