英语翻译This so-called "pick-up tax" reduces the federal death t

英语翻译
This so-called "pick-up tax" reduces the federal death tax by an equivalent amount,thus there is no increase in the over-all taxes.More than half of the states (including California,Florida and Nevada) use the "pick-up tax." The calculation for the "pick-up tax" is explained in Chapter 5,*** Query 7.What is the death tax collected by the State of Florida if one of its citizens dies leaving a taxable estate of 55 million (the federal tax after applying a 5391,600 federal state death tax credit would be 81,806.400)7
A generation-skipping transfer tax (GSTT) is a tax on certain property transferred to a "skip person," that is,for the benefit of someone who is more than one generation younger than the donor.Thus,the surviving spouse and the children of a decedent are not skip persons,but grandchildren and great-grandchildren are.Without this tax,wealth could skip several generations and escape one level of transfer tax.For example,a gift or estate transfer of a $ 10 million parcel of land to a grandchild would be subject once to a gift tax or death tax,but it would not be taxed twice,as it would have if the property first passGd from the client to the child,and then from the child to the grandchild.Chapters 7 and 12 cover the GSTT in more detail.It is enough to say here that the federal generation-skipping transfer tax has a 51 million exemption per transferor,making careful planning in this area necessary only for clients with fairly
substantial estates.
- An income tax is essentially a tax levied on income earned by a taxpayer
during a given year.Income tax laws usually distinguish five different taxpayers
or entities that must report income by filing income tax returns:individuals,
partnerships,corporations,estates,and trusts.Principles of taxation can differ
substantially for each.For instance,partnerships generally do not pay income
taxes because the partnership is treated as apass-through entity,meaning that its
income and deductions are passed through to be reported by the individual
partners.Each taxpayer; including partnerships,must submit an annual income
tax return that repots certain items including income,deductions,credits,and the
tax due (calculated by using tax tables applicable to that entity.) Married
individuals may file a joint income tax return,in which they report their
combined income,deductions,and other information on one return.This
textbook will not try to cover income taxes in detail as it is far beyond the scope
of this course.An extensive introduction to the income taxation of trusts and estates will be found in Chapter 8.

这所谓的 " 提取课以税 " 减少相等数量的联邦遗产税,如此没有上面-所有的税增加.比一半的州 (包括加州,佛罗里达州和内华达州) 使用的更多 " 提取税 ." 对于 " 提取税 " 的计算在第 5 *** 疑问 7.如果它的市民之一死...