Oh, and in other taxable news, prizes are totally taxed, so don't go on The Price Is Right and win a car if you're broke.
This came up on Mayberry RFD when Aunt Bea won a washing machine.
Wait. People? She eats people? 'To Serve Man.' It's 'To Serve Man' all over again.
Gunn ,'Power Play'
Natter 37: Oddly Enough, We've Had This Conversation Before.
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
-t - Jul 27, 2005 7:57:00 am PDT #3240 of 10002
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Sue - Jul 27, 2005 7:57:48 am PDT #3241 of 10002
hip deep in pie
Oh, and in other taxable news, prizes are totally taxed, so don't go on The Price Is Right and win a car if you're broke.
Unless you're Canadian, because Windfalls aren't taxed. But if I won a car on TPIR, I get killed on the duty to bring it into the country.
Steph L. - Jul 27, 2005 7:58:54 am PDT #3242 of 10002
I look more rad than Lutheranism
ETA: Cindy, you do when it comes to credit cards etc.
Only if you're also inheriting anything of value. You're not responsible for someone else's credit card debt, if they die without any estate that they're leaving you. If they're leaving you a house, etc., then there is an estate, and so of course you're responsible for it. If grandma dies leaves nothing + credit card bills, you don't inherit those, unless you have a joint account or something.
Is that absolutely positively for-sure true? Because I'm really afraid of inheriting my Dad's significant debt.
§ ita § - Jul 27, 2005 7:59:40 am PDT #3243 of 10002
Well not canonically, no, but this is transformative fiction.
I think the inheritance having a higher limit is based on the concept of stuff being in the family. It's more naturally yours than a gift, even if it comes from the same person.
tommyrot - Jul 27, 2005 8:00:33 am PDT #3244 of 10002
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.
Because I'm really afraid of inheriting my Dad's significant debt.
There should totally be a TV show about a debt collector who goes to heaven or hell to collect on debt that dead people have left behind.
sarameg - Jul 27, 2005 8:00:39 am PDT #3245 of 10002
Clearly, people just need to stop dying.
I want to know why it has taken over 24 hours for my IT department to do something as simple as push a button. I just need them to restart a job. I can't, because I don't have root permission and they won't give it to me. WHY IS THIS TAKING SO LONG? I rather hate most of our IT department. They are eight kinds of useless.
-t - Jul 27, 2005 8:00:59 am PDT #3246 of 10002
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Are inheritance laws different if you leave yor estate to relatives than if you leave it to non-relatives?
flea - Jul 27, 2005 8:02:18 am PDT #3247 of 10002
information libertarian
If my mother gave me a diamond ring worth $25K - more than the amount of $11K allowed to be gifted tax-free - would I be obligated to pay tax on it? I suppose it would be easy for the government to never know about it if I didn't declare the gift as income on my taxes.
Why doesn't anyone ever give me diamond rings?
Sophia Brooks - Jul 27, 2005 8:03:11 am PDT #3248 of 10002
Cats to become a rabbit should gather immediately now here
Is that absolutely positively for-sure true? Because I'm really afraid of inheriting my Dad's significant debt.
I am curious, too. If I have no heirs, and die, I hope that means no one inherits MY debt.
Kathy A - Jul 27, 2005 8:03:21 am PDT #3249 of 10002
We're very stretchy. - Connie Neil
The local radio station occasionally plays their "small print" addendum to their prize package list; after they mention that all prizes valued over $600 (I think) are subject to tax, they say, "Don't forget--Uncle Sam knows who you are, and where you live."