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Politics : PRESIDENT GEORGE W. BUSH

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To: Little Joe who wrote (126572)2/11/2001 4:48:56 PM
From: TimbaBear  Read Replies (1) of 769667
 
Also, the donor is primarily responsible for the gift tax not the donee. If the donor doesn't pay the donee can be made to pay.

I think you have that wrong. Gifts are considered income for the person receiving them, and are taxable as such with the exception of the first 10,000 in any year. Gifts which are to charitable organizations as defined by the Tax Code are deductible by the person giving as outlined by that same code.
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