Quote:
|
Originally Posted by rebound
If so, it'd almost make one want to refuse the gift, seeing as mostly people with lower income receive them. They are in a particularly poor position to pay those taxes.
|
Let's put it this way, if you won a gift of $100,000, and have to pay taxes of $40,000, and you refused the gift, you would have thrown $60,000 away. I would gladly accept it, sell it and pay the taxes
