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Political Discussion
Reply to "No surprise - Clarence Thomas is completely corrupt"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For gifts of this size, wouldn't Thomas have to declare them on his income taxes?[/quote] No, no one has to report gifts, only income.[/quote] This is incorrect. IRS rules have limits on what can be excluded from reporting as income and what can't.[/quote] You’re both wrong. The giver has to report gifts in excess of the annual allowance. So if Crow didn’t report the gifts, he’s the one in trouble. I’m assuming he didn’t—because they were bribes. In which case Thomas is in trouble too. If Crow reported them, there’s less of a case that they were bribes. I’m sure there’s a sham charity or two involved that laundered the gifts though. [/quote]
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