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To: TheMole

Perhaps Grandpa pays the tuition because the family can’t afford to. Does that mean he should also have to pay for their private medical insurance?

That’s the angle the MSM will use, if it learns that the family was not in fact paying the $40,000 tuition that icwhatudo confidently asserts that they were, and that they weren’t on scholarship. Better we should stick with real facts that we can prove, instead of making assertions that we have to back-track on while the media pounces on the lack of credibility of “conservative websites”.


101 posted on 10/08/2007 6:12:00 PM PDT by GovernmentShrinker
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To: GovernmentShrinker
Better we should stick with real facts that we can prove, instead of making assertions that we have to back-track on while the media pounces on the lack of credibility of “conservative websites”.

It is informative and fun for freepers to speculate. Lets say grandpa and grandma are filthy rich. Each can donate $11K per year per person for a total of $22K per family member without tax consequences. They can gift more, but have to pay tax unless they use part of their inheritance tax exclusion.

Since the parents really don't need the money, they can max out there retirement accounts and lower their taxable to $45K a year. The numbers don't add up in the story, so speculation occurs..

115 posted on 10/08/2007 6:32:59 PM PDT by EVO X
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