Yes, I do understand how silly this post is but I was watching "Sweet 16" on MTV this weekend and one parent stated that we can only spend $300,000 on this party honey and thats not even including the brand new $50,000 car that they bought her and this brat still was not happy.
Do you know what I could do with $350,000? I could purchase a house, a nice car, and live for a couple years just on that money and thats not even including the money I make from working.
I figure it like this to people who have tons and tons of money can you give me $25,000? It will not even dent your wallet.
Your probably wondering what I will do with the money right? Trust me it will not go to waste. I have bills to pay and am in the process of moving.
You can have a tax right off and know that you are a good person helping those who are not as fortunate as yourself.
So will you give me $25,000? You will have a friend for life and make a greatful young woman happy!
Hard work just doesnt pay off!
2007-03-26 09:58:14 · 4 answers · asked by Alaiya C 1 in Business & Finance ➔ Personal Finance
I have been educated on the tax benefits or lack there of if you give me this amount of money. Please read the first answer to my question. Anyone want to give donantions to total out to be $25,000?
2007-03-26 10:18:10 · update #1
No rich person is going to give you $25k all at once. The government taxes all gifts in excess of $10k, so there's no tax incentive to help you out. Instead, ask them for a trust of $30k distributed annually over 3 years. You might get a bite that way.
2007-03-26 10:06:56 · answer #1 · answered by TooMuch 4 · 0⤊ 1⤋
Giving money to an individual is not entitled to any tax write-off. Good try but praying might works!
2007-03-26 10:18:49 · answer #2 · answered by SGElite 7 · 0⤊ 1⤋
good luck it seems people only give money to people who dont need it.wish i could help you but i cant i need help myself.i know hard work doesnt pay off i killed myself on my last job over 6 and a half years and was fired over lies and nobody gives a crap cause it doesnt affect them.
2007-03-26 11:33:19 · answer #3 · answered by dixie58 7 · 0⤊ 0⤋
Good question, when you find this rich person who wont to give money to the government and want give money to help people like us, please let me know because I need just only $20,000.00 and I can pay him/her interest if they want to borrow me the money.
Good Luck.
2007-03-26 10:08:23 · answer #4 · answered by Halo 360 1 · 0⤊ 1⤋