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.
Full Definition of NAME. 1. a: a word or phrase that constitutes the distinctive designation of a person or thing b: a word or symbol used in logic to designate an entity. 2.3. c: a person or thing with a reputation. 4. : family, clan.5. 6.weet. : a word or phrase that refers to or that can refer to a specific person. : a word or phrase that refers to a specific place or thing. : a word or phrase that refers to a type or group of things.