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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (519689)10/10/2009 10:41:46 AM
From: i-node  Read Replies (1) | Respond to of 1574685
 
I'm not sure where anyone got the idea the prize is not taxable.

I wonder if bentway's that confused about the taxability of his own income.



To: Jim McMannis who wrote (519689)10/10/2009 10:43:47 AM
From: longnshort  Read Replies (1) | Respond to of 1574685
 
"2.You are not required to perform substantial future services as a condition for receiving the prize or award."

looks like Obama will owe 100% tax on it



To: Jim McMannis who wrote (519689)10/10/2009 10:47:52 AM
From: Alighieri  Read Replies (2) | Respond to of 1574685
 
3.The prize or award is transferred by the payer directly to a governmental unit or tax-exempt charitable organization as designated by you. The following conditions apply to the transfer.

I have read that Obama will donate the prize to charity...

Al


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