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	<title>ask matt cpa &#187; Estate Tax</title>
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		<title>Beyond the Annual Gift Tax Exclusion</title>
		<link>http://askmattcpa.com/2009/10/beyond-the-annual-gift-tax-exclusion/</link>
		<comments>http://askmattcpa.com/2009/10/beyond-the-annual-gift-tax-exclusion/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 22:22:13 +0000</pubDate>
		<dc:creator>matt cpa</dc:creator>
				<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Wealth]]></category>
		<category><![CDATA[Estate Tax]]></category>
		<category><![CDATA[Gift Tax Exclusion]]></category>

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		<description><![CDATA[My other post explains how the gift annual exclusion works.&#160; What happens if your gift, such as a car, which has a value higher than $13,000 exclusion (2009)?&#160; Does it make it taxable gift?
The answer is yes, but…&#160; It is taxable but you don’t necessarily owe any tax.&#160; Each person is entitle to a $1 [...]]]></description>
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		<title>Gift Tax Exclusion</title>
		<link>http://askmattcpa.com/2009/10/gift-tax-exclusion/</link>
		<comments>http://askmattcpa.com/2009/10/gift-tax-exclusion/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 19:59:51 +0000</pubDate>
		<dc:creator>matt cpa</dc:creator>
				<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Wealth]]></category>
		<category><![CDATA[Education Costs]]></category>
		<category><![CDATA[Estate Tax]]></category>
		<category><![CDATA[Gift Tax Exclusion]]></category>
		<category><![CDATA[Wealth Building]]></category>

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		<description><![CDATA[Estate tax is a total different kind of animal as opposed to the income tax.&#160; It is a tax on wealth transfer, so the tax is calculated on your total wealth.&#160; In 2009, if your total wealth is higher than $3.5 million, you will pay 45% tax on the excess over this the $3.5 exemption.&#160; [...]]]></description>
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