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What is the difference between an estate tax and a gift tax (1 point?

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estate- when someone dies and you get their house and land

gift- when your given their house and when they are still kickin.

User Merlin Denker
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Estate Tax-The estate tax is a tax on your right to transfer property at your death.
Gift Tax-The tax you receive if you give someone money or property during your life.
User Fredrik Bagge
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