and don't need your money that you should gift 10,000 bucks a year (which
you can do tax free to the receiver) while still alive to avoid estate
taxes.
-d
----- Original Message -----
From: "Raymond Camden" <[EMAIL PROTECTED]>
To: "CF-Community" <[EMAIL PROTECTED]>
Sent: Tuesday, January 20, 2004 8:45 PM
Subject: dumb question about the estate tax
> Question - is the estate tax an extra tax or simply the same tax that you
> pay on earned income? In other words, if I give my friend a thousand
> dollars, I expect he will have to pay some of that as taxes at the end of
> the year. If I die and leave him money, is he paying the 'normal' earned
> income tax or an extra ammount because of estate taxes?
>
>
>
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