Does dowry count as a normal gift for taxation purposes?
Underwear question: Slate says jockstraps aren't in vogue anymore. True or false?
My whole life just flashed before my eyes! I gotta get me a life!
Xander ,'Dirty Girls'
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.
§ ita § - Jul 27, 2005 8:55:13 am PDT #3280 of 10002
Well not canonically, no, but this is transformative fiction.
-t - Jul 27, 2005 8:55:20 am PDT #3281 of 10002
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Does life insurance count as part of one's estate?
Wolfram - Jul 27, 2005 8:56:41 am PDT #3282 of 10002
Visilurking
Does life insurance count as part of one's estate?
Hell no. And I believe it's tax free.
amych - Jul 27, 2005 8:57:05 am PDT #3283 of 10002
Now let us crush something soft and watch it fountain blood. That is a girlish thing to want to do, yes?
Slate says jockstraps aren't in vogue anymore.
Wait, they were a fashion item? Like, ever?
§ ita § - Jul 27, 2005 8:59:38 am PDT #3284 of 10002
Well not canonically, no, but this is transformative fiction.
Wait, they were a fashion item? Like, ever?
In vogue, as in popular, not in vogue as in in Vogue.
Nutty - Jul 27, 2005 8:59:49 am PDT #3285 of 10002
"Mister Spock is on his fanny, sir. Reports heavy damage."
Fascinating discussion of taxes. I'm not too gentle in my mind on people who get huge assets dropped in their laps, because assets are assets. If you own a wingding worth $10, even if you never, ever, ever intend to sell it, it's still $10 sitting around your house disguised as a wingding. The law is not designed to let you keep your grandma's beloved wingding no matter how valuable, because the law has no idea whether you actually love it or would sell it for crack at the first opportunity.
Also, I am all for rich people giving money to the poor, via government or another method. Call it The Other Trickle-Down Theory, the one that is not actually stone cold banditry.
§ ita § - Jul 27, 2005 9:00:39 am PDT #3286 of 10002
Well not canonically, no, but this is transformative fiction.
The law is not designed to let you keep your grandma's beloved wingding no matter how valuable, because the law has no idea whether you actually love it or would sell it for crack at the first opportunity.
Then why not tax it when you sell it for crack? Then you can be sure.
Nutty - Jul 27, 2005 9:03:11 am PDT #3287 of 10002
"Mister Spock is on his fanny, sir. Reports heavy damage."
Sadly, crack transactions are not taxed, due to their not happening in licensed establishments of business. Although watching crack-fiends try to calculate sales tax in their heads might be entertaining.
Next up: fair use laws for whoring.
bon bon - Jul 27, 2005 9:03:19 am PDT #3288 of 10002
It's five thousand for kissing, ten thousand for snuggling... End of list.
So, bon, how do the tax laws apply to Teppy's primal fear of inheriting her father's debt?
Don't think they apply, and then it gets a little out of stuff I know. But AFAIK, what Cindy is saying is right: creditors get a crack at the decedent's assets before you do. If the deceased has no assets, I don't think you become liable for the debt.
Does dowry count as a normal gift for taxation purposes?
There are some exemptions for gifts from one spouse to another, but otherwise, yeah.
§ ita § - Jul 27, 2005 9:05:01 am PDT #3289 of 10002
Well not canonically, no, but this is transformative fiction.
Sadly, crack transactions are not taxed, due to their not happening in licensed establishments of business
Ah -- bartering for crack. I couldn't see what it mattered what you spent the money on, but I get it now.