Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Wednesday, March 07, 2007
Gift Tax History
Q:
Subject: Re: Help!Is there a way to find out what the annual tax free allowance for gift tax was back in 1957?
Thank you!!!!!!
A:
It was $3,000 during the years 1943-1981.
I found this via a Google search that led me to this post from Paul Caron.
If you download the report he cites, you will see a very comprehensive history of the Gift Tax.
Kerry Kerstetter
Follow-Up:
Thank you!!!!!!!!! Thank you!!!!!!!!! Thank you!!!!!!!!! Thank you!!!!!!!!!
Labels: Gifting
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 3/07/2007 10:13:00 AM Send this post:
