Video Asylum

• There is an exemption for gifts valued less than $12,000 (nt) - racerguy 14:27:59 01/16/08 (0)
  In Reply to: RE: Actually, I have no idea,,, but I thought there was a stiff tax if you win anything. posted by oscar on January 16, 2008 at 13:09:35

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• 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)
  In Reply to: RE: Actually, I have no idea,,, but I thought there was a stiff tax if you win anything. posted by oscar on January 16, 2008 at 13:09:35

  I just figured it was considered income. I don't really know, since I never win anything.
  Jack
  
  

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  • 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.
    
    

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    • 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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