Okay, I'm apparently not seeing what you're seeing. I don't think it means someone rich gave a gift to the Treasury. I think it means someone rich gave a very large gift to someone (relative, friend, etc.) and thus had to pay taxes on this gift. This is a way to prevent someone from giving money to someone else with the intention of avoiding/lowering their own taxes.
I was going by the title: US Treasure reveals it received a $7B tax payment (in estate and gift taxes).
If you give someone a gift over a certain amount of money, you have to pay taxes on it.
The article implies that it could have been a gift to the TREASURY. Have you ever heard of such a thing?
Okay, I'm apparently not seeing what you're seeing. I don't think it means someone rich gave a gift to the Treasury. I think it means someone rich gave a very large gift to someone (relative, friend, etc.) and thus had to pay taxes on this gift. This is a way to prevent someone from giving money to someone else with the intention of avoiding/lowering their own taxes.
ohhhh gotcha. At least that makes sense. Weird article, eh?
Yeah. Whatever possessed them to go digging in tax records to find this in the first place??