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To: sten
I think the gift tax limit is around $14K today. I don't know how the IRS treats these gofundme donations. I don't know if they are treated as individuals giving (which would be a limit of $14K) or as one large donation. It would be interesting to find out.
29 posted on 04/03/2015 7:47:23 AM PDT by martinidon
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To: martinidon

macdonalds should try that...

McDs: for a donation of just $1, you will receive this nice cheeseburger. for every donation of $3.50 you’ll receive this large fry and coke along with the cheeseburger

McDs ends up paying no taxes

:)


33 posted on 04/03/2015 7:51:13 AM PDT by sten (fighting tyranny never goes out of style)
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