[Bolded due to apparent general obscurity of the following ...]
There's MUCH more to this situation than most people seem to realize.
There is a second exemption that is also always in play. It's called "lifetime (estate and) gift tax exemption". Short version (from Charles Schwab) is:
"The IRS allows a lifetime tax exemption on gifts and estates, up to a certain limit, which is adjusted yearly to keep pace with inflation. For 2021, an individual's combined lifetime exemption from federal gift or estate taxes is $11.7 million. If married, the joint exemption is $23.4 million."
Why attack someone for pointing out the truth? Regardless of anyone's feelings about it or the morality of it, the IRS would absolutely consider this a tip even if it was called a gift.
The very REASON [they] are pushing for a cashless society is because they cannot track cash transactions on a private level, one of which is cash "tipping" or "gift" in this instance. IRS codes aside, I can tip 100k if I felt like it and IRS cant do jack shit because there's no way to track it and THAT pisses them off.
If that were the case, employees would work for free and their employers could give them "gifts," so their income could not be taxed. The IRS would see things differently.
The IRS came after my business partner for transactions marked as gifts that they considered a form of "tax evasion" because they didn't think it was a gift ... while it is unlikely they would do this over $20 ..
... it's shitty you're getting ratio'd just because people think "a gift is a gift" so surely you can't be right.... when you are exactly correct. And not indicating in ANY way that you actually agree such shittyness.
The number of people who downvote just because they don't like the sound of something or think you're saying something you're not or you're thinking something you're not ... has dramatically increased here over the last few months.
People are getting ansty for this nightmare to end. Can't blame em for that. Questioning why someone is getting downvotes is GREAT way to get more downvotes so maybe I'm about to get ratio'd too...
I'm just saying I appreciate your comment. Any information we have on how the IRS will fuck you is good for people who aren't awake to the evil of the IRS ... not that there's a ton of people here like that - but there are a few.
Comms suggest that, unfortunately, the Libertarian party was created by Clowns solely to divert votes from Republicans.
This was symbolized by All In The Family's cousin Maude.
"The story of All In The Family is that of humiliating Archie Bunker a caricature of a republican intended to, well, make Republicans look like racist, sexist, evil, idiots.
In this episode Archie Bunker feuds with Bea Arthur principally over politics. Whether Nixon or FDR is better. His arguments are typically sexist as you see here. Keeping the wife at home being Nixon’s greatest achievement.
She sits in his chair and refuses to get out.
Sit in his “Republican” chair – and the symbolism of Be Arthur becomes clear. A woman that looks like a man. As in something that looks Republican but is in fact Democrat.
12/11/1971 Cousin Maude’s Visit: All in the family Ranked 9th best episode in all of TV history.
12/11/1971 Libertarian Party Launched.
This was the marker for the libertarian op, trying to weaken the Nixon vote as he won 49/50 states."
All outside the main parties are there to make the vote fraud easier. Who would notice if they steal from the green or libertarian with no chance to win?
Believe or not, I have been able to red pill some democrats by suggesting that political parties are the root of all the issues in our country and we need to remove everything about parties when we vote.
David Nolan and some others founded the Libertarian Party, in response to Richard Nixon's bullshit.
They were not clowns.
However, Bob Barr would later infiltrate, and I do believe they did their best to destroy from within.
P.S. Nixon was hand-picked by Prescott Bush, 41's father and 43's grandfather, and one of the few people in history who had assets confiscated by the government under the Trading with the Enemies Act, when his bank was used to fund Hitler while the US was at war with Germany.
Prescott's father, Samuel, was a Rockefeller stooge (worked directly for John D's brother, Frank) and was also involved in shipping military weapons to Germany during WWI. The Bush family's corruption started with Samuel, and Nixon was part of their criminal mafia.
Nixon unconstituationally ended the gold standard, and generally, was a piece of shit.
Rule of thumb: If the MSM fucking destroys you, you are not in the Clown's favor. Is it possible for someone Clown affiliated to become an ex-Clown? Ask Michael Jackson. Ask JFK. Ask DJT.
Hillary is the name of the name of the man who climbed and claimed the highest mountain in the world https://en.wikipedia.org/wiki/Edmund_Hillary in Mount Everest. Symbolism for getting to the top of the world, hence why she was there as she got to the top of the world in Nixon.
