Will, a bachelor, died in 2018. At that time, his sole asset was cash of $15 million.
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Will, a bachelor, died in 2018. At that time, his sole asset was cash of $15 million. Assume no debts or funeral and administration expenses and no charitable bequests. His gift history was as follows:
a. What was Will's estate tax base?
b. How would your answer to Part a change if Will made the first gift in 1974 (instead of 1997)?
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Related Book For
Global Taxation How Modern Taxes Conquered The World
ISBN: 9780192897572
1st Edition
Authors: Philipp Genschel, Laura Seelkopf
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