Skip by the generation-skipping tax and dodge taxes down the road. (cover story)

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Abstract:
      The article offers information on generation-skipping tax GST) in the U.S. It notes that the 2010 Tax Relief Act has included favorable estate and gift tax changes. It mentions that GST can be applied to those who skip for a generation or two or three. It cites that under the 2010 Tax Relief Act, the federal estate tax exemption is five million dollars for 2011 and 2012.