Gift Tax

[@paulhan7770]

Gift tax system is very unfair since the donor had probably paid taxes on the gifts in the first place.

[@jorgedelarosa5259]

What if someone is recieving a gift over $50,00.00 does the recipient have to pay taxs or provide a tax code in order to withdraw the money from a foreign offshore account. Your answer i greatly appreciated thanks. To Money Health and Success.

[@Snd_1911]

I like your video :) But I have a quick question since toward the end of the video you switched "gift tax" to "estate tax exemption" and that confused me. So lets say if I get $300'000 from my alive uncle this year. as a gift tax it shall be 18% of ($300K- $14k = $286K) for him to be taxed. However, if he never give gift like this before, with the "estate tax exemption" does it means he will not be paying a cent but just decrease his life time tax exemption credit? If that so, then does he still need to file gift taxe to IRS next year to basically show the IRS he is a honest American? Thank you :) Have a wonderful day!

[@Daveortiz693]

Great vid, thanks for the knowledge!

[@Edspira]

No problem!