|An aspect of fiscal policy| In economics, a gift tax is the tax
on money or property that one living person gives to another.
Items received upon the death of another are considered
separately under the inheritance tax. Many gifts are not subject
to taxation because of exemptions given in tax laws. The gift
tax amount varies by jurisdiction, and international comparison
of rates is complex and fluid. |This economic term article is a
stub. You can help Wikipedia by expanding it.|