Tax silliness (fwd)

[Jim Choate]

Forwarded message:

> Date: Tue, 8 Sep 1998 19:04:02 -0700
> From: Tim May <tcmay at got.net>
> Subject: Re: Tax silliness

> not issued a royal decree absolving the perpetrator of taxes, they could
> have collected taxes on the guy who got the ball and then taxes on the guy
> who had the ball given to him. Through the miracle of multiple taxation,
> the IRS gets it all....)

That isn't accurate. The tax was a 'gift tax' and the ONLY person required
to pay tax on it is the person GIVING the gift.

Had you actualy read the announcement by the IRS it states very clearly that
the reciever is NOT responsible for any taxes.


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