4 ms·
From reading the article, I think the point is that these kids aren't actually supporting themselves, they're just made to seem that way on paper.
by dmoy 7y ago
From reading the article, I think the point is that these kids aren't actually supporting themselves, they're just made to seem that way on paper.
- martin8412 7y agoSurely their income from their parents is taxable at normal income tax level then?
- ohyeshedid 7y agoOnly if they give/receive more than 11.1 million over the course of their lifetime.
- dmoy 7y agoAnd that, only the amount over $30k/yr for a couple gifting their child.
- jkdufair 7y agoAlas there are some pretty generous tax breaks on gifts.