31.   The U.S. government, of course, which makes sure that the generous have to worry about not just income taxes but gift taxes as well.

32.   Thus the transferable options are an attractive way to reduce or avoid gift taxes.

33.   Under the current tax law, the estate tax and the gift tax are closely tied, and Bush proposed abolishing them both.

34.   When the uncle died, the stock would be returned to the niece at its new value, without paying gift taxes.

35.   By living in Nevada, retirees avoid state income taxes, inheritance taxes and gift taxes.

36.   On Wednesday, Finance Minister Yashwant Sinha announced abolition of the gift tax on computers and exempted all software being imported by the information technology industry from customs duty.