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In response to
"
whatever they felt like.. I don't *need* money, but it's always nice to get some. how much until you pay taxes as a gift? -- nm
"
by
colin
13,000 is tax free - anything above that is subject to a gift tax (rate is 40%).. You would be better off creating a corporation and hiring everyone
Posted by
decline (aka Decline)
Mar 25 '13, 07:07
and having them pay taxes on the money.
Responses:
(actually, $14,000 for 2013) -- nm
-
decline
Mar 25, 07:15
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