Generation Skipping Tax

Generation Skipping Tax,

How Do You Define Generation Skipping Tax?

Meaning of Generation Skipping Tax: Transfer tax is levied on gifts or inheritances that are less than two generations younger than the person making the transfer.

This tax is applied to avoid evasion of transfer tax (ie inheritance and gift tax) in future generations.

Literal Meanings of Generation Skipping Tax


Meanings of Generation:
  1. All people are born and live at the same time, collectively seen.

  2. Preparation of something.

Sentences of Generation
  1. The best composer of his generation

  2. How to generate energy

Synonyms of Generation

production, spawning, prompting, triggering, making, occasioning, inspiration, range, crop, initiation, causing, creation, wave, engendering, origination, causation, batch, inception, kindling, type


Meanings of Skipping:
  1. Jumping, bouncing, bouncing, moving from one foot to the other, move easily.

  2. As a sport or exercise, a jump rope that is placed on both ends of you or two other people and repeatedly rotates under your head and feet.

  3. Go (part of the book you read or the sequence you follow according to its steps)

  4. Does not support or assist in related violations.

  5. Throw (stones) so that it bounces off the surface of the water.

  6. A light step, a spring, a loud sound.

  7. Provide a continuum of data or instructions.

  8. Missing persons, especially in the back.

  9. Large, open transport container for construction and other waste.

  10. Cages or buckets were used in mines and quarries to lower and lift people or materials.

  11. Work like a jump (side)

  12. Bowling or curling team captain or manager.

Sentences of Skipping
  1. He started jumping in the street

  2. Exercise to focus on running and jumping

  3. Video Manual allows viewers to skip sections that are not of interest to them.

  4. I want to leave English classes to meet my mother.

  5. Rocks bounced over the river

  6. "It's a weird dance," he said

  7. If you use your computer a lot while recording, the recording may be skipped.

  8. I found a carpet in the trash

  9. The bucket stands at the top of the hole so you can lower it when the gem digger is full and when it is upside down.

Synonyms of Skipping

disregard, frisk, miss out, bypass, leave out, miss, romp, fling, skim over, ignore, omit, pass over, prance, do without, bob, play truant from, toss, jump, pitch, dance, cavort, absent oneself from, bound, bounce, cast, caper, fail to attend, hop, gambol, spring


Meanings of Tax:
  1. Tax (on something else)

  2. High demands (power or resources)

  3. (Someone) faces guilt or evil.

  4. Investigation and evaluation (file fee)

  5. Mandatory government income tax, which is levied by the government on employees' income and company profits, or is included in the price of certain goods, services and transactions.

  6. One type or more demand.

Sentences of Tax
  1. Hardware and software are taxed at 7.5%

  2. He knew that the next test would test his full strength.

  3. Why are you making these unreasonable accusations against me?

  4. An officer who keeps track of expenses

  5. Higher taxes will reduce consumer spending

  6. Readers pay more attention

Synonyms of Tax

levy, put a strain on, duty, charge duty on, tariff, levy a tax on, charge, demand, accuse, pressure, weight, contribution, tithe, encumbrance, blame, fee, toll, strain, stress, imposition, assessment, call to account, condemn, confront