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To: Touch Not the Cat

He gave it all away, I believe, and you’re right, I wonder if he paid taxes on it first. Shouldn’t that be required and his subsequent donations only deducted against other income?


19 posted on 04/16/2010 12:35:49 PM PDT by 9YearLurker
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To: 9YearLurker

.
Yes.

I’m certainly no tax expert but I thought I heard somewhere that if you get cash with the power to give it away, that is INCOME.


27 posted on 04/16/2010 1:53:51 PM PDT by Touch Not the Cat (Where is the light? Wonder if it's weeping somewhere...)
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