SLOWLX Posted July 16, 2012 Report Share Posted July 16, 2012 http://m.nydailynews.com/1.1113787 Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted July 16, 2012 Report Share Posted July 16, 2012 this plan is sure to fall flat what she should do is have 4 separate donation cups, labelled "B", "C", "D", and "DD+" Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted July 16, 2012 Report Share Posted July 16, 2012 Boobs won't help a face like that. Quote Link to comment Share on other sites More sharing options...
Not Brian Posted July 16, 2012 Report Share Posted July 16, 2012 Groce/10 Quote Link to comment Share on other sites More sharing options...
-Alex- Posted July 16, 2012 Report Share Posted July 16, 2012 Her family must be so proud. Quote Link to comment Share on other sites More sharing options...
2pointslow Posted July 16, 2012 Report Share Posted July 16, 2012 elbowstopointy/10 Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted July 16, 2012 Report Share Posted July 16, 2012 I give zero fucks go become a stripper like the rest. People like this make our country a pos Quote Link to comment Share on other sites More sharing options...
russian rocket Posted July 16, 2012 Report Share Posted July 16, 2012 hmm...wonder if the irs will come after her for tax evasion because i have a feeling shes not going to pay taxes on that 5k if she ever gets it Quote Link to comment Share on other sites More sharing options...
Mensan Posted July 16, 2012 Report Share Posted July 16, 2012 hmm...wonder if the irs will come after her for tax evasion because i have a feeling shes not going to pay taxes on that 5k if she ever gets it http://www.columbusracing.com/forums/picture.php?albumid=695&pictureid=5577 Gifts under $26K are not taxable. Quote Link to comment Share on other sites More sharing options...
russian rocket Posted July 16, 2012 Report Share Posted July 16, 2012 http://www.columbusracing.com/forums/picture.php?albumid=695&pictureid=5577 Gifts under $26K are not taxable. hmm...did not know that Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted July 16, 2012 Report Share Posted July 16, 2012 hmm...did not know that Step 1) Take tax advice from anonymous people on the internet. Step 2) Regret decision in pound-me-in-the-ass federal prison. Quote Link to comment Share on other sites More sharing options...
twistedfocus1647545489 Posted July 16, 2012 Report Share Posted July 16, 2012 Step 1) Take tax advice from anonymous people on the internet. Step 2) Regret decision in pound-me-in-the-ass federal prison. http://twths.org/wp/wp-content/uploads/2012/04/michael-bolton-office-space.jpg Quote Link to comment Share on other sites More sharing options...
2highpsi Posted July 16, 2012 Report Share Posted July 16, 2012 Step 1) Take tax advice from anonymous people on the internet. Step 2) Regret decision in pound-me-in-the-ass federal prison. Per IRS Who pays the gift tax? The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement. What is considered a gift? Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return. What can be excluded from gifts? The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. Gifts that are not more than the annual exclusion for the calendar year. Tuition or medical expenses you pay for someone (the educational and medical exclusions). Gifts to your spouse. Gifts to a political organization for its use. In addition to this, gifts to qualifying charities are deductible from the value of the gift(s) made. May I deduct gifts on my income tax return? Making a gift or leaving your estate to your heirs does not ordinarily affect your federal income tax. You cannot deduct the value of gifts you make (other than gifts that are deductible charitable contributions). If you are not sure whether the gift tax or the estate tax applies to your situation, refer to Publication 950, Introduction to Estate and Gift Taxes. How many annual exclusions are available? The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, and $13,000 on or after January 1, 2009, the annual exclusion applies to each gift. What if my spouse and I want to give away property that we own together? You are each entitled to the annual exclusion amount on the gift. Together, you can give $22,000 to each donee (2002-2005) or $24,000 (2006-2008), $26,000 (effective on or after January 1, 2009). So Eli is correct, assuming a married couple gave the gift. Quote Link to comment Share on other sites More sharing options...
jeffro Posted July 16, 2012 Report Share Posted July 16, 2012 http://twths.org/wp/wp-content/uploads/2012/04/michael-bolton-office-space.jpg http://files.sharenator.com/lawrence_office_space-s498x263-47204.jpg Quote Link to comment Share on other sites More sharing options...
Mowgli1647545497 Posted July 16, 2012 Report Share Posted July 16, 2012 http://twths.org/wp/wp-content/uploads/2012/04/michael-bolton-office-space.jpg Look at this picture long enough and it starts to move. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted July 16, 2012 Report Share Posted July 16, 2012 Per IRS So Eli is correct, assuming a married couple gave the gift. That's what I mean, though. "Assuming x, which is the basis for this entire claim and may in no way apply to this situation, then y is true". That's what you get when you take advice on the internet. I'm not saying Eli is dispensing bad facts, I'm just saying taking it at face value ("Under $26k is untaxed") is going to land you in a bad situation. Quote Link to comment Share on other sites More sharing options...
KennyFKINPowerz Posted July 16, 2012 Report Share Posted July 16, 2012 I have a trailer trash cousin who would so do something like this. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted July 17, 2012 Report Share Posted July 17, 2012 http://www.columbusracing.com/forums/picture.php?albumid=695&pictureid=5577 Gifts under $26K are not taxable. Times have changed. Use to be $60K. Quote Link to comment Share on other sites More sharing options...
Dragu1a Posted July 17, 2012 Report Share Posted July 17, 2012 hmm...did not know that hmm...wonder if the irs will come after her for tax evasion because i have a feeling shes not going to pay taxes on that 5k if she ever gets it Just like every other person that leaves off their tips. Quote Link to comment Share on other sites More sharing options...
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