Jasmine is single and in the 35% marginal tax bracket. She gifts stock to her father with

Question:

Jasmine is single and in the 35% marginal tax bracket.

She gifts stock to her father with a fair market value of $$50,000$ that earns non-qualified dividend income of $$4,300$ in 2023 (meaning that the dividend income is taxed at ordinary income rates). Her dad is in the 12% marginal tax bracket. What is the overall tax saving for the family in this scenario?

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