Nobody destroyed Nixon, if that is what you are saying. He was just part of the show, and did what he was told.
The Watergate scandal had to do with a Washington, DC prostitution ring, and many members of Congress and bureaucrats were involved.
They had to push everything under the rug to make it go away. That's why Nixon resigned -- they couldn't let the "investigation" continue much longer, which would have happened if he stayed in office.
There was some old video footage of Nixon just moments before he was to go on national TV to announce his resignation. He was laughing and joking with the people in the room, and then when they told him they were about to go live, he put a serious look on his face, and then ... "3 ... 2... 1... My fellow Americans ..." Nothing more than a made-for-TV production.
Ford was put in because he was a trusted criminal, having been the one on the Warren Commission who had the JFK photos doctored to make it look like all shots came from the rear. His assistant, Arlen Spector, pushed the "Magic Bullet Theory" (probably a CIA creation and not something Spector came up with himself). Both Ford and Spector had nice, cushy government jobs doing nothing after the Warren Commission.
P.S. Nixon was hand-picked by Prescott Bush, 41's father and 43's grandfather, and one of the few people in history who had assets confiscated by the government under the Trading with the Enemies Act, when his bank was used to fund Hitler while the US was at war with Germany.
I'm going with 'the government did that because they hate competition.'
Thank you for your insight! I never thought of this. I just assume the reporting of cash tips is under reported, so I try to leave cash tips ever since waitresses at our favorite Chines restaurant said that the owners took a cut of their credit card tips! I will definitely leave a note with my tips in the future!
I see the point of this as dropping the thought of not following the herd into the mind of someone who could easily never have been exposed to thinking out of the box our government has built and programmed and led the sheep into.
Love this idea but as with most everything there are unintended consequences. If a server does not report income they don’t have the documented income to qualify for a home loan.
Great idea but unfortunately a lot of bars and restaurants declare and report for the servers based on their total sales, regardless if they're tipped or not.
Can it be directed to a specific party so they aren’t forced to divy out as most restaurants do now? I remember the day when you tipped according to how well someone did and they got it all, it wasn’t shared or put in a pot to be divided.
Not all heroes wear capes.
based
The current limit is $15,000 (not 14k).
=)
[Bolded due to apparent general obscurity of the following ...]
There's MUCH more to this situation than most people seem to realize.
There is a second exemption that is also always in play. It's called "lifetime (estate and) gift tax exemption". Short version (from Charles Schwab) is:
"The IRS allows a lifetime tax exemption on gifts and estates, up to a certain limit, which is adjusted yearly to keep pace with inflation. For 2021, an individual's combined lifetime exemption from federal gift or estate taxes is $11.7 million. If married, the joint exemption is $23.4 million."
That's it in a nutshell. HTH. 😊🤗
Same movie and lines running through my head as I read that response.
Date on receipt 2018.
Man or Woman of Genius. That is awesome.
I’m no fan if the IRS, but just because someone writes a note that it’s a gift, doesn’t mean it would actually qualify as a gift to the IRS.
They would 100% view this as income for a service provided if they ever found out about it.
Get fucked.
Sounds like another great reason to disband the IRS
Why attack someone for pointing out the truth? Regardless of anyone's feelings about it or the morality of it, the IRS would absolutely consider this a tip even if it was called a gift.
Nobody cares what they think or how they may consider it.
To suggest it matters is a cunt move and will be treated as such by me. Stop caring....it only gives them power.
Bullshit.
The very REASON [they] are pushing for a cashless society is because they cannot track cash transactions on a private level, one of which is cash "tipping" or "gift" in this instance. IRS codes aside, I can tip 100k if I felt like it and IRS cant do jack shit because there's no way to track it and THAT pisses them off.
If it’s a gift, it’s a gift. Period.
If that were the case, employees would work for free and their employers could give them "gifts," so their income could not be taxed. The IRS would see things differently.
True but would be a good argument. But cash is also hard to track.
The IRS came after my business partner for transactions marked as gifts that they considered a form of "tax evasion" because they didn't think it was a gift ... while it is unlikely they would do this over $20 ..
