Updated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.pdated for Tax Year 2014. OVERVIEW. If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.
Confidence votes 25.5K. The average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet. On occasion up to 25 years. Normal would be about 15 years. My wife works on a dairy farm they have at least one cow of 15 years of age that is producing milk, She is milked twice daily.he average life of a cow is up to 20 years if they are kept in good conditions and has a proper diet.
Occasionally a producer will let a cow, particularly one that is a foundation cow, live to old age. How old is old age depends on the cow: some will live until they are 15 to 20 years of age or more. Others may only live until they are 3 to 5 years because they had to be culled for health, temperament or unproductive reasons and sent to slaughter. Hannah Williams.