The Gift Tax Essay -- Accounting

The Gift revenue enhancement One of the revenue enhancementes that we went over in class was open imposees. This is a tax that is implied whenproperty, personal items, or money with a value of over10,000 dollars is given over from one person to another. There are a few exceptions to this truth such as giving tonon-prophit organizations or the donation is goingtowards an education or tuition. I feel that this is agood tax to scram because it will keep greedy people fromtransferring their money around to cook paying taxes onit.Gift tax is will make reliable that all citizens paytheir fair amount of taxes which is decided by theirincome. This tax is collected and responsible to thedonor. This person must file a gift - tax return withthe Internal Revenue Service. There are shortsighted ways toex...