Anyone can give $10,000 to a person a year without worrying about the gift tax.

A. I don't know that a gift tax is due.

"I'd love to become affluent enough to have to pay the gift tax," he said.

"Some people believe there's been an elimination of the gift tax as well," she said.

There are two levels of exemption from the gift tax.

In short, this should not lead us to revisit the idea of a gift tax.

Well, the Times explains, then the federal gift tax applies.

And if the shares are worth $10,000 or less, you would also avoid paying a gift tax.

They can give each girl up to $20,000 a year without incurring a gift tax.

The fact that he paid the gift tax gives him points for prudence.