Reply #11: gift should not be taxable events [View All]

This is madness. You want to create a world where you give your kid a check for Christmas, and he has to pay taxes on it?

You don't get the gifts just for being rich. You get them for being smart and being able to pass as rich. I've been able to receive thousands -- tens of thousands -- of dollars of gifts over the years from various businesses. Do you think this makes a difference to me on my annual income in the high four figures? You bet it does.

Learn to game the gifts instead of resenting others for getting them just for having the right zip code. Today I received a gift of 10,000 miles from Delta Airlines, worth around $150. Anyone on the internet could have monitored the right sites and gotten the same gift.

Take the test drives and enjoy your gifts. Where is the harm here?

I agree that flat taxes are unfair but hands off taxing the gifts. Sheesh, just imagine -- paying taxes on a rebate from Walgreen's or paying taxes on the rebate on your car!

Gifts are cool. We should have more of a gift economy. Not less.