Homeless Boston man, Glen James (r) is honored by Boston Police Commissioner Edward F. Davis (l) for his honesty in returning a backpack filled with more than ,000 that he found.
Posted on 09/19/2013 9:04:30 AM PDT by SeekAndFind
Who’s going to pay his real estate taxes on that free house? Who’s going to pay the income tax on that free house?
Just asking.
>> “Who’s going to pay his real estate taxes on that free house? Who’s going to pay the income tax on that free house?” <<
.
Breaking Wind again, huh?
There is no income tax for the recipient of a gift.
In MA the Gift Tax Exclusion is called at $14,000.
RE: There is no income tax for the recipient of a gift.
Yes, but with property, comes additional problems — Property Taxes, Maintenance, electricity and water bills...
What this man needs is a JOB. This one time gift is going to cause him all sorts of additional problems if he does not have income.
Not to mention utilities.
Why so much for a house? $25 will get him a house and land in Detroit.
RE: $25 will get him a house and land in Detroit.
I think the man still values his life...
Those problems beat the heck out of the problem of being homeless. I'd be willing to trade up for a better set of problems.
/johnny
Let’s all remember the old adage:
“Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”
This is the equivalent of giving him fish. What he really needs is to LEARN TO FISH.
Why is he homeless ...he looks somewhat intelligent.
Not saying he doesn't need a job, but having an address relieves a lot of stress and is a better problem to have.
All of life is filled with problems, the homeless have theirs, the multi-billionaires have theirs.
I know which problems I'd rather have.
/johnny
Still no explanation about the multiple identity documents and cash in the bag.
/johnny
Read the tax code. Gift level for feds is $11,000, I believe. I'm sure the state will take a bite.
what kind of house can he get in Boston with that?
If he were in Texas or something maybe
what I want to know is who puts $42K in a backpack, and why
He’s homeless, not insane.
I hate to say this, but he isn’t buying any house. There is a reason he is homeless. This is going to turn into $60K for booze.
How many donors do you think will be giving $11,000 or more?
Each gift stands alone!
You need a better tax lawyer.
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