| 41. | If the property is not located in the U . S ., there is no gift tax.
|
| 42. | Taxpayers can give a gift of $ 10, 000 each year to anyone without incurring gift tax.
|
| 43. | Each person is allowed to give another person $ 10, 000 a year free of gift taxes.
|
| 44. | Couldn't the fan and the player make a deal to have the player pay the gift tax?
|
| 45. | Estate and gift taxes would be eliminated.
|
| 46. | Anyone can give $ 10, 000 to a person a year without worrying about the gift tax.
|
| 47. | The gift tax works this way.
|
| 48. | -- Lower estate and gift taxes.
|
| 49. | If the fan gives the ball to the player or the baseball team, the gift tax is triggered.
|
| 50. | But Isenberg set up trusts that allowed him to transfer more options while paying less in gift taxes.
|
