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LiberalFighter

(53,544 posts)

31. So Thomas wasn't paid for something he did?

Reply to Old Crank (Original post)

Fri Apr 7, 2023, 12:42 PM

Apr 2023

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Can Clarence Thomas be charged with tax evasion? [View all] Old Crank Apr 2023 OP

I hope so! 2naSalit Apr 2023 #1

The Giver pays the taxes NOT the receiver Farmer-Rick Apr 2023 #17

The IRS on gifts and taxation bucolic_frolic Apr 2023 #2

On bribes markodochartaigh Apr 2023 #15

The IRS will charge Clarence with tax evasion gab13by13 Apr 2023 #3

Are you suggesting gifts are taxable to the recipient? onenote Apr 2023 #12

Oh, thank god Farmer-Rick Apr 2023 #19

I've read the Internal Revenue Service (IRS) has the authority to conduct a criminal investigation ancianita Apr 2023 #18

Gifts up to $16000/yr aren't taxable and donor is responsible for gift taxes under IRS rules wishstar Apr 2023 #4

Also - gifts aren't valued at what they would cost to purchase FBaggins Apr 2023 #7

Gift taxes are paid by the giver, not the recipient FBaggins Apr 2023 #5

Yea. I look at this as bluestarone Apr 2023 #26

Absolutely. RocRizzo55 Apr 2023 #6

And like everyone else, he's not responsible for taxes on gifts he receives. onenote Apr 2023 #11

Up to $16,000 Mysterian Apr 2023 #13

after $16,000 the gift giver pays the tax. There is also a lifetime limit Hamlette Apr 2023 #22

Ooops! My bad Mysterian Apr 2023 #28

Gifts ARE non-income, by definition. Ms. Toad Apr 2023 #33

Right Zeitghost Apr 2023 #34

Right Mysterian Apr 2023 #38

No, my statement is correct. Yours is incorrect. onenote Apr 2023 #25

You're right! Mysterian Apr 2023 #27

I was answering the OP. RocRizzo55 Apr 2023 #14

26 USC 4941 Whatever Whatever Apr 2023 #32

Welcome to DU! KS Toronado Apr 2023 #37

welcome to DU gopiscrap May 2023 #39

Nope. progressoid Apr 2023 #8

There usually is when someone has shady ethics dlk Apr 2023 #9

Which is another reason the republicans are fighting the increase of IRS agents The Jungle 1 Apr 2023 #10

Yup, but if you fail to catch one of their Farmer-Rick Apr 2023 #20

Well what about Ginny's $600k that someone gave her and she dispersed to Proud Boys and used flying_wahini Apr 2023 #16

Yeah, that sounds more like an exchange for services Farmer-Rick Apr 2023 #21

under your theory, if my friend invites me to her house for dinner I'd owe taxes? Hamlette Apr 2023 #23

Clarence Thomas, face a legal penalty? PERISH THE THOUGHT! Paladin Apr 2023 #24

I will not be holding my breath... Chainfire Apr 2023 #29

Not a "gift" but payment for services rendererd. Chainfire Apr 2023 #30

So Thomas wasn't paid for something he did? LiberalFighter Apr 2023 #31

Why no JanLip Apr 2023 #35

This should be a question with a yes or no answer. elocs Apr 2023 #36