Dick Tuck
Board Troll
- Aug 29, 2009
- 8,511
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- Thread starter
- #21
LOL! The money Obama gives to his daughters has already been taxed - that's not a "tax shelter"
So his daughters did not pay income tax on that income.
Final answer?
They did not. Have you ever paid taxes on any cash gifts you've received?
Usually the donor is responsible for the gift tax. The donee would only be responsible if the gift were made in form of a check.
Full-Auto doesn't know his ass from a hole in the ground regarding gifts made with after tax dollars.