[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

[candeee]

Those cars were deemed prizes, not gifts, Einstein. Guess again.

[SAJ]

Incorrect. In the Oprah Car Case, tax was NOT levied on the gift of the car, but rather at the level of the in-lieu-of sales tax amount.

Or, in plain English -- if the bleeps don't get you one way, they'll sure as h*ll try to get you another way.