The lifetime exemption for federal gift taxes has increased significantly over the years while the gift tax rate has decreased. As of 2016, the top tax rate is 40 percent, down 15 percent from 1997. The chart below shows the changes in the lifetime gift tax exemption and top gift tax rate over the years.
Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  kin. 2  Kin(noun) a primitive Chinese instrument of the cittern kind, with from five to twenty-five silken strings. 3  Kin(noun) relationship, consanguinity, or affinity; connection by birth or marriage; kindred; near connection or alliance, as of those having common descent.
A trait is something about you that makes you you.. When your mother says that you get all your best traits from her, she means you have the same charming smile and the same brilliant mind as she has. In science, trait refers to a characteristic that is caused by genetics. Having green eyes or being shorter than average are traits a person might have. In more general use, a trait is an important part of someoneâs personality or appearance. Try to describe your favorite teacher in three words and youâll probably come up with a list of her essential traits â such as compassionate, calm, and kooky.