Anonymous wrote:Anonymous wrote:I knew OP was that dumb. I just knew it.
What exactly do you and 10:08 get out of being such dicks?
Sincerely,
Curious (and not OP)
Anonymous wrote:I knew OP was that dumb. I just knew it.
Anonymous wrote:Anonymous wrote:Anonymous wrote:it's illegal to give that much to your kids.
no it's not. someone just has to pay taxes on it.
And only after you exceed the $5 million lifetime exemption. Of course, the individual in question can give $13,000 per year each to his children, their spouses, and his grandchildren. I've lost track, but it sounds like there are at least two children, who I presume have spouses, and four grandchildren. So he can give 8 x $13,000 or $104K per year without any tax penalty.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:it's illegal to give that much to your kids.
no it's not. someone just has to pay taxes on it.
And only after you exceed the $5 million lifetime exemption. Of course, the individual in question can give $13,000 per year each to his children, their spouses, and his grandchildren. I've lost track, but it sounds like there are at least two children, who I presume have spouses, and four grandchildren. So he can give 8 x $13,000 or $104K per year without any tax penalty.
op is saying he gives each kid 10k MONTHLY. Don't think she knows what she's talking about.
My friend's father gives his sons and daughters enough tuition money to pay for their childrens' private school.
Each one has at least one kid; there are 9 in the family.
Is THAT illegal considering private school tuition is $30K?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:it's illegal to give that much to your kids.
no it's not. someone just has to pay taxes on it.
And only after you exceed the $5 million lifetime exemption. Of course, the individual in question can give $13,000 per year each to his children, their spouses, and his grandchildren. I've lost track, but it sounds like there are at least two children, who I presume have spouses, and four grandchildren. So he can give 8 x $13,000 or $104K per year without any tax penalty.
op is saying he gives each kid 10k MONTHLY. Don't think she knows what she's talking about.
Anonymous wrote:Anonymous wrote:Anonymous wrote:it's illegal to give that much to your kids.
no it's not. someone just has to pay taxes on it.
And only after you exceed the $5 million lifetime exemption. Of course, the individual in question can give $13,000 per year each to his children, their spouses, and his grandchildren. I've lost track, but it sounds like there are at least two children, who I presume have spouses, and four grandchildren. So he can give 8 x $13,000 or $104K per year without any tax penalty.
Anonymous wrote:Anonymous wrote:it's illegal to give that much to your kids.
no it's not. someone just has to pay taxes on it.
Anonymous wrote:it's illegal to give that much to your kids.