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- Title
INTEGRATION OF THE ESTATE AND GIFT TAXES.
- Authors
ALTMAN, GEORGE T.
- Abstract
The article analyzes the issues related to estate and gift taxes in the U.S. It is stated that, people try to balance the two desires of leaving as much property as possible to their children by avoiding as far as possible the death tax, and at the same time keep the property for their benefit or at least under their control. It is stated that, to balance the desire people go for testamentary substitutes, and to tackle this tactic of people, the U.S. Congress in the year 1916 enacted the first federal estate tax act which provided for the inclusion in the gross estate of transfers made in contemplation of death, and of transfers intended to take effect in possession or enjoyment at or after death.
- Subjects
UNITED States; INHERITANCE &; transfer tax; GIFT taxes; TAX evasion; TAXATION; GOVERNMENT revenue; INTERNAL revenue; PUBLIC finance; DEATH; BENEFICIARIES
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 2, p331
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189626