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The Act requires all states to either set their minimum age to purchase alcoholic beverages and the minimum age to possess alcoholic beverages in public to no lower than 21 years of age or lose 10% (Changed to 8% in 2012) of their allocated federal highway funding if the minimum age for the aforementioned is lower than 21 years of age.
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Each giver and recipient pair has its own annual exclusion; a giver can give to any number of recipients, and the exclusion is not affected by other gifts that the recipient may have received from other givers. Second, gifts over the annual exclusion may still be tax-free up to the lifetime estate basic exclusion amount ($13.61 million for 2024).
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Countries around the world, including Russia, China and Egypt, have restricted social media network X for periods.
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