Current Events > A brief guide to American taxation, and specifically gifting.

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Sunhawk 07/22/18 2:25:11 PM #1:	Any individual can receive a gift up to the federal gift-tax exclusion amount, which is $14,000 per year for tax years 2015-2017, without having to report the gift or the donor having to pay tax on it. The gift-tax exclusion goes to $15,000 for 2018. The exclusion applies per gift, not to the total of gifts given. https://www.moneycrashers.com/gift-tax-rate-rules-exclusion-limit/ You can gift huge amounts, but you have to pay taxes, which most people wouldn't want to do. Oh, and just so we're clear, $1,000,000 > $15,000. --- It has been 0 days since something interesting happened. A three hour tour, a three hour tour... <cite>Sunhawk posted [p:905528385] in A brief gu... [t:76831502]...</cite> <quote> Any individual can receive a gift up to the federal gift-tax exclusion amount, which is $14,000 per year for tax years 2015-2017, without having to report the gift or the donor having to pay tax on it. The gift-tax exclusion goes to $15,000 for 2018. The exclusion applies per gift, not to the total of gifts given. https://www.moneycrashers.com/gift-tax-rate-rules-exclusion-limit/ You can gift huge amounts, but you have to pay taxes, which most people wouldn't want to do. Oh, and just so we're clear, $1,000,000 > $15,000. </quote> ... Copied to Clipboard!
Cj_WlLL_VVlN 07/22/18 2:29:32 PM #2:	Also taxation is theft and you should try to screw over the IRS if you think you can get away with it. --- The gamefaqs moderation team knows dogs capable of being offended, cant laugh at a joke, and like to punish jokes that are acceptable on prime time TV pg shows. <cite>Cj_WlLL_VVlN posted [p:905528600] in A brief gu... [t:76831502]...</cite> <quote>Also taxation is theft and you should try to screw over the IRS if you think you can get away with it.</quote> ... Copied to Clipboard!
Sunhawk 07/22/18 2:31:27 PM #3:	Ayn Rand speaks. There are so many looters out there. --- It has been 0 days since something interesting happened. A three hour tour, a three hour tour... <cite>Sunhawk posted [p:905528691] in A brief gu... [t:76831502]...</cite> <quote>Ayn Rand speaks. There are so many looters out there. </quote> ... Copied to Clipboard!
Cj_WlLL_VVlN 07/22/18 2:39:43 PM #4:	Sunhawk posted... Ayn Rand speaks. There are so many looters out there. She was ok. No Rothbard however. --- The gamefaqs moderation team knows dogs capable of being offended, cant laugh at a joke, and like to punish jokes that are acceptable on prime time TV pg shows. <cite>Cj_WlLL_VVlN posted [p:905529112] in A brief gu... [t:76831502]...</cite> <quote><cite>Sunhawk posted...</cite> <quote>Ayn Rand speaks. There are so many looters out there. </quote> She was ok. No Rothbard however.</quote> ... Copied to Clipboard!
Smashingpmkns 07/22/18 2:41:01 PM #5:	Is this another Burgess topic --- Clean Butt Crew <cite>Smashingpmkns posted [p:905529163] in A brief gu... [t:76831502]...</cite> <quote>Is this another Burgess topic</quote> ... Copied to Clipboard!
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