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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (702506)9/20/2005 12:14:18 AM
From: Peter Dierks  Read Replies (1) | Respond to of 769670
 
LOL. Wrong.

"The change in ownership of the asset is what defines 'income'"

LOL. If I own the comnpany and it earns money and then gives it to me it was only earned one. The fact that I want to give it to someone else is not an income gnerating event.Our current tax law does not allow taxpayers to give money away without treating it as a taxable event except to family members in certain circumstances.


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