âNegative reinforcement is when a certain stimulus/item is removed after a particular behavior is exhibited. The likelihood of the particular behavior occurring again in the future is increased because of removing/avoiding the negative stimuli. Negative reinforcement should not be thought of as a punishment procedure.
In addition to the annual exclusion, you're allowed to give away a certain amount during your lifetime without actually having to pay any gift taxes. As of the time of publication, you can give away $5,430,000 before you start owing gift taxes. For example, say you haven't made any taxable gifts in the past.
Under IRS rules, you can only give away $14,000, as of 2016, worth of gifts to any person in a given year without paying the gift tax. When you make a gift thatâs higher than that amount, you have a choice: You can either pay the gift tax right away, or count the gift against your âunified credit.â This is the total amount of your wealth you can exempt from the estate tax â both during your life and after your death.