Which statement about transfer taxes in the United States is TRUE?
A) Your estate is defined as whatever is left of your wealth when you die.
B) For 2006 through 2009,the estate tax exempted the first $350,000 of your wealth from taxation.
C) Transfers to spouses on death are deductible from estate taxes.
D) Wealthy individuals who will be subject to the estate tax are not allowed to avoid taxation by transferring wealth to heirs before death.
Correct Answer:
Verified
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