Likely the IRS would consider the gift to
Posted by Sprout on May 19, 2025, 1:50 pm, in reply to "
Close..."
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be taxable as income instead of as a gift, thus making the reliever responsible for any taxes.
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Message Thread
 How much gift tax would one have to pay on a 400 million dollar jet - Lucky May 17, 2025, 6:39 am
- Nations do NOT PAY TAXES; they collect them.
 - DFM May 19, 2025, 5:41 pm
- Does the US government owe gift taxes to itself. - Sprout May 18, 2025, 2:32 pm
- Close... - BornToFarm May 19, 2025, 6:39 am
- Likely the IRS would consider the gift to - Sprout May 19, 2025, 1:50 pm
- Thieves!! - GOG May 17, 2025, 9:35 am
- If my research was correct the gift tax would be 40% of the 400 million dollar jet - Lucky May 17, 2025, 6:53 am
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