[candeee]

You know not of what you write. A gift is never taxable to the recipient (even a billion dollars). A gift tax is only payable by the giver.

[ClintonBeGone]

"A gift is never taxable to the recipient (even a billion dollars)."

Sure Einstein.

Oprah Car Winners Hit with Hefty Tax
http://www.nysscpa.org/home/2004/904/3week/article62.htm