And if you are in Sacramento, California. Look at that diesel price. This is driving inflation big time because most goods come to us by truck.
POLITICAL THREAD
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The BOND market (as measured by the Barclays Agg Index) is down over 10% YTD.
To put that in perspective, let's say you were lucky (or smart) enough to sell ALL your stocks/stock funds... and move to "safe" bond/bond fund investments on Jan 1.
Your $1mm portfolio (for most folks that would be a 401k) is now worth less that $900k... invested in the "safe" asset class.
Thanks Joe!
To put that in perspective, let's say you were lucky (or smart) enough to sell ALL your stocks/stock funds... and move to "safe" bond/bond fund investments on Jan 1.
Your $1mm portfolio (for most folks that would be a 401k) is now worth less that $900k... invested in the "safe" asset class.
Thanks Joe!
There's no tax for the recipient on gifts no matter how big EXCEPT unrealized capital gains when an asset, not money, is sold.
There's no tax for the giver by KY.
The Feds only require reporting of gifts over $16K/yr/receiver/gifter. I.e., you can giver a million people $16K in a year & there's no tax or reporting.
A gift of over $16K to any one person in a year requires filing Form 709. The excess to $16K counts against your non-taxed estate limit of about $12M. Net, you could give your entire estate to someone tomorrow and if it's under $12M total, no taxes, ever, EXCEPT ......
...... they'll owe capital gains taxes when they sell an asset. Now even that goes away on inheritances. So if you bought Apple stock at $1, may be better to hold till you die than gift.
Yes, a difference. Still parlayed the job into a media gig - your initial point.
Missing the "wasn't on FOX" meaning. Psaki was appearing on her station before she left WH? DIdn't know.
Oh taxes.....
I have said it a million times, if a person had to pay the county clerk every month from their checking account, instead of automatic payroll tax deductions, American's heads would explode.
Most people have no idea how many taxes they pay a year, and also don't have any idea where those tax dollars are being used by the government.
Just love seeing my money being used for pet projects and/or overseas.
I have said it a million times, if a person had to pay the county clerk every month from their checking account, instead of automatic payroll tax deductions, American's heads would explode.
Most people have no idea how many taxes they pay a year, and also don't have any idea where those tax dollars are being used by the government.
Just love seeing my money being used for pet projects and/or overseas.
Wrong. I inherited money twice and the max I could give to whomever was 10 grand without them paying taxes or claim income. I never paid taxes on any money I inherited but had to pay on any interest I made from it. The 401k I inherited was non taxable if I did not touch it, but if I closed the account or drew from it it was income and taxable
Bidenomics in Action: Gas Prices Reach All-Time High on Monday -- Up 20 Cents in One Week and DOUBLE the Price Since 2020 Election | The Gateway Pundit | by Jim Hoft
Gas prices jumped 20 cents in the last week to $4.328 a gallon on Monday according to AAA.
www.thegatewaypundit.com
So which is it, she’s a lowly bartender who couldn’t use her worthless degree or she’s a rich elite mooching off the working man? Y’all need to get your narrative straight.
PSA: If you are weak of stomach, don't read this thread.
If you can't stand someone chirping back at you, don't read this thread,
Stop crying to moderators about how you got the hurt feelings.
If you can't stand someone chirping back at you, don't read this thread,
Stop crying to moderators about how you got the hurt feelings.
Why? Was she somehow magically being unbiased at the White House and then turned into a completely different person on the flip of a switch when she started at Fox? No. It’s the exact same.
What projection? You said it. You wanted someone raped. You are a sad excuse for a human.
People like him make a good case for being Pro-choice. To think of all the sperm, he was the fastest.
You haven't been struck down yet because God is merciful. But don't worry! Your day is coming. Every knee shall bow and every tongue shall confess that Jesus Christ is Lord.
Not a tax expert but iirc the donor does pay the federal gift tax, if any, based on an annual cap but you can accelerate give years worth of caps.
If someone has their debt cleared by payment, I don't see that as an income situation. Now if the debt was forgiven or a deduction taken for "bad debt" then it's a potential income situation
Drunk sperm swim slow. And they were all drunk, just like him.
But, I thought Biden was taking steps to lower gas prices, you know by allowing more E85 use and tapping our reserves. The kinds of amazing things that are supposed to drastically lower gas prices.Bidenomics in Action: Gas Prices Reach All-Time High on Monday -- Up 20 Cents in One Week and DOUBLE the Price Since 2020 Election | The Gateway Pundit | by Jim Hoft
Gas prices jumped 20 cents in the last week to $4.328 a gallon on Monday according to AAA.
The Richard Hatch "Survivor" winner owed taxes on his winnings and the producers at CBS had offered to pay his taxes, but he still owed taxes on THAT gift. It goes on and on. Every time they pay something it's considered a gift and he owes taxes on it. But that was a prize. If the money is paid out of a personal account, like Oprah's gifts on her show, then up to a certain amount it's considered a nontaxable gift.
Two million to Hunter's taxes should be considered taxable. In a just government he probably would have violated RICO statutes.
Only democrats are allowed to make claims of stolen elections. It's Republicans who are domestic terrorists for daring to question the validity of an election. Because only Democrats are right 100% of the time. The rest is dangerous disinformation. There's only one narrative that must be followed.
Really hope that wasn't directed at @Sawnee Cat because if so, Wow!
Just telling my personal experience from a few years back....
I guess the IRS or his accountant saw the money as income related to the original appearance. Not sure. Probably some irc or Treasury reg out there dealing with that specific fact pattern. There sure should be considering the sea of regs they pump out every year.
Hunter was probably guilty of a score of crimes with many of them serious. Good thing he made sure the big guy got his cut
No worries. The irc is now so over regulated and buried in nonsense I don't know how anyone keeps up with it all. That's why 10 people can all have different opinions on the same fact pattern. It's why if you call the IRS 10 times you'll get 10 different answers to the same question.
The IRS is a perfect example of government agency glut that needs cut to the bone.
On the bright side, I may soon qualify for Biden’s low cost high speed internet. :^(
Hatch's winnings were winnings, not a gift. Just like winning the lottery. He had to do something to get the money.
Says the party that says it's "my body, my choice" for abortion protests and then says the opposite during the vaccine mandates. Also, one that didn't know the definition of a woman until the abortion protests, and then they could suddenly define one.
But the offer to pay his taxes was a secret gift.
Pro tip: Read the whole thing next time.
This needs to be stickled at the top of the paddock or something. For real.
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