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Identify the features common to the gift tax formula

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Reference no: EM13907625

Completely answer the following questions

1. Identify the features common to the gift tax formula and the estate tax formula.

2. Explain why Congress felt it necessary to enact a gift tax to complement the estate tax.

3. Describe the unified credit and the purpose it serves in the gift and estate tax.

Reference no: EM13907625

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