<u>Answer:
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The federal government levies an estate and gift tax on people who pass assets to the next generation, either after death or during life.
<u>Explanation:
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- The sources of revenue that the federal government fetches money from are varied and unique at the same time.
- When a property in to be transferred from one person to another, the federal government has to record the transfer of the property for the transfer to be legal.
- Hence, to record this transfer, the federal government levies a tax known as the 'estate and gift tax'.
Political Views: Bill Gates has shifted his party views and donated large amounts of money to both the Republican and Democratic parties. Bill Gates has a global initiative view of the world and supports whoever he thinks wants to help the most people. His political views are not always public, and he does not vote or support specific parties.
Relationship status: Bill Gates has been married to Melinda Gates since 1994, and has three children all below the age of 20.
Jack can expect to have a low credit score and difficulty getting another loan.
Some pros and cons of European exploration of America include the following:
Pros:
European settlement helped to develop North American cultures technologically
European exploration increased global understanding of the world's actual geography
Cons:
European exploration spread diseases
North American cultures were largely rejected and Natives were often treated as savages
Hope this helps!