| 11. | Non-resident alien donors are subject to the same rate schedule for gift taxes.
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| 12. | There were certain exemptions that were allowed under the Gift Tax.
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| 13. | Gift taxes seemed to dictate that the ball must be sold.
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| 14. | He authored legislation to eliminate the gift tax and repeal the inheritance tax.
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| 15. | There are two levels of exemption from the gift tax.
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| 16. | Gifts do not affect your income tax liability; they affect your gift tax liability.
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| 17. | Here again, you would be exempt from the gift tax.
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| 18. | By living in Nevada, retirees avoid state income taxes, inheritance taxes and gift taxes.
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| 19. | Any person can give someone $ 10, 000 a year without incurring gift taxes.
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| 20. | Thus the transferable options are an attractive way to reduce or avoid gift taxes.
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