§2602 — Amount of tax
4 cases·4 cited
Statute Text — 26 U.S.C. §2602
The amount of the tax imposed by section 2601 is—
the taxable amount (determined under subchapter C), multiplied by
the applicable rate (determined under subchapter E).
4 Citing Cases
When a donor makes a gift to a donee, a “debt” to the United States * * * is incurred by the donor. Those taxes are as much the legal obligation of the donor as the donor’s income taxes * * * [Fn. ref. omitted.] - 17 - other than his (or the estate’s) payment of his gift tax liabilities.10 Fourth, the parties have stipulated that the do
When a donor makes a gift to a donee, a “debt” to the United States * * * is incurred by the donor. Those taxes are as much the legal obligation of the donor as the donor’s income taxes * * * [Fn. ref. omitted.] If we were to suspend disbelief and assume, for the sake of argument, that decedent received valuable “consideration” in exchan