R. Michael Mullikin
About 20 states levy an estate or inheritance tax, so the wealthy in these states benefit by giving more gifts over having the property transferred by bequest. What is a Gift?Although the federal government taxes gifts, it doesn't define exactly what a gift is. However, the law has ...
WHAT'S WRONG WITH A FEDERAL INHERITANCE TAX? Real Property, Trust & Estate Law JournalGerzog, Wendy C.
Travel Safety & Security Update July 2005 They sent a second letter on March 3, again asking: "If an agency of the federal government discriminates against an individual based on his or her sexual orientation, does that violate the law and does that individual have any recourse through your ...
At the federal level, widows and widowers receive tax relief from estate and inheritance windfalls. Key Takeaways A widow(er)'s exemption is a tax statute that reduces the tax burden for a widow or widower andtheir dependentsafter a spouse passes away. ...
General services are taxed by the local governments, who are also entitled to tax ownership and sales of urban property and apply user charges. An inheritance property tax and a motor vehicle tax are also under the states' jurisdiction (Figs. 3 and 4). Despite of the constitutional ...
deductible for federal estate tax purpose. At the state level, these gifts are not subject to estate and inheritance taxes. Bequests to Curtis are charitable gifts deductible for federal estate tax purpose. At the state level, these gifts are not subject to estate and inheritance taxes.[...
In Germany, the Lower Court of D眉sseldorf has even refused to apply the EC Treaty to an inheritance tax case, as there was no cross-border economic activity. The ECJ has held this to be a condition for the application of the fundamental freedoms in the "Hans Werner v Finanzamt Achen ...
Synopsis: Scholars have proposed a federal inheritance tax as an alternative to the current federal transfer taxes, but that proposal is seriously flawed. In any inheritance tax model, scholars should expect to see significantly decreased compliance rates and increased administrative costs because, by ...
legislationScholars have proposed a federal inheritance tax as an alternative to the current federal transfer tax, but there are serious flaws with that idea. In existingdoi:10.2139/ssrn.2305696Gerzog, Wendy CSocial Science Electronic Publishing...