| 31. | You won't have to pay a gift tax, and she won't have to pay income taxes.
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| 32. | And last year, estate and gift taxes accounted for only 1.2 percent of federal tax receipts.
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| 33. | The bill also would phase out gift taxes and the generation-skipping transfer tax over ten years.
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| 34. | In the United States, the term transfer tax also refers to Estate tax and Gift tax.
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| 35. | The new House bill would gradually cut estate and gift taxes and repeal them in 2011.
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| 36. | The best news of all : There are no gift taxes on contributions to qualified charities.
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| 37. | There's no IRS gift tax or reporting.
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| 38. | In 1996, 1, 816 gift tax returns with values of $ 1 million or more were filed.
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| 39. | Any rise in the property's value escapes the estate tax, and a separate gift tax is reduced.
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| 40. | Individuals can give up to $ 10, 000 a year to someone before gift taxes kick in.
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