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RE: Can't find it-gotta link?

68.166.203.82

In Reply to: RE: Can't find it-gotta link? posted by Jack G on January 16, 2008 at 08:58:17

$3000 giveaway = $1500 Gift tax. for player and 100 titles on a format with an uncertain future...

HD DVD Giveaway (Open in New Window)

Follow Ups:

50%? OUCH! (nt) - Jack G 10:14:12 01/16/08 (6)
.
- He must be mistaken, Jack; I can't imagine anyone accepting a prize with that kind of tax attached. (nt) - Audiophilander 10:21:01 01/16/08 (5)
  (nt)
  - Actually, I have no idea,,, but I thought there was a stiff tax if you win anything. - oscar 13:09:35 01/16/08 (4)
    At the very least, you might have to report it as income...
    - There is an exemption for gifts valued less than $12,000 (nt) - racerguy 14:27:59 01/16/08 (0)
      .
    - RE: Actually, I have no idea,,, but I thought there was a stiff tax if you win anything. - Jack G 13:42:03 01/16/08 (2)
      I just figured it was considered income. I don't really know, since I never win anything.
      Jack
      - Maybe it's the multimillion dollar lotteries which puts you in the 50% tax bracket. - oscar 14:05:00 01/16/08 (1)
        
        In Reply to: RE: Actually, I have no idea,,, but I thought there was a stiff tax if you win anything. posted by Jack G on January 16, 2008 at 13:42:03
        
        I've never won anything either.... well maybe a free dinner for the "privilege" (?) of listening to a Time Share resort sales pitch.
        
        Yep, that's the ticket (pun intended)! ;0) - Audiophilander 11:08:39 01/17/08 (0)
        
        In Reply to: RE: Maybe it's the multimillion dollar lotteries which puts you in the 50% tax bracket. posted by oscar on January 16, 2008 at 14:05:00
        
        (nt)

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