To: Mr. Lucky
If the payment is a gift, it’s not taxable to the recpient.
—
I believe there are limits.
To: Flick Lives
I believe there are limits.Not for the recipient. The giver can give up to a certain amount before taxes apply on the giver's side, but the recipient still pays nothing.
9 posted on
12/31/2021 8:30:25 AM PST by
IYAS9YAS
(There are two kinds of people: Those who can extrapolate from incomplete data.)
To: Flick Lives
Yes, per annum limits until gifts get taxed. And I suppose since the team has been sold he can make such gifts without them counting as regular income.
To: Flick Lives; Mr. Lucky
Damn
It’s only fifteen thousand a year per person
20 posted on
12/31/2021 9:22:50 AM PST by
wardaddy
(Do we really think a culture vested in transgenderism can defeat 6000 years of mankind so easily...)
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