Which,if Any,of the Following Statements Does Not Reflect the Current

Which,if any,of the following statements does not reflect the current structure of the Federal transfer tax system?

A) A transfer for valuable consideration is not subject to the gift tax.
B) Property transferred by gift cannot later be subject to the estate tax.
C) When computing the gift tax on current gifts, all prior taxable gifts must be considered.
D) As to past gifts, the estate tax takes into account only post-1976 taxable gifts.
E) The same tax rates apply to gift and death transfers.