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Click here to discover how you can safely earn 18% to 240% per year in
government tax liens and deeds using your own self-directed IRA

Gift Tax

Gift Tax. 

A federal tax attached to a monetary gift to a friend or family member.   In general, each person may give up to $10,000 annually to each recipient without imposition of federal taxation.  On gifts of more than $10,000 taxes may be imposed and may affect the donor's state taxes.  

For instance, John and his wife have 5 children. Each year, together, they can give $20,000 to each child, totaling $100,000.  That $100,000 will not be imposed by gift taxes.

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