RE: Buy Dan a New Motor Fund

["Bob D'Amato" <Bob.Damato@snetel.com>]

On Tue, 7 May 1996, A. D. Morris wrote:
> As Mr. Myers noted, "A gift is a gift is a gift."  Unka Sam doesn't care untill you 
> *individually* exceed $10,000 *annually* to Dan.  (And if you give Dan that much I am 
> sure he will pay the taxes).  Remember, this is a gift, *NOT* payment for goods or 
> services.
> 

$10,000 isnt taxable unless its one lump sum by one person. Now dont get 
me wrong, Im donating, and I like Dan a lot... I even still owe him a 
dinner, but Dan, dont expect $10k from me!  ;^)

Bob




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