Gifts Gafts Gefts - What Constitutes a Gift and a Principled Tax Policy Justification

Description: February 14, 2006 Speaker: Douglas A. Kahn , Paul G. Kauper Professor of Law at the University of Michigan Law School Presented by: Center for Business Law and Regulation Summary: Norman A. Sugarman Scholar-in-Residence Lecture •Why are gifts not taxable income while dollars earned by a taxpayer's hard work and sweat are? •Exploring the utility of the existing standard courts employ to determine what a "gift" is and when the recipient must pay a gift tax Douglas A. Kahn is a leading ...