... it's shitty you're getting ratio'd just because people think "a gift is a gift" so surely you can't be right.... when you are exactly correct. And not indicating in ANY way that you actually agree such shittyness.
The number of people who downvote just because they don't like the sound of something or think you're saying something you're not or you're thinking something you're not ... has dramatically increased here over the last few months.
People are getting ansty for this nightmare to end. Can't blame em for that. Questioning why someone is getting downvotes is GREAT way to get more downvotes so maybe I'm about to get ratio'd too...
I'm just saying I appreciate your comment. Any information we have on how the IRS will fuck you is good for people who aren't awake to the evil of the IRS ... not that there's a ton of people here like that - but there are a few.
Yes I agree with everything you said. And yes, people usually blame the messenger on this board.
I am not saying I agree with it, I’m just pointing out the reality of the IRS and tax law interpretation.
I second this!! Fantastic idea! Let's all start doing this!
Yes! Cash tips! Also, an alternative to gifting by card, would be to "gift" through one of the left's laundering apps, like PayPal! 😎
I’m guessing it’s a dude since his full name is printed under the signature.
Comms suggest that, unfortunately, the Libertarian party was created by Clowns solely to divert votes from Republicans.
This was symbolized by All In The Family's cousin Maude.
"The story of All In The Family is that of humiliating Archie Bunker a caricature of a republican intended to, well, make Republicans look like racist, sexist, evil, idiots.
In this episode Archie Bunker feuds with Bea Arthur principally over politics. Whether Nixon or FDR is better. His arguments are typically sexist as you see here. Keeping the wife at home being Nixon’s greatest achievement.
She sits in his chair and refuses to get out.
Sit in his “Republican” chair – and the symbolism of Be Arthur becomes clear. A woman that looks like a man. As in something that looks Republican but is in fact Democrat.
12/11/1971 Cousin Maude’s Visit: All in the family Ranked 9th best episode in all of TV history.
12/11/1971 Libertarian Party Launched.
This was the marker for the libertarian op, trying to weaken the Nixon vote as he won 49/50 states."
https://decodingsymbols.wordpress.com/2022/07/17/recent-celebrity-deaths-as-they-relate-to-a-foreign-flying-fox-discussed-by-a-remote-control-dolphin/#Allinthefamily
Even at age 15, I instinctively hated that old bag.
Correct. They keep running cartoon characters as presidential candidates to steal a few votes here and there.
Clearly they are not serious about actually winning or improving their status.
I was red pilled about the Libertarian party when they endorsed BLM: https://nationalfile.com/libertarian-party-presidential-nominee-endorses-black-lives-matter-then-says-she-only-endorses-concept-not-group/
You think Ron Paul was a cartoon character?
Ron Paul became a Republican when he realized the Libertarian Party was not in a position to win realistically.
Which seems to be the trend.
All outside the main parties are there to make the vote fraud easier. Who would notice if they steal from the green or libertarian with no chance to win?
And they reinforce the (terrible) idea that the two-party system is the best way to do things here.
Believe or not, I have been able to red pill some democrats by suggesting that political parties are the root of all the issues in our country and we need to remove everything about parties when we vote.
David Nolan and some others founded the Libertarian Party, in response to Richard Nixon's bullshit.
They were not clowns.
However, Bob Barr would later infiltrate, and I do believe they did their best to destroy from within.
P.S. Nixon was hand-picked by Prescott Bush, 41's father and 43's grandfather, and one of the few people in history who had assets confiscated by the government under the Trading with the Enemies Act, when his bank was used to fund Hitler while the US was at war with Germany.
Prescott's father, Samuel, was a Rockefeller stooge (worked directly for John D's brother, Frank) and was also involved in shipping military weapons to Germany during WWI. The Bush family's corruption started with Samuel, and Nixon was part of their criminal mafia.
Nixon unconstituationally ended the gold standard, and generally, was a piece of shit.
Rule of thumb: If the MSM fucking destroys you, you are not in the Clown's favor. Is it possible for someone Clown affiliated to become an ex-Clown? Ask Michael Jackson. Ask JFK. Ask DJT.
"10/11/1975 – HRC and Bill wedding 17 people Including HRC and Bill https://www.theknot.com/content/hillary-and-bill-clinton-wedding-story https://www.brides.com/story/tbt-hillary-clinton-wedding-photos.
