You can give up to $10,000

[Crickett]

..to anyone in a calendar year, and they are NOT liable for any federal income tax on such a gift. This is because you have already paid the taxes on such a gift. They, of course, can do whatever they want with their now tax free money.
..just letting you know the law....

[newyearsrevolution08]

not for presidential campaigns though?????? Are you sure about that NOT just being for regular earnings and donations......


pretty sure ron paul would have said something as well as have a nice 10k donate option on the site instead of the $2300.

by all means school the nation if you are correct but if NOT please double check things before tossing things like this out there that could get people in trouble.

[billjarrett]

So would that be a way around McCain Feingold? Even if you had to pay taxes..

For example, could one of Hillarys good friends give her a gift of a million dollars because they think so highly of her, then once the taxes are paid could she give the remainder to her political campaign?

Just wondering.

[sratiug]

So would that be a way around McCain Feingold? Even if you had to pay taxes..

For example, could one of Hillarys good friends give her a gift of a million dollars because they think so highly of her, then once the taxes are paid could she give the remainder to her political campaign?

Just wondering.

I think what cricket was getting at was that you could give money to a broke Ron Paul supporter and they could donate it.

[AlbemarleNC0003]

I think what cricket was getting at was that you could give money to a broke Ron Paul supporter and they could donate it.

Hsu is going to jail doing the same thing for Hillary.