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

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Article #939

#939

From: Jim Sokoloff
Date: Tue, 17 Nov 1998 00:00

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

> Jason Clifford <jason@domgen.com> writes:
> > This is an interesting one. If I send Linus $100 because I think that
> > Linux is great and I just want to give him a sort of 'Thank you', it is a
> > gift and would normally be classed as such for tax purposes.

If it is unrestricted, I'd agree it's a gift. If it's attached to a
note which says, "Please make feature XYZ work correctly on MNO", it
might not be...

> By the way, you have to pay taxes on gifts you receive, don't you?
> Doesn't that mean that you'll also have to pay taxes whenever you
> download emacs?

Under US tax law, most gifts are completely non-taxable to the
recipient. The questions arise of "what is a gift?", particularly when
the "gift" is given by an employer.

But, true gifts are almost always non-taxable to the recipient. If
over $10,000 annually, they have tax implications for the giver. (And
as valuable as emacs is to me, I don't think many would assert that it
has a FMV of > $10,000 :-) )

Suggest misc.taxes.moderated for more.

---Jim

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From: "Jim Sokoloff" <sokoloff@tiac.net>
Subject: Re: Free Software Maintenance Bazaar (was: Publicly funded software development)
Date: 1998/11/17
Message-ID: <m1nlnla9fc3.fsf@fardm2.boston.deshaw.com>
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