Hunter Biden's Dong

[Jibartik]

Hey reiwa, I seem to remember you saying bidens taxes were on the level.

https://www.washingtonexaminer.com/n...s-joe-payments

Do you think they pay taxes on all these hundreds of thousands of dollars they all exchange between each other?

When a person gives money or property over 15k a year to someone other than their spouse or dependent, they are required to pay gift tax. This federal excise starts at 18% and can reach up to 40% on certain gift amounts.

Hunter in there says he paid off a 500k amex bill for his sister, that means they ow like 200k in taxes............

Not to mention the like hundrds of thousands they all just exchange through wire transfers (turns out for russian hookers LOL!)

This is real crime???

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Hey reiwa, I seem to remember you saying bidens taxes were on the level.

https://www.washingtonexaminer.com/n...s-joe-payments

Do you think they pay taxes on all these hundreds of thousands of dollars they all exchange between each other?



Hunter in there says he paid off a 500k amex bill for his sister, that means they ow like 200k in taxes............

Not to mention the like hundrds of thousands they all just exchange through wire transfers (turns out for russian hookers LOL!)

This is real crime???

Off the cuff I would say debt relief is not gifts.

But I did not click.

[Jibartik]

what is "wire me money dad plz dad plzzzz"

*buys russian hookers

?

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I bet they claim none of this, I wonder if anyone is gonna come at them with that, because I bet it's a huge issue.

[Horza]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Off the cuff I would say debt relief is not gifts.

But I did not click.

Weird how none of Jib's schizo QAnon spam ever mentions Jared's multi-billion dollar bribe from Prince Bonesaw.

[Jibartik]

yes they do the guy Is literally larping as daminan I have said that like 100 times you just make everything up you say.

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

what is "wire me money dad plz dad plzzzz"

*buys russian hookers

?

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I bet they claim none of this, I wonder if anyone is gonna come at them with that, because I bet it's a huge issue.

Oh it's loans. I'd love to get a loan from a centagenarian.

[Jibartik]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Off the cuff I would say debt relief is not gifts.

But I did not click.

As of 2018, the IRS allows you to give away up to $15,000 per person each year per person without paying taxes on the gifts. If you pay off someone's credit card to the tune of $15,000, it's a nontaxable event. Interest is no longer an issue because you don't have to ask the individual to pay you back. Otherwise, you might have to pay a gift tax on any portion of the money that exceeds the annual $15,000 exclusion. Unless you've given away millions in gifts, though, you can choose not to pay, because the IRS also offers an $11.18 million lifetime exclusion as of 2018.

nice try but why be so quick to assume these guys are on the level just curious what kind of like hope you're clinging to?

[Jibartik]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Oh it's loans. I'd love to get a loan from a centagenarian.

Not loans:

There's no legal limit on how much you can lend to family as long as you have a written agreement and charge the minimum interest rate.

you cant just say "I said I'd pay him back" and it makes it a loan.

If you even do that, you have to pay taxes on BOTH exchanges! If you do pay them back without the agreed upon interest!

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

As of 2018, the IRS allows you to give away up to $15,000 per person each year per person without paying taxes on the gifts. If you pay off someone's credit card to the tune of $15,000, it's a nontaxable event. Interest is no longer an issue because you don't have to ask the individual to pay you back. Otherwise, you might have to pay a gift tax on any portion of the money that exceeds the annual $15,000 exclusion. Unless you've given away millions in gifts, though, you can choose not to pay, because the IRS also offers an $11.18 million lifetime exclusion as of 2018.

nice try but why be so quick to assume these guys are on the level just curious what kind of like hope you're clinging to?

I thought the giftee pays the gift tax and the 15k(it was 14,400 but damn Tromp inflation) is a cap for they/them from every giver.

[Jibartik]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

I thought the giftee pays the gift tax and the 15k(thought it was 14,400 damn Tromp inflation) is a cap for they/them from every giver.

you can exchange 15k without telling the IRS after that, you have to have a loan agrement with interest to avoid taxes.

Im sure there is some other bullshit they use to get around this, or.... maybe they just fail to mention it because it's all about drugs, hookers, and russia:
(In which case they should be under arrest for tax evasion!)

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