The Gift Tax Essay -- Accounting

The Gift Tax   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  One of the taxes that we went over in class was gift taxes. This is a tax that is implied when property, personal items, or money with a value of over 10,000 dollars is given from one person to another. There are a few exceptions to this law such as giving to non-prophit organizations or the donation is going towards an education or tuition. I feel that this is a good tax to have because it will keep greedy people from transferring their money around to evade paying taxes on it.   Ã‚  Ã‚  Ã‚  Ã‚  Gift tax is will make sure that all citizens pay their fair amount of taxes which is decided by their income. This tax is collected and responsible to the donor. This person must file a gift - tax return with the Internal Revenue Service. There are little ways to ex...