The Ultimate Holiday Gift for the Broker in Your Life
Started by Jerkstore
about 17 years ago
Posts: 474
Member since: Feb 2007
Discussion about
It's amazing, it's incredible! Ronco's new and improved LITTLE BLACK ARROWS! They automatically adhere to any listing! But wait! There's more -- price reductions, that is! Call 1-000-THAT-HURTS. Order yours TODAY!
Jerkstore, we need to check first with Stevejhx on the tax rules for giving gifts. He's the expert.
Its ok, the tax on gifts isn't a percentage of the value of the gift, its a percentage of your taxes. It doesn't decrease the value of your gift, it increases the value of your taxes. In fact when you negotiated your salary, taxes were priced in to the negotiation. Therefore if you even think about taxes, you're double counting. There are like 300 academic papers that support me - its basic kindergarten economics.
just make sure you don't give more than $12k worth of arrows to the same broker per year.