It would be a shame if one of y'all reported Joe to the IRS for the free money he gets from Anthony....

0  2019-04-06 by dickfartssssss

6 comments

I’m curious, does gifted money have to be reported?

There's a lifetime exemption of about $5.5 million. So when you hear faggots complain about an estate tax it means they're getting more than that.

Huh? Say my father, God forbid, passed away and left me 6 million dollars, in the US I have to pay inheritance tax?

They don't. Unless they're informed.

Not by the recipient, no.

This gets brought up every so often on this sub and while it’s admirable that you guys want to get Joe in trouble, he’s not liable for any taxes on the money he gets from Anthony. Gifts aren’t taxable to the recipient in the US.

Gifts? Are you talking about the fee Anthony pays him for creating O and A?

Huh? Say my father, God forbid, passed away and left me 6 million dollars, in the US I have to pay inheritance tax?