To: ridesthemiles
Geee- and it meets the test of not going over $12,000, which is the GIFT limit for the IRS. She doesn’t even pay a minimal income tax on all these gifts...Are you saying that she should pay tax on it?
The donor already paid the income tax when he or she made the money in the first place.
49 posted on
03/23/2008 9:40:00 PM PDT by
CGTRWK
To: CGTRWK; Jim Robinson
Republicans ignore the economic collapse at their own peril. They should really acknowledge the crash and blame it on the Democrats, but oh well.
50 posted on
03/25/2008 9:02:07 AM PDT by
Dec31,1999
(Have you read the Bagavad Gita? Well, you should. :) It's exactly where we are now.)
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