Author: United StatesPublisher:
ISBN:
Category : Gifts
Languages : en
Pages : 748
Book Description
Income, Estate and Gift Tax Provisions, Internal Revenue Code
Author: United StatesIncome, Estate and Gift Tax Provisions
Author: The Federal Gift Tax
Author: David JoulfaianPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The gift tax was first enacted in 1924, repealed in 1926, overhauled and reintroduced in 1932. At its peak in fiscal year 1999, it raised $4.6 billion in revenues, before the recent phased-in tax rate reductions ushered by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) took effect. It is noteworthy that the gift tax was first enacted as a protective measure to minimize estate and income tax avoidance, and not for its direct revenue yield. Similarly, EGTRRA, while phasing out the estate tax, retained the gift tax for the very same reasons. Unlike the estate tax which faces an uncertain future, the gift tax is little affected by recent legislative proposals and will remain part of the tax code for the foreseeable future. Nevertheless, the gift tax has been the subject of little scrutiny and studies of its economic implications are rare. This paper is an attempt to fill this void. It traces the evolution of the gift tax since its inception, and sketches out the structure of the tax and its complex interactions with the income and estate taxes. The paper also provides an overview of the direct fiscal contribution of the gift tax, and traces the number of taxpayers over time as well as their attributes. It concludes with a discussion of the behavioral effects of the gift tax and a review of the scant literature. These include empirical evidence on the choice between gifts and bequests, timing of gifts, and compliance among others.
Federal Income, Estate and Gift Tax Laws, Correlated
Author: United StatesPublisher:
ISBN:
Category : Income tax
Languages : en
Pages : 1126
Book Description
Tax Institute Bookshelf
Author: United States Code
Author: United StatesCode of Federal Regulations
Author: Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 704
Book Description
Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
Statistics of Income from Returns of Net Income
Author: United States. Internal Revenue ServicePublisher:
ISBN:
Category : Income
Languages : en
Pages : 2138
Book Description
Volumes for 1934-53 issued in 2 pts.: pt. 1. Individual income tax returns, estate tax returns, gift tax returns (varies); pt. 2. Corporation income tax returns and personal holding company returns. 1954- issued in 4 pts.: Corporation income tax returns; Estate tax returns; Fiduciary income tax returns; Individual income tax returns.
Congressional Record
Author: United States. CongressPublisher:
ISBN:
Category : Law
Languages : en
Pages : 1406
Book Description
Author: