gift tax
noun
a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use gift tax in a sentence
Another proposal—pushed by Senator Maria Cantwell (D-WA)—would apply a gift tax to contributions to 501(c)(4)s.
Our Toothless Campaign Finance Watchdogs | John Avlon, Michael Keller, Daniel Stone | September 20, 2012 | THE DAILY BEAST
British Dictionary definitions for gift tax
gift tax
noun
another name for (the former) capital transfer tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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