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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like an anonymous forum is the place to vent about this or be put in my place. Each year, sometimes multiple times a year, my ILs give us a substantial chunk of change - in the tens of thousands -- as their way to avoid a higher tax burden (keep in mind they purport to be serious Dems) calling it a "gift" or "donation" to us. They don't ask, just transfer the money. As someone who always worked really hard to become a financial stable person, I get annoyed by this (and don't feel like it's "my" money). Is that stupid of me to complain about free money? [/quote]

Unless you're a charity, they giving to you doesn't help their tax burden, and in fact adds to it because once they exceed a certain amount they have to pay a gift tax.

You have no idea what you're talking about.[/quote]

A couple can effectively transfer $60k a year to another couple without counting towards their lifetime exemption. It does in fact help their tax burden. You have no idea what you are talking about. [/quote]

Oh please.  If all they're doing is giving money away to their children now to avoid having their estate taxed later when they're dead they're hardly "helping their tax burden."  They're just making sure there's more money left to pass on to their heirs.

YOU have no idea what you're talking about.  [/quote]

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