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Is marcus able to save on the present for wife

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Marcus, a resident of Texas, has found the ideal gift for his wife in celebration of their upcoming wedding anniversary - a $22,000 diamond tennis bracelet. However, Marcus is appalled at the prospect of paying the state and local tax of $1,815 (combined rate of 8.25 percent). He, therefore, asks his aunt, a resident of Montana, to purchase the bracelet. The jewelry store lists the aunt as the buyer and ships the bracelet to her. Prior to the anniversary, Marcus receives the bracelet from his aunt.

Question : Is Marcus able to save $1,815 on the present for his wife? Regarding the given discussion, would you not participate in this idea if you were Marcus or his aunt? why or why not? is it unethical? even though if you were get away" with escaping the $1,815 tax?

Reference no: EM132463222

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