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View Full Version : Did a Socialist design the bank option? Gift Taxes?


lamarrebel
07-22-2005, 05:14 PM
I know under even our American Federal tax code you can give up to $10,000.00 and it not be subject to taxation to either the recipient or the giver. Why then is it that when I decided to give $25.00 in hub dollars as a gift to someone on here, I was subject to a four percent tax? Was this designed by someone from France? Being taxed for my own goodwill...that reeks!! lol.

Kimberly
07-22-2005, 05:16 PM
I know!! I gave someone a dollar last night I got taxed too!! What is up with that?

Hey That was my 400th post!! Yippee!!

lamarrebel
07-22-2005, 08:09 PM
Congrats Kimberly!!:smt038 :smt038 :smt038

Kimberly
07-22-2005, 08:12 PM
THanks!!!:p