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To: bgill

Wait until they get the bill that their insurance, if they had any, won’t pay. If they aren’t charged, it will be considered a gift by the IRS and taxed at the max gift rate of 48%.

Lose, lose.


7 posted on 10/07/2014 9:59:11 AM PDT by rey
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To: rey
If they aren’t charged, it will be considered a gift by the IRS and taxed at the max gift rate of 48%.

Recipients of gifts are not charged tax on those gifts. The donors, if the amount exceeds a threshold limit (around $20,000 per person give-or-take), are taxed on anything that exceeds that threshold.

13 posted on 10/07/2014 10:20:26 AM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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To: rey
Wait until they get the bill that their insurance, if they had any, won’t pay. If they aren’t charged, it will be considered a gift by the IRS and taxed at the max gift rate of 48%.

I doubt any of them are here legally, and I doubt they have insurance or bother with tax returns. Their welfare and food stamps shouldn't be affected by any of this.

35 posted on 10/07/2014 4:55:59 PM PDT by Cementjungle
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