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