silence7@slrpnk.net to Technology@lemmy.worldEnglish · 5 months agoGoFundMe Is a Boon for Disaster Survivors. Especially the Wealthy Ones. Campaigns on the crowdfunding site raised more money for wildfire survivors with high incomes than for those who need help mostwww.nytimes.comexternal-linkmessage-square26fedilinkarrow-up1422arrow-down111
arrow-up1411arrow-down1external-linkGoFundMe Is a Boon for Disaster Survivors. Especially the Wealthy Ones. Campaigns on the crowdfunding site raised more money for wildfire survivors with high incomes than for those who need help mostwww.nytimes.comsilence7@slrpnk.net to Technology@lemmy.worldEnglish · 5 months agomessage-square26fedilink
minus-squareArtyom@lemm.eelinkfedilinkEnglisharrow-up3·5 months agoThat’s not the limit where they tax a gift, that’s the limit for where you have to report a gift. You only pay taxes when your lifetime total goes above 12.92 million. Obviously, almost no one hits that, so gift taxes almost never matter.
That’s not the limit where they tax a gift, that’s the limit for where you have to report a gift. You only pay taxes when your lifetime total goes above 12.92 million. Obviously, almost no one hits that, so gift taxes almost never matter.