From: Lisa Date: Fri, 04 Nov 2005 Do we have to pay taxes on a gift of $100,000 from my parents for our first home? Do my parents have to pay tax on it? Answer Date: Mon, 07 Nov 2005 Hello Lisa, Gifts from family members aren't taxable income for income tax reporting.There is a federal gift tax system. Gifts of cash exceeding $11,000 per donor, per donee, per year are exempt from gift tax. For example, your parents can give a total of $44,000 to you and your spouse in one year and not be subject to tax.rom: Lisa Date: Fri, 04 Nov 2005 Do we have to pay taxes on a gift of $100,000 from my parents for our first home? Do my parents have to pay tax on it? Answer Date: Mon, 07 Nov 2005 Hello Lisa, Gifts from family members aren't taxable income for income tax reporting.
California has a high cost of living relative to other states, which means pay is high as well. As of May 2013, the US Bureau of Labor Statistics indicated the average annual salary for all jobs in California was $53,030. This pay was well above the national average for all positions of $46,440 per year.
San Francisco median household income is $19,434 higher than the median California household income and $27,374 greater than the US median household income. 2014 metro income data (including San Francisco median household income) will be released in September of 2015.t $79,624, the median household income for San francisco was at a new nominal high in 2013. The ACS 1-year data shows the median family income for San Francisco was $96,298 in 2013.