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If you pay taxes on winning money if you give some away do they also have to pay taxes?
Wiki User
∙ 14y ago
From IRS.gov Who pays the gift tax? The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
Wiki User
∙ 14y ago
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How do you lower IRS taxes by giving money away?
If you give your money away to a recognized charity, you can deduct the contribution on your income taxes.
Do I have to pay taxes on a money market my mother left me when she passed away in Jan. 2015 if I roll it over into my annuity account?
Do I have to pay taxes on a money market my mother left me when she passed away in jan. 2015 if I roll it over into my annuity account?
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How do you gain money in It Girl on Facebook?
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What will be tomorrow 9 Dec 2012 Ghana lotto monday special winning result?
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Disadvantages about plutocracy?
Since Plutocracy is a government ran by the wealthy, there could be a few disadvantages but also there could be some advantages, also. Disadvantages: Wealthy People running a government can be a bad idea. They could make people pay more money for taxes, and they could make people pay more for cars and anything in stores. Advantages: Wealthy people running a government could also be a good idea. Knowing that wealthy people can cherish their money and not want to give it away, they could higher people to make money for them so that there will be less taxes and more money towards employed people.
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In away yes. The Canadian government put out its money to train its (was soon to be) gold medalists. The USA does not. Tell you a lot about national pride and what economy does to a team.
