Why does the tax law set up a unified system

Assignment Help Accounting Basics
Reference no: EM13130951

Basically, the Estate tax and the Gift tax are a combined system, and are linked together. The question is why? Why does the tax law set up a "unified" system that combines gifts with the estate and has a combined tax that totals estate plus all lifetime taxable gifts?

Reference no: EM13130951

Questions Cloud

Positive intent and ability to hold the bonds : Lance Brothers Enterprises acquired $750,000 of 1% bonds, dated July 1, on July 1, 2011, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity.
What scheme does it seek to prevent : What is the "kiddie tax" all about? What is its purpose? What "scheme" does it seek to prevent? Do you think it is really necessary? If so, why do you think it cuts off at 14?
Determining the original fraction : In a certain fraction, the demoninator is 4 less than the numerator. If 2 is added to both the numerator and denominator, the resulting fraction is equal to 7/5. Find the original fraction
What is total amount of from agi deductions they are allowed : The Inouyes filed jointly in 2011. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. What is total amount of from AGI deductions they are allowed to claim on their 2011 tax return?
Why does the tax law set up a unified system : Basically, the Estate tax and the Gift tax are a combined system, and are linked together. The question is why? Why does the tax law set up a "unified" system that combines gifts with the estate and has a combined tax that totals estate plus all l..
Description of business math : You have been given information that if a student is a resident and they enroll for more than 12 hours, then their tuition will equal $120 plus $10 per hour for every hour greater than 12.
What hypochlorite oxidation of cyclohexanol to cyclohexanone : Hypochlorite Oxidation of Cyclohexanol to Cyclohexanone, Basically in this experiment, we took some cyclohexanol and reacted it with hypochlorite to form cycohexanone.
What is inintrinsic price per share : Dozier's weighted average cost of capital is WACC=13% Suppose Dozier has $10 million in marketable securities, $100 million in debt and 10millioin shares of stock. What is inintrinsic price per share?
Calculate the molarity of a kcl solution : calculate the molarity of a KCl solution made by disslving 52.5 g of KCl in 250 ml of water?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd