@curiousminds wrote:
.....whenever I buy anything (single transaction) I’m always paying multiple taxes....
In this instance, you are the seller, not the buyer, and we are discussing federal income and estate/gift taxes.
You do not pay capital gains tax on gifts of cash or property.
If you give someone (anyone) $25,000 cash with the understanding that that person will, in short order (or at some specific time), purchase property you own for an additional $25,000 (that you gave that person), that is not a gift. If you did try and claim that was a gift to avoid tax (e.g., capital gains tax), that would be considered a step transaction and invalid as a gift.
