gift for her $200 image
BlaSiaN Ki
What is a good valentines day gift for 200 dollas for a 14 year old girl?
Answer
that really depends on who you are. If you are a close relative, then a savings bond. If you are a friend, then 200 is way too much money for a valentine gift for a 14 year old
that really depends on who you are. If you are a close relative, then a savings bond. If you are a friend, then 200 is way too much money for a valentine gift for a 14 year old
What percentage of the gifted amount is charged as gift tax (see details)?
John McLas
.....what I need somewhere that has a breakdown on how much gift tax I would need to pay for specific amounts so
$100,000 - ?% gift tax
$200,000 - ?% gift tax
I know all about the exemptions of gift tax but will exceed that amount considerably. I just need a vague idea of the amounts you pay?
Also am I still liable for gift tax If I live in the UK and am gifting someone in the US? We don't have gift tax here.
Answer
For 2010 and 2011 the gift tax rate is 35%. This tax is computed on form 709 and is paid by the person or persons making the gift. So the tax would be either $35,000 or $70,000.
For 2010 and 2011 the gift tax rate is 35%. This tax is computed on form 709 and is paid by the person or persons making the gift. So the tax would be either $35,000 or $70,000.
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