Propose ethical suggestions to reduce estate tax and gift taxes on property transfers.
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- Propose ethical suggestions to reduce estate tax and gift taxes on property transfers.
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- Discuss the ethical implications of the estate, inheritance, and gift taxes.Give an argument in favor of taxes on wealth like the estate tax. What potential problems would there be in trying to enforce a new wealth tax on living individuals?Why is the establishment of a credit shelter trust fund considered a good estate planning technique?
- Comment on the following items relative to tax planning strategies of a fiduciary entity. A. To reduce taxes for a typical family, should income be shifted to a trust or from a trust? Why? B. To reduce overall taxes, should a high-income, wealthy beneficiary be assigned to the first or second tier of trust distributions? Why?Comment on the following items relative to tax planning strategies of a fiduciary entity. To reduce taxes for a typical family, should income be shifted to a trust or from a trust? Why? To reduce overall taxes, should a high-income, wealthy beneficiary be assigned to the first or second tier of trust distributions? Why?If you will be a taxpayer, how do you want to pay your taxes? Focus on the administrative feasibility among the principles of sound tax system.
- Planning for estate taxes should address: a. Taking actions to benefit from a loss in property values. b. Making gifts during one’s lifetime. c. Utilization of charitable contributions. d. All of the above.Identify issues pertaining to any financial regulations that cause persons to loose their home?Explain Rehabilitation Investment Tax Credits?
