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Money Management, Financial Planning, Saving And Investment Tips

What does it mean that the gift tax is tax exclusive and the estate tax is tax inclusive?

I’m studying my notecards about the taxes and I have that written down. Its next to impossible for me to try and find the sentence on that subject in my book as there are a lot of pages on these 2 taxes.

What does it mean that the gift tax is tax excluve, while the estate tax is tax inclusive? Please be specific so I’ll understand.

February 2, 2010   1 Comment