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Unified transfer tax rate schedule and gift tax

What is the Unified Transfer Tax Rate Schedule and how does it compare/contrast to the estate tax rates and/or the gift tax rates?

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Unified transfer tax credit is used to offset estate taxes and gift taxes and for 2014, the applicable exclusion is $5,340,000 (Congressional Research Service, 2014, n.p.). On the other ...

Solution Summary

This solution provide a discussion regarding unified transfer tax rates, estate tax rates, and gift tax rates.

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