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Travis_0004

(5,417 posts)

9. That doesn't sound right

Reply to Sheldon Cooper (Reply #6)

Sat May 11, 2013, 09:12 PM

May 2013

Gifts generally are not taxable. If the amount of a single donation is under 14k, then there is no tax involved.

Even on amounts over 14k, the tax must be paid by the person making the donation, not the person receiving.

So if a lot of people make small donations, then even if the women receive well over 14k, no taxes should be involved.

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Offers pour in to help Cleveland women freed from captivity [View all] bigtree May 2013 OP

Give the money to the women. Let them spend it they boston bean May 2013 #1

Exactly Politicalboi May 2013 #3

Treat them with dignity and respect by giving them control of their money. appacom May 2013 #2

That's great people are helping but Auntie Bush May 2013 #4

Curious as to what the 'overhead' will be for this fund..... alittlelark May 2013 #5

I read in an article that if the money is given directly to the women, Sheldon Cooper May 2013 #6

good info bigtree May 2013 #8

That doesn't sound right Travis_0004 May 2013 #9

+ bigtree May 2013 #10

It might be the issue of having it be tax deductible for the wellstone dem May 2013 #11

Disaster Capitalism at work again. They can't miss an opportunity to take advantage of any sabrina 1 May 2013 #7

nothing goes to managing riverwalker May 2013 #12

only 1000 people so far? C'mon America. riverwalker May 2013 #13