You’re not alone. My parents instilled a slight dislike for the government by doing this. Fortunately, the only imposed a 10% income tax on me, so it wasn’t too bad…however, they told me that when I’m “older and rich and powerful”, that number will skyrocket, so I’ll have to get used to it, unfortunately. TGoodParentM.
Gifts are not taxed up to 26,000 a year from your parents combined. Not counting what your grandparents could contribute if you had any. And they would bear the tax burden not you.
Seeing as I get more than that a year directly deposited from my fathers account, yes i do. Also he doesn’t pay taxes on it because the burden is “transferred” once the person redeems the gifts, and that burden would fall on me.
What are you, twelve?
13 years ago at 1:18 pmi propose the same question.
13 years ago at 1:56 pmWeezy F.
13 years ago at 1:46 pmRough life you must live.
13 years ago at 1:52 pmPaying taxes NF. Tax evasion TFTC.
13 years ago at 2:40 pmI thought i was the only one who had to do this growing up
13 years ago at 3:00 pmYou’re not alone. My parents instilled a slight dislike for the government by doing this. Fortunately, the only imposed a 10% income tax on me, so it wasn’t too bad…however, they told me that when I’m “older and rich and powerful”, that number will skyrocket, so I’ll have to get used to it, unfortunately. TGoodParentM.
13 years ago at 1:01 pm^ you are so gay
13 years ago at 3:20 pmAt least you got an allowance.
13 years ago at 4:18 pm^
13 years ago at 10:46 pmGifts are not taxed up to 26,000 a year from your parents combined. Not counting what your grandparents could contribute if you had any. And they would bear the tax burden not you.
13 years ago at 8:20 pmSeeing as I get more than that a year directly deposited from my fathers account, yes i do. Also he doesn’t pay taxes on it because the burden is “transferred” once the person redeems the gifts, and that burden would fall on me.
13 years ago at 8:27 pmIs there a line I can stand in to be you?
13 years ago at 10:13 pmTalking about money. TNewMoneyM
13 years ago at 12:00 am^definitely fucking this.
13 years ago at 12:02 am^^These are the truth.
13 years ago at 12:08 am^^^
13 years ago at 2:53 pmBeing handed things like a lib. NF.
13 years ago at 12:34 amhhhhh what?
13 years ago at 2:01 pm