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1 of 1- Tarnation
- Administrator
Offline - From: Upstream where water's clean
- Registered: 1/29/2015
- Posts: 1,241
A gift horse spitting in your mouth
I knew that would get your attention!
So, tonight I'm a fly on the wall at the United Way of York County Campaign Celebration, watching the "lucky" donors whittle down to the final two, one of whom will receive a $30,000.00+ loaded up Harley and the other who will receive a $3000.00 travel voucher from AAA.
There are two finalists. I know one of them....Lynn Henry, one of sons of Spring Grove area schoolteacher who lived past her 101st birthday, who followed in his mother's footsteps and taught in the Dallastown Schools for a long time before retiremen. And, by his admission, has been a United Way donor for many, many years.
He's asked, "what are you hoping for?" "NOT the Harley".
So guess what---who wins the Harley? The retiree who doesn't really want or need it.
NOW PONDER THIS:
Harley Davidson gets a $30,000.00+ tax write off for their in-kind donation to the United Way.
Lynn Henry--who doesn't want a Harley--gets a bike and a $10,000.00+ tax bill for "miscellaneous income".
THAT SUCKING SOUND YOU HEAR IS NOT OF TRUMP DRAINING THE SWAMP.
Life is an Orthros.
- flowergirl
- Exchanger
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- Registered: 2/03/2015
- Posts: 1,840
Re: A gift horse spitting in your mouth
Could he have just refused the motorcycle? There is no law forcing someone to accept a "gift" that I am aware of. It sounds like he's up in years and not able to ride on a motorcycle so why accept it? I know I never would have and would have suggested they return the damn thing back to Harley.
- Tarnation
- Administrator
Offline
- From: Upstream where water's clean
- Registered: 1/29/2015
- Posts: 1,241
Re: A gift horse spitting in your mouth
Good question.
I'm neither a CPA nor a tax attorney, so ti sounds reasonable enough to me.
My limited knowledge of business law from 3+ decades ago is that a gift must be accepted and tendered in order to be a "gift" for tax purposes.
But I wouldn't want to bet my $0.02 against a potential $10,000.00+ tax bill!
Life is an Orthros.
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