theyll need to raise about double what they actually need.
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gifts are not taxable to the recipient - so please don’t speculate and then state conclusions about things of which you have little, to no, knowledge.
The Estate and Gift tax regime is separate from the Income Tax regime. On the other hand, in most case the donors won’t be able to take a tax deduction for these donations.
so please dont speculate and then state conclusions about things of which you have little, to no, knowledge.