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Started By
Message
re: Brady gives Superbowl truck to Butler
Posted on 2/3/15 at 10:48 am to lsupride87
Posted on 2/3/15 at 10:48 am to lsupride87
quote:
Brady pays the taxes buddy. Gift tax my man.
Are you sure? I thought the reciever pays the gift tax, not the giver.
2
Posted on 2/3/15 at 10:50 am to trackfan
Giver pays the Gift Tax. Technically, the giver could just give the receiver the item at a discount, and the receiver would then pay it as straight income on the fair market value.
Posted on 2/3/15 at 10:51 am to trackfan
quote:Nope.
Are you sure? I thought the reciever pays the gift tax, not the giver.
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