You can give up to $15k per year before it counts against that

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Jan 15, 2019
5:01:43pm

kimdaddy35 All-American

$11+ million. So is he assuming someone already has given that much away?

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kimdaddy35

Bio page: kimdaddy35
Joined: Aug 23, 2010
Last login: Apr 25, 2024
Total posts: 46,291 (1,476 FO)

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Messages

Author

Time

Here is your unethical life pro tip for the day: Need to give/get a large some of money and don't want it to be taxed?

scootsy First name: Tom; Last: Foolery

1/15/19 3:52pm

This illustrates why 70% tax doesn't work.

rcbyufan

1/15/19 3:55pm

Then you get to give 3/4 of it to a lawyer?

foofcoug

1/15/19 3:56pm

Be your own lawyer.

Sandy Lyle

1/15/19 3:58pm

I respect myself too much to do that.

foofcoug

1/15/19 3:59pm

So fraud. Never thought of that

Baron

1/15/19 3:59pm

he said it was unethical right in the subject. sheesh.

riboflavin

1/15/19 4:10pm

why not give multiple $14,500 gifts?

byuguns55

1/15/19 4:04pm

<< Deleted >>

Buffalo

1/15/19 4:08pm

Where is the fun in that?

zonacougar

1/15/19 4:16pm

what would the time frame for gifts have to be? calendar year?

claw

1/15/19 4:42pm

Yes. A husband and wife can combine gifts as well. If you're gifting to

BYUMizzou

1/15/19 8:40pm

If you are worried about the gift tax just hire an accountant because

kimdaddy35

1/15/19 4:13pm

i think he's talking paying tax on a yearly gift.

riboflavin

1/15/19 4:22pm

You can give up to $15k per year before it counts against that

kimdaddy35

1/15/19 5:01pm

that 15k is what he's talking about. money in excess of 15k that is.

riboflavin

1/15/19 5:15pm

I understand, I guess I just don't understand why he is worried about

kimdaddy35

1/16/19 11:38am

Although this is also fraud, I like this idea better:

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