Question

What is the difference between an estate tax and gift tax?
A
An estate tax is assessed on all inherited money ; a gift tax is only assessed on amounts over $5000.
B
And estate tax is a tax on the money and property of someone who has died; A gift tax is a tax on money or property given from one living person to another.
C
And estate tax is paid by the executor of an estate a gift taxes paid by both parties of the gift.
D
And estate tax is paid on money; a gift taxes paid on money and property