| Gift Tax Not Repealed |
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| + | Gift tax
exemption increases to $1 million in 2002 but |
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| not higher |
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| + | Gift tax rates
are reduced along with estate tax rates |
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| through 2009 |
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| + | Beginning in
2010, gift tax rate equals highest |
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| income tax
rate of 35% |
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| + | Purpose is to
prevent income-shifting |
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| + | Also subject
to “sunset” in 2011 |
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