Adjusted taxable gifts are added to the taxable estate to accomplish which of the following...
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Accounting
Adjusted taxable gifts are added to the taxable estate to accomplish which of the following objectives?
- Increase the marginal tax rate on previously taxed gifts.
- Remove intervivos transfers from cumulative taxable transfers.
- Prevent double taxation of previously taxed gifts.
- Increase the marginal tax rate on the taxable estate.
- None of these.
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