Re: Free Software Maintenance Bazaar (was: Publicly funded software development)

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Article #929

#929

From: Jim Sokoloff
Date: Thu, 19 Nov 1998 00:00

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Axel Boldt <axel@uni-paderborn.de> writes:

> "Jim Sokoloff" <sokoloff@tiac.net> writes:
> 
> > But, true gifts are almost always non-taxable to the recipient. If
> > over $10,000 annually, they have tax implications for the giver.
> 
> Positive or negative ones?

Sorry, negative ones. (Being that I'm not in a position to give anyone
a gift of that amount, I don't know the particular negatives, but I
believe it reduces the amount of tax-exempt estate and there might be
current year implications as well.)

> >(And as valuable as emacs is to me, I don't think many would assert that
> > it has a FMV of > $10,000 :-) )
> 
> Not a single copy, but all the copies downloaded over a year are
> easily worth more than $10,000.

Yes, but the $10,000 "limit" is per "giver-recipient pair". Classic
example is parents giving their married child money for downpayment on
a house. Two parents can give child and child's spouse $40,000 by the
obvious combinations of gifts.

Any amount that I gave FSF or RMS for my copies of Emacs are
independent from any money you gave with respect to the $10,000 gift
tax threshold.

---Jim

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<F0B8I1.475@a2e.de> <907546762snz@vision25.demon.co.uk>  <729n4t$jbe$1@nnrp1.dejanews.com> <72b6c0$16v$8@blue.hex.net>  <xzqlnlc9tgn.fsf_-_@uni-paderborn.de> <72qlmn$n0o$6@blue.hex.net>  <Pine.LNX.3.96.981117090737.21281H-100000@welpc040.domgen.com>  <xzqiuge9jzp.fsf@uni-paderborn.de>  <m1nlnla9fc3.fsf@fardm2.boston.deshaw.com> <xzqhfvy9c06.fsf@uni-paderborn.de>

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From: "Jim Sokoloff" <sokoloff@tiac.net>
Subject: Re: Free Software Maintenance Bazaar (was: Publicly funded software development)
Date: 1998/11/19
Message-ID: <m1n3e7facmt.fsf@fardm2.boston.deshaw.com>
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