The generation-skipping tax is designed to accomplish which of the following?
A) Generate additional revenues to supplement the estate tax.
B) Prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that skip a generation of recipients.
C) Eliminate the possibility that the estate tax can be avoided by gifts in contemplation of death.
D) Replace the gift tax on distributions from trusts.
E) None of the choices are correct.
Correct Answer:
Verified
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