A federal tax credit that may be used in certain cases to offset the gift tax, the estate tax, and/or the Generation-Skipping Transfer tax. |
Private consumption is the largest component of the National Income (GDP) of a country. If people are able to consume more because their disposable income is increased by a reduction in their tax burden, that will be a positive development for overall economic health of the country as a whole and will be reflected in the currency exchange rate.