Income can be shifted to children, but there are a number of regulations that need to be taken into consideration beforehand. Shifting income to minors can be done as an untaxed âgiftâ so long as the full amount is less than $850 in total. If the gift is between $850 and $1000, the tax rate is 15 percent.
Thanksgiving (United States) Thanksgiving, or Thanksgiving Day, is an important public holiday, celebrated on the fourth Thursday in November in the United States. It originated as a harvest festival. Thanksgiving has been celebrated nationally on and off since 1789, after a proclamation by George Washington.
In 1621, the Plymouth colonists and Wampanoag Indians shared an autumn harvest feast that is acknowledged today as one of the first Thanksgiving celebrations in the colonies. For more than two centuries, days of thanksgiving were celebrated by individual colonies and states. It wasnât until 1863, in the midst of the Civil War, that President Abraham Lincoln proclaimed a national Thanksgiving Day to be held each November.