The estate and gift taxes share several common features. Which of the following characteristics is common to both the estate and gift taxes?
A) A charitable deduction and an annual exclusion.
B) The tax rate schedule for calculating gross transfer taxes.
C) A marital deduction and a deduction for casualty losses.
D) A marital deduction for transfers of all terminable interests.
E) None of these choices list characteristics common to both the gift and the estate tax.
Correct Answer:
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