The Essential Purpose of the Marital Deduction Is to Defer

question 20

True/False

The essential purpose of the marital deduction is to defer any estate tax liability until the second spouse dies.

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Definitions:

Great-person Theory

A theory of leadership that suggests history is shaped by the actions of great individuals who possess unique characteristics and talents.

Steve Jobs

Co-founder of Apple Inc., influential in the development of personal computers and innovative technology products like the iPod, iPhone, and iPad.

Bill Gates

Co-founder of Microsoft Corporation, an influential technology magnate, philanthropist, and one of the world's wealthiest individuals.

Discrimination

Discriminatory behavior or unfair treatment towards various groups of individuals, notably based on their racial background, age, or gender.