[Gene Eric]

So I give someone a grand, and he’s obliged to pay tax on that again?

[Vermont Lt]

What did you give them the money for? Was it a gift? Non taxable. And legal.

[Leaning Right]

> So I give someone a grand, and he’s obliged to pay tax on that again? <

I believe that the first $16,000 per year per person is tax free. But I’m not 100% sure. As a test, please send me $17,000. Then we’ll see what happens.

[ConjunctionJunction]

If it is a gift, then it should fall under the gift tax exemption.

[Scrambler Bob]

So I give someone a grand, and he’s obliged to pay tax on that again?
= = =

I think you can gift someone about $14K with no tax liability on their end. Each year. That number may go up.

[frank ballenger]

So I give someone a grand, and he’s obliged to pay tax on that again?

Lyndon B. Johnson spoke to the nation and said "This is a tax on your tax" referring to The United States 'Revenue and Expenditure Control Act of 1968 which created a temporary 10 percent income tax surcharge on both individuals and corporations through June 30, 1969 to help pay for the Vietnam War.