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In this video, the instructor addresses misconceptions about gift taxes in the United States. A common misunderstanding is that the recipient (donee) of a gift is responsible for the tax, but it is actually the donor (the person giving the gift) who must report the gift and pay any applicable taxes. The video provides clear examples and refers to IRS Form 709, the gift tax return, to illustrate these points. Key distinctions are made between the donor and the donee, emphasizing that the donor is the one liable for any gift tax obligations, while the donee does not have to worry about paying taxes on received gifts.