Question: Under the unified rate schedule for 2011, a. Lifetime taxable gifts are taxed on a noncumulative basis. b. Transfers at death are taxed on a

Under the unified rate schedule for 2011,

a. Lifetime taxable gifts are taxed on a noncumulative basis.

b. Transfers at death are taxed on a noncumulative basis.

c. Lifetime taxable gifts and transfers at death are taxed on a cumulative basis.

d. The gift tax rates are 5% higher than the estate tax rates.

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