Or when people would say they were voting for 'the best man for the job'? When's the last time you heard that?
POLITICAL THREAD
- Thread starter kybobcat
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Gift recipients don’t pay tax on the gift.
Individuals can give up to the annual exclusion to any individual without worrying about tax. Even if it’s above the annual exclusion, you still have the lifetime exemption to chip away at. Above the lifetime exemption, you’ll pay tax.
Income taxes are paid on income. If some pays your tax, that’s also income. Divide the initial income amount by one minus the tax rate and you have the “grossed up” amount of income and amount to pay to cover the tax impact.
Individuals can give up to the annual exclusion to any individual without worrying about tax. Even if it’s above the annual exclusion, you still have the lifetime exemption to chip away at. Above the lifetime exemption, you’ll pay tax.
Income taxes are paid on income. If some pays your tax, that’s also income. Divide the initial income amount by one minus the tax rate and you have the “grossed up” amount of income and amount to pay to cover the tax impact.
Lol she was a lowly bartender who someone clearly put money behind now she does nothing but live off tax payers driving a tesla wearing 10k dresses to galas
There is no story to get straight. She's everything you claim you hate about the government and politicians. And she's still too incompetent/lazy to pay her loans off
Why don't you and 55 send me $20k and we'll find out.
You are missed.
I posted in the war thread that people in DC were saying they'd spend $100 billion in Ukraine by the end of next year. The usual suspects laughed at that #. We are only a week into May and now it's up to $40 billion. They may have actually underestimated how much the establishment wanted to steal.
What any sane person with a brain knew from the very moment their addresses where disclosed for the whackos.
It's worse than that. You rates are going up, but your speed is going down. You can't just dump 40 millions mofos onto the network all at once and expect it not to cause a traffic jam.
To be honest, it would be hard for Biden voters to say that with a straight face.
Color me shock that jameslee32 wants to see black people gang rape people's daughters.
Not only is he a racist. He's a disgusting worthless person.
Not only is he a racist. He's a disgusting worthless person.
Not necessarily. The money to pay a person’s tax can still be a gift. It can also be a loan (which is not taxable as long as it is truly an arms length transaction), or it can be income. Who gives it and why determine the nature of it.
Ten four on that, just need a bank number and social.
Any comment on your laughing emoji on the gang rape post?
Like I said, my dealings with that were several years ago, no surprise here that that has changed.
Thats not really pro-life.
IOW, because you can't/won't supply the law or reg that backs your view, you go off on me. If me saying I don't believe you makes you a liar when you give me nothing that supports your statement, so be it. I've never paid taxes on gifts to one person over $10K up to $15K I've made in one year nor has the receiver, and I'm willing to be perfectly public about that. Your son doing your taxes has nothing to do with this. I don't doubt he's good. But you don't think I consult a CPA on my donations?
The nicest guy Jim Acosta knows....is Jim Acosta.
yawn lib, yawn. Like I said, I know what I dealt with and how much it was. You are one of the main reasons I dont post much anymore on the D thread. I was a very early member per say but I watched your lib views on the political thread then you meander with the nice guy Im in agreement on the D thread. Thats called talking out of both sides. You are a proven champ at that. With that you have joined the other lib dipshits that I have blocked. Enjoy your miserable liberal life!!
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There is nothing taxable for the giver until total gifts exceed $16K/yr per any one person exceeds the Fed estate tax lower limit of $11-12M/person (Don't know exact number, Marley.). Just have to file Form 709 - look it up - when a yearly gift exceeds $16K. Don't know why people think this is so hard.
It was Vernazza, Italy. Just beautiful. Been over lots of Europe & NAm. Not much else. Going to Greece in Sept. Haven't been.
Reminds me of that "comedian" chick that passed out on stage.
Hopefully. Never underestimate those cheating SOBs though.
The officer apparently killed herself.I think @TheFrontRunner lives in Evansville? If so...your town just hit the national news.
Casey White prison escape: Alabama fugitives in custody, Vicky White suffers self-inflicted bullet wound
The days long manhunt for an escaped Alabama murder suspect Casey Cole White and the high-ranking jail guard, Vicky White, came to a close on Monday – more than 10 days after the pair fled from the according to officials.www.foxnews.com
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