Archive for February, 2008

estate tax
Tommy asked:


I’m studying my notecards about the taxes and I have that written down. Its next to impossible for me to try and find the sentence on that subject in my book as there are a lot of pages on these 2 taxes.

What does it mean that the gift tax is tax excluve, while the estate tax is tax inclusive? Please be specific so I’ll understand.

Mike Passarella

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February 2008
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