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Unformatted text preview: God has done for us. I do, however, disagree with an estate tax when it involves a surviving spouse. When it comes to surviving spouse, I believe there should not be an estate tax because the couple accumulated the wealth while together and therefore, should not be taxed like an inheritance. But this can also be abused as well. The Internal Revenue Service has taken noticed to this. There is the “deathbed gifts” where some try to avoid paying taxes by giving a gift to a person who is dying and then the spouse will get it without a penalty or extra taxes being paid (Willis, Hoffman, Maloney, & Raabe, 2010). Corruptions is everywhere in our lives so one must always look to God for guidance with problems. Reference: Willis, E., Hoffman, J. W., Maloney, D. M., & Raabe, W. A. (2010). South-Western Federal Taxation Comprehensive Volume 33rd ED. Mason, OH: South-Wewstern Cengage Learning....
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This note was uploaded on 08/17/2011 for the course ACCT 412 taught by Professor D during the Summer '11 term at Lee.
- Summer '11