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.
Anonymous. Prime of life for a beef cow is 5-10 years so average herd age in a well managed herd should be 7-8 years. When I saw recommendations to cull 'old' cows during last year's drought I felt a better recommendation was to cull cows with teh lowest production.1  or to post comments.e have kept some limo cow to 20 year old an awhile bunch to 18, now ill grant u she mite wean a 400 lb calf, but a few months ago it was worth 750 to 800 dollars. Now she made me 200 to 300.00 dollars maybe more, an she paid for herself 12 to 15 years ago ,so profit per cow is how I do it!!! 1  or to post comments.