My Parents Give Me $28k a Year
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My Parents Give Me $28k a Year
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Re: My Parents Give Me $28k a Year
#2Previous posts of this same article:
https://news.ycombinator.com/item?id=18324359
https://news.ycombinator.com/item?id=18316647
Re: My Parents Give Me $28k a Year
#3> That’s a $22.4 million of unearned income for the children of the rich, whereas the working class get taxed on their first dollar earned.
A person could at least argue that my parents earned the capital they live off of. But me? I didn’t actually earn it.
Re: My Parents Give Me $28k a Year
#4Internal server error (HN hug of death?). Anyone got an alternate link in the meantime?
Re: My Parents Give Me $28k a Year
#5Internal server error (HN hug of death?). Anyone got an alternate link in the meantime?
Here you go: http://archive.is/gBd5I
Re: My Parents Give Me $28k a Year
#6Archive url: http://archive.is/gBd5I
Re: My Parents Give Me $28k a Year
#7[deleted]
Re: My Parents Give Me $28k a Year
#8> I get an annual gift of $28,000, distributed, in my case, in monthly checks mailed to my house for $2000 and $334 (to make it easier to deposit remotely), completely tax free.
Why would this be necessary? The IRS knows this money is being distributed. What difference does it make if it comes as an annual lump sum?
Re: My Parents Give Me $28k a Year
#9> I get an annual gift of $28,000, distributed, in my case, in monthly checks mailed to my house for $2000 and $334 (to make it easier to deposit remotely), completely tax free. Why would this be necessary? The IRS knows this money is being distributed. What difference does it make if it comes as an annual lump sum?
I'm not sure, but I think $2000 is the maximum amount she can deposit as a check using her bank's app. In this case, "remotely" meaning she doesn't have to go to an ATM or bank teller. As for not giving it all in $28k, I don't think this is an IRS issue, but a personal preference of the benefactors.
Re: My Parents Give Me $28k a Year
#10> I get an annual gift of $28,000, distributed, in my case, in monthly checks mailed to my house for $2000 and $334 (to make it easier to deposit remotely), completely tax free. Why would this be necessary? The IRS knows this money is being distributed. What difference does it make if it comes as an annual lump sum?
My guess is that their bank's app places a $2000 limit per check for deposits.