General Discussion

Red Mountain

(2,374 posts)

26. My experience....

Thu Apr 6, 2023, 04:58 PM

Apr 2023

is that current tax rates allow a gift of up to $17000 from another in 2023 without paying taxes.

https://www.investopedia.com/terms/g/gift.asp

What Is a Gift?

A gift is property, money, or assets that one person gives to another while receiving nothing or less than fair market value (FMV) in return. Under certain circumstances, the Internal Revenue Service (IRS) collects a tax on gifts. Transfers of money or property that are given freely or exchanged for less than market value may be subject to the gift tax if the donor has exceeded the annual or lifetime gift exemption.

Sounds like he accepted a lot of gifts.

Or he gave them something in return.....but I'm sure there is lots of documentation regarding exactly which decisions the gifts paid for and what they cost.

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@SenatorDurbin 's statement on reports of undisclosed gifts accepted by Justice Clarence Thomas. [View all] LetMyPeopleVote Apr 2023 OP

We all know that as long as Republicans angrychair Apr 2023 #1

But this is the Senate, which Dems control. Maybe there are actions they spooky3 Apr 2023 #2

The Senate has no control over the Supreme Court. former9thward Apr 2023 #18

No one claimed that. You may want to ask Dick Durbin what spooky3 Apr 2023 #19

The Senate Judiciary Committee doesn't have "control" over SCOTUS, but they have a lot of influence. ShazzieB Apr 2023 #25

Senate Judiciary Chair Dick Durbin will investigate Clarence Thomas LetMyPeopleVote Apr 2023 #3

And, his GD wife, too. Cha Apr 2023 #5

Slappy also forgot to include his traitor wife's income on his disclosure forms for 5 fking years. OMGWTF Apr 2023 #21

Oh that's right.. I forgot about Cha Apr 2023 #23

There is nothing in that statement about an investigation. former9thward Apr 2023 #17

If this isn't the lead up to launching one, I'll est the keyboard I'm typing on. ShazzieB Apr 2023 #24

Enough with the talk. Form a committee and investigate. Sneederbunk Apr 2023 #4

yes, i am sick and tired of watching fascists in the country go unchecked, we need a strong Federal ImNotGod Apr 2023 #7

agree republianmushroom Apr 2023 #6

Citizens United has had awful impacts on America ..... I don't know if that covers paying off .... Botany Apr 2023 #8

. dalton99a Apr 2023 #9

I'll get this news elsewhere; not from a post that only includes a link to musk's platform. erronis Apr 2023 #10

It's on the Senate Judiciary Committe's website. ShazzieB Apr 2023 #14

Thanks, ShazzieB. My point is please post the definitive links, as much as possible, erronis Apr 2023 #15

I agree. ShazzieB Apr 2023 #22

Thanks much. I didn't even see that it is the Committee that is doing the click-bait! erronis Apr 2023 #27

Tiktok has its own special set of issues. ShazzieB Apr 2023 #29

Who else has he accepted gifts from? Red Mountain Apr 2023 #11

So get it done and don't be wimping out letting republicans water it all down. Bev54 Apr 2023 #12

I see no reason to assume Durbin is going to do that. ShazzieB Apr 2023 #20

Did he declare it as income and pay taxes? LiberalFighter Apr 2023 #13

Probably not Farmer-Rick Apr 2023 #16

My experience.... Red Mountain Apr 2023 #26

I'm not saying you are wrong Farmer-Rick Apr 2023 #28

Thanks for reading Red Mountain Apr 2023 #30

ProPublica has done the country a huge solid. I donated to them today on the page reporting this JudyM Apr 2023 #31

There's a lot of noise on this here thread DC77 Apr 2023 #32

Lawmakers Call for Investigation and Ethics Reforms in Response to ProPublica Report on C Thomas LetMyPeopleVote Apr 2023 #33