Abraham Lincoln found himself at the head of a government that was divided amongst itself on how to proceed, given that the southern half of the country was teetering on the edge of secession.
I've noticed that employees don't contribute much when the envelope makes its rounds. I'd say their contributions average $3 per person, tops. I don't want to appear cheap to our boss presenting him with a departmental retirement gift of less than $200 (there is 60 people in the department). I want to ask the staff to increase their contribution to $30 per person, so we can give my boss an $1800 gift.
The first $14,000 of the gift is not âtaxable,â but everything above that amount is deemed a âtaxable gift.â For example, if you gave someone $100,000 in one year, you would file a gift tax return the next year showing an annual exclusion gift of $14,000 and a âtaxable giftâ of $86,000.he first $14,000 of the gift is not âtaxable,â but everything above that amount is deemed a âtaxable gift.â For example, if you gave someone $100,000 in one year, you would file a gift tax return the next year showing an annual exclusion gift of $14,000 and a âtaxable giftâ of $86,000.