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Re: HDGabor post# 200971

Wednesday, 07/10/2019 9:19:13 PM

Wednesday, July 10, 2019 9:19:13 PM

Post# of 423945
HD - the way I understand the gift tax is:

I earn $100,000.

The entire $100,000 is taxable.

AFTER I pay taxes on the entire $100,000, I can gift upto $15,000 (per year) without additional taxes.

But it does not reduce my tax burden.
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