Ice Cream Jonsey wrote:We are taking PLEDGES from now until the actual start of the raiser. For tax purposes, if anyone sends us here at JC corp ahead of time I'll refund it. The PLEDGES are not pledges of money, but PLEDGES of BEHAVIOR. The idea is, you are pledging what will or will not happen.
I was considering pledging being an insufferable prick but unfortunately Pinback has completely usurped that position.
I know a few things about taxes because I wanted to structure things so if I ever got into a large amount of money I could legally avoid taxes to the maximum extent possible.
First of all, any time someone gives you something, in which nothing is exchanged for that gift, no work, no action, nothing but appreciation, that gift is not taxable to you.
If someone gives you more than $14,000 in any year they are required to report it for the purposes of gift tax, but the payer of the gift is normally liable for the tax, and anything above the limit counts toward their lifetime gift tax exclusion, which means someone who gives more than $14,000 to anyone in one year is not liable until they have given gifts during their lifetime that exceeded the limit by $5.3 million.
So, simply, gifts given to you in which the other expects nothing in return are not taxable to you (with exceptions not relevant to you.)
Two things. 1. If it helps to save you a little money for the cost of shadow domain registration - and it works perfectly since I have no idea where you are - you're authorized to use my address here in Maryland as your address for this or any other BBS, and if I get mail addressed to it I would scan it and e-mail it to you. You can use your name or the BBS name or even my corporation's name, as the nominee for registration purposes.
2. If it can help I'll offer $25 to cover the cost of two domain registrations. I can give you he number of a prepaid Visa Debit card I was given as a Christmas present that I haven't even opened.
Other than that if there is something that is within my power to do I'm willing to try. Or some other pledge.
[quote="Ice Cream Jonsey"]We are taking PLEDGES from now until the actual start of the raiser. For tax purposes, if anyone sends us here at JC corp ahead of time I'll refund it. The PLEDGES are not pledges of money, but PLEDGES of BEHAVIOR. The idea is, you are pledging what will or will not happen.[/quote]
I was considering pledging being an insufferable prick but unfortunately Pinback has completely usurped that position.
I know a few things about taxes because I wanted to structure things so if I ever got into a large amount of money I could legally avoid taxes to the maximum extent possible.
First of all, any time someone gives you something, in which nothing is exchanged for that gift, no work, no action, nothing but appreciation, that gift is not taxable to you.
If someone gives you more than $14,000 in any year they are required to report it for the purposes of gift tax, but the payer of the gift is normally liable for the tax, and anything above the limit counts toward their lifetime gift tax exclusion, which means someone who gives more than $14,000 to anyone in one year is not liable until they have given gifts during their lifetime that exceeded the limit by $5.3 million.
So, simply, gifts given to you in which the other expects nothing in return are not taxable to you (with exceptions not relevant to you.)
Two things. 1. If it helps to save you a little money for the cost of shadow domain registration - and it works perfectly since I have no idea where you are - you're authorized to use my address here in Maryland as your address for this or any other BBS, and if I get mail addressed to it I would scan it and e-mail it to you. You can use your name or the BBS name or even my corporation's name, as the nominee for registration purposes.
2. If it can help I'll offer $25 to cover the cost of two domain registrations. I can give you he number of a prepaid Visa Debit card I was given as a Christmas present that I haven't even opened.
Other than that if there is something that is within my power to do I'm willing to try. Or some other pledge.