No, gift taxes are much lower than income tax. Think it tops out to 45-50%??
Like I said doesn't matter to me, so calm down. But it is a loophole. You can say it isn't but it is. Because SJ didn't have to pay taxes on it, the shareholders of Apple did. Even the IRS recognizes that people use it to avoid income tax, so the gift tax kind of mirror's the estate tax for this purpose.
What are you talking about? There's no loophole there - equal (this year) or higher (previous years) taxes are paid for on large gifts as compared to income. (if there was a loophole there, many more CEOs would be doing it). I hope you're not preparing anyone's taxes.