4 Things You Want to Know About Gift Tax
By Kat Tretina March 2018
A recurring question each tax season centers on financial gifts; what they are and how they are taxed.
Gifting money, property, or valuables to your friends and loved ones can be complicated if your gift exceeds certain monetary limits. Once your gift has exceeded these limits, it becomes subject to gift tax.
Understanding gift tax can be enormously beneficial to you and the receiver of your gift. Whether you are trying to pass on money or expensive items to a family member or friend, understanding the gift tax can help you save over the long run.
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TNT:
Tishwash: Tamimi reveals a huge surplus in the budget
(Baghdad: al-Furat Nabuz) revealed a member of the Finance Committee of the former parliamentary Majida Tamimi, on Wednesday, a surplus in the financial budget for the first half of this year.
Tamimi said in a press statement by the agency {Euphrates News} that "excess amounts from the budget for the year 2018 amounted to 7.5 trillion dinars in the past six months."
"Revenues from 2004 amounted to 873 billion dollars, of which 863 billion dollars were spent," she said.
On the decision of the Prime Minister to withdraw the hand of the Minister of Electricity Qassim Fahdawi suspended Tamimi, who questioned the minister in the previous parliament that "in 2015, 86 financial violations against the Minister of Electricity."
"The current political parties, if they want to continue to change their approach, there is no people in the world who demands water and electricity as the main demands in a country rich in wealth," she said.
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Notes From The Field By Simon Black
August 1, 2018 Sao Paulo, Brazil
In a world full of reckless and extreme monetary policy, Japan no doubt takes the cake.
The country has total debt of more than ONE QUADRILLION YEN (around $10 trillion) pushing its debt-to-GDP ratio to a whopping 224% - that puts it ahead of financial basket case Greece, whose debt-to-GDP is around 180%.
Japan spent 24.1% of its total revenue (appx. 23.5 trillion yen) last year servicing its debt – both paying down principal and interest. And that percentage has no doubt moved even higher this year.
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8 Success Lessons from Mark Cuban
By Dan Western
Want to hear some of Mark Cuban’s success lessons?
Mark Cuban is an incredibly successful entrepreneur, with an estimated net worth of a whopping $3.3 billion.
His most noticeable venture was ‘Broadcast.com‘, an internet radio company founded in 1995 which was then in the end sold to Yahoo for $5.7 Billion.
Mark then went on to many other investments of his own, and is now the proud owner of the Dallas Mavericks.
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