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.
In anthropology, kinship is the web of social relationships that form an important part of the lives of most humans in most societies, although its exact meanings even within this discipline are often debated.