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customerserviceguy

(25,243 posts)
5. Gift taxes
Sun Jul 14, 2019, 01:16 AM
Jul 2019

are imposed on the donor, not on the person being donated to. Also, the amount that can be given from one person to one person without any gift taxes even entering into the picture is $15,000, which is probably why only $100K was given.

Solving long term problems is the job of the various DMV offices in the fifty states, making damned good and sure that they quickly process drunk driving reports from other states to suspend licenses of their residents.

Also, a large gift from a single individual often starts the ball rolling for other people to chip in, too.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Well quickesst Jul 2019 #1
$100,000 divided by seven is just over $14,000 each. TexasTowelie Jul 2019 #2
That's true.... quickesst Jul 2019 #3
Gift taxes customerserviceguy Jul 2019 #5
Bike week --- a few bikers get killed every year. 3Hotdogs Jul 2019 #4
Latest Discussions»Region Forums»New Hampshire»Patriots owner Robert Kra...»Reply #5