Replies

To: editor-surveyor

There is no income tax for the recipient of a gift.

Read the tax code. Gift level for feds is $11,000, I believe. I'm sure the state will take a bite.

15 posted on 09/19/2013 9:28:07 AM PDT by raybbr (I weep over my sons' future in this Godforsaken country.)

To: raybbr

How many donors do you think will be giving $11,000 or more?

Each gift stands alone!

You need a better tax lawyer.

20 posted on 09/19/2013 9:35:22 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794