What was special about this 1975 union? HRC was a key person that rigged the 1974 impeachment against Nixon.
Hillary Rodham’s 1974 Watergate “Procedures were Ethically Flawed” https://freerepublic.com/focus/news/925684/posts.
Hillary is the name of the name of the man who climbed and claimed the highest mountain in the world https://en.wikipedia.org/wiki/Edmund_Hillary in Mount Everest. Symbolism for getting to the top of the world, hence why she was there as she got to the top of the world in Nixon.
She even asserted she was named after him. https://nypost.com/2015/11/28/hillary-clintons-million-little-lies/ even tho that would be impossible since she was born before it happened. (Meaning she was used for her name as a comm at the time)"
https://decodingsymbols.wordpress.com/2021/06/01/hiring-clowns-nuclear-marriage-red-cia-and-pop-culture/
Nobody destroyed Nixon, if that is what you are saying. He was just part of the show, and did what he was told.
The Watergate scandal had to do with a Washington, DC prostitution ring, and many members of Congress and bureaucrats were involved.
They had to push everything under the rug to make it go away. That's why Nixon resigned -- they couldn't let the "investigation" continue much longer, which would have happened if he stayed in office.
There was some old video footage of Nixon just moments before he was to go on national TV to announce his resignation. He was laughing and joking with the people in the room, and then when they told him they were about to go live, he put a serious look on his face, and then ... "3 ... 2... 1... My fellow Americans ..." Nothing more than a made-for-TV production.
Ford was put in because he was a trusted criminal, having been the one on the Warren Commission who had the JFK photos doctored to make it look like all shots came from the rear. His assistant, Arlen Spector, pushed the "Magic Bullet Theory" (probably a CIA creation and not something Spector came up with himself). Both Ford and Spector had nice, cushy government jobs doing nothing after the Warren Commission.
I'm going with 'the government did that because they hate competition.'
Thank you for your insight! I never thought of this. I just assume the reporting of cash tips is under reported, so I try to leave cash tips ever since waitresses at our favorite Chines restaurant said that the owners took a cut of their credit card tips! I will definitely leave a note with my tips in the future!
I never report my cash tips anyways. I just use them on gas and silver
You should expand on that idea.
True, but it is not an explanation of what CB said.
Ha, like they were going to report it anyways.
True. But a lot of restaurants force them to
If it's money off the table the establishment has no idea it was there. I briefly worked as a server and I lied everyday.
Clever, although a simple cash tip will also do the trick. Most people have bad memories and forget to record them.
IRS incoming!!!
I may need to start using this immedtiately
Or just tip cash anyway. It's not on record, so nobody knows who got what. Always tip cash folks.
If it's a cash tip, the IRS won't know about it anyways, as long as you don't report it.
Also use cash for the bill.
Why give the bank an extra 3%?
I love this!
This reminds me of the Shawshank scene where Andy makes a deal with Captain Hadley.
Also a cash tip goes in their pocket now, a credit or debit card tip gets added to their next paycheck, a smaller 2nd reason I always tip cash.
Your breakfast preferences are epic. Now I’m starving. Add bacon.
Hey Juan that weirdo left me a $20 tip!
I see the point of this as dropping the thought of not following the herd into the mind of someone who could easily never have been exposed to thinking out of the box our government has built and programmed and led the sheep into.
Fantastic idea!!!
Love this idea but as with most everything there are unintended consequences. If a server does not report income they don’t have the documented income to qualify for a home loan.
Awesome idea though!
Usury is a scam used to control us. I wonder who it was created by...
I need to make gift cards to attach to my “gifts”.
Great idea but unfortunately a lot of bars and restaurants declare and report for the servers based on their total sales, regardless if they're tipped or not.
Can it be directed to a specific party so they aren’t forced to divy out as most restaurants do now? I remember the day when you tipped according to how well someone did and they got it all, it wasn’t shared or put in a pot to be divided.
Wow, twenty bucks on a $30 tab. Big spender.
Maybe it’s female Unicorn milk?
Most gracious, and effective.
I'm a little hard right now
Jon b watts walking the walk!
This is the mother fucking way.
Cue Forrest Gump: "And just like that, the gift exemption totally disappeared."