Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DoodleDawg

No. Since each is a Gift and is less than $14,000 there are no taxes.

The average donation is $30


87 posted on 04/03/2015 9:19:58 AM PDT by Mikey_1962 (Democrats have destroyed more cities than Godzilla)
[ Post Reply | Private Reply | To 54 | View Replies ]


To: Mikey_1962
No. Since each is a Gift and is less than $14,000 there are no taxes.

It's a gift to the person who opens the gofundmen site. In this case that isn't the people who run the pizza parlor. From a legal standpoint when the money is given to the pizza parlor then is it one single gift of hundreds of thousands of dollars, in which case gift taxes apply? Or is it still thousands of individuals, in which case they wouldn't?

90 posted on 04/03/2015 9:45:28 AM PDT by DoodleDawg
[ Post Reply | Private Reply | To 87 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson