A gift of a future interest doesn't qualify for the unlimited marital deduction, the $14,000 annual exclusion from gift taxes for gifts made to non-spouses, or the $148,000 annual exclusion from gifts taxes for gifts made to non-citizen spouses. In other words, it's always taxable.
A legend is a larger-than-life story that gets passed down from one generation to the next â like the legends of Beowulf, Robin Hood, or even Big Foot. The Latin word was originally limited to written stories, but in English, legend lost that limitation.
A myth is a story that is passed along through time from person to person. Myths are not just any old stories, but a stories with a purpose or lesson.Most often we hear the word âmythâ in connection to the Greeks or Greek Mythology, although lots of other cultures traditonally use myths to help explain the world.his is because the events or things that happen in a myth are pretty unlikely to have happened exactly as the stories tell us. The important thing to remember is that myths are not fact (meaning something that definitely happened) but more like an idea of what could have happened.