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.
Married couples who elect to split their gifts for the calendar year can give up to $28,000 a year. This means your parents could combine their annual limit and give each of their children or grandchildren up to $28,000 during this 2016 holiday seasonâand none of you would have to pay taxes or even report the gift.