The donor's tax on a present donation includes prior donations made during the current year. What is the correct statement?

The accurate statement is that the donor's tax on a present donation does not include prior donations made during the current year. In the context of donor's tax, when assessing a current gift, only the value of that specific gift is relevant for taxation purposes. Prior gifts made during the same year do not stack or affect the tax calculation related to the current donation. This is because the donor's tax is assessed separately for each gift, without cumulative accounting for other donations made in the same year.

This principle ensures that donors are taxed only on the particular gift they are currently making rather than being penalized for any other gifts they may have given.