The Perplexing Tax You May Never Have to Pay
You've done well in life, and now you want to share some of your wealth with the people you know and love. Perhaps you want to help your children make a down payment on a home. Or contribute to your grandchild's college savings plan. Or give a retirement gift to a loyal household employee.
But one concern that might be holding back your generosity is the question of whether you'll have to pay federal gift taxes. It's a topic that comes up in all kinds of discussions of giving. But here's the good news: In general, the only people who have to worry about it are the so-called "one percenters."
Still, even if you probably will never have to
