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> Tax Glossary
Gift Tax
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Gross Rents
Group Term Life Insurance
Government Bonds Issued at a Discount
Gift Tax
GDP
Gift
Goodwill
Gain
General Rule
General Straight-Line Depreciation System
Golden Parachute
Gross Income
General Depreciation System
Definition of Gift Tax:
People who give
gifts
that are valued over a certain amount ($13,000 for 2009) are subject to a federal gift tax, which is calculated using
Form 709
.