Your tax liability on gift amounts above your annual exclusion or your lifetime ceiling can be reduced by using the unified credit. It's called unified because it is one amount that can be applied against gift or estate taxes. For 2011, the unified credit was $1,730,000 per taxpayer in their lifetime.
Your legal birth date would be 1st March. You would still be 17 on 28th February-just as you would if it was a leap year. Therefore when 29th is skipped, your legal birthday falls on the next day after your last day of being 17. Also yes you can enter a bar at midnight, because once the clock turns to 12am, the day has changed. :). Aidan H Â· 4 years ago.
We also know that a leap year means that where will be a February 29th. This creates the unique situation whereby someone born on February 29th will only have a birthday every 4 years. Often these people celebrate their sudo birthday on February 28th for those other 3 years. The next leap year will be in 2012. The leap year will then occur successively every 4 years so it will follow in 2016, 2020, 2024, and so forth. However, as we can see from the leap years listed below - there are years in which we do not have a leap year. This is as a result of the Gregorian calendar which has us skip a leap year every 100 years to make up for the fact that 11 minutes had to be shaved off the 365.25 year. Leap Year list from 1,900 to 2,400: