Sigh. The person giving the gift pays gift taxes on it if it exceeds a certain amount. Come on people. Explained several times. |
Yes. It’s a way to avoid some inheritance taxes —there’s a lifetime limit. 1 million now I think? |
I think there are probably some IRS agents very curious about Harlan Crow’s charitable donations. And maybe the officer of the law who helped him structure them. |
I need to write my congress person to ask that the receiver of a gift be required to pay taxes as well. what a crazy income tax loop hole! |
Be sure your congressman includes himself. And, while you are at it, tell him to vote for the AOC/Matt Gaetz bill against insider trading by congressmen. |
The line between a gift and a bribe is not far, and certainly not far at the levels provided to the Thomases. And presumably, we all want our Justices to be bound by the toughest of ethics rules, since their are supposed to be unbiased judges, free of day to day political influences. The FACT is that Thomas is fundamentally corrupt. The FACT is that our elected politicians and our civil servants face tougher rules. |
The recipient does not have to pay taxes on it but they DO still need to report it if it exceeds $17,000 |
Reminder again that federal employees cannot accept anything of more than $20 in value; and nothing to exceed $50 from a single source in a given year. The same should apply to EVERYONE in federal government, to include elected officials, appointees and judges. |
Wrong yet again. The giver (not the recipient) has to file a Form 709 (https://www.irs.gov/pub/irs-pdf/f709.pdf) You really should refrain from posting on topics you clearly have no clue about. |
Spoken like someone without a friend willing to pay your mother's housing expenses or your nephew's tuition. Be reasonable, judges don't make enough to fly private and commercial is for the poors |
Why is that one better than the one Spanberger already sponsored? |
If you think it's fine for a federal judge to receive a gift with a value in excess of $20, then you are part of the problem. |
No one thinks that’s fine. But we are clarifying the tax law for you. The gift tax laws have implications for Crow. |
Where did I say that? |
Actually, one would think that Judges (and particularly the Justices) should be bound by the toughest of ethics rules. |