A recent study by French researchers found that men who eat the most spicy foods tend to have higher testosterone levels than those with milder palates. Study authors attribute the T-boosting effects in part to capsaicin, a compound in chilies that previous research has associated with increased testosterone levels.
Gift Limits. Regardless of your child's age, certain rules apply across the board if you want to give money tax-free. As of January 2015, you can give up to $14,000 individually or $28,000 as a married couple to your child annually without paying taxes. However, you must still file Form 709 for amounts above these levels. Furthermore, you can give up to $5.43 million in your lifetime without penalty, but using your exemption will also reduce your estate tax exemption by the same amount. Types of Gifts You can give your child a variety of different monetary gifts, including cash, securities, property or money in the form of trusts.
Best Answer: The U.S. Federal Government has no such thing as a gift tax on the recipient. Bill Gates can give you $1,000,000 and you would owe the IRS nothing! There is a gift tax on the giver, but not the recipient.The giver has to file a gift tax return (709) anytime they give someone more than $11,000. Simply having to file the return doesn't mean they owe tax. They would have to give away over $1,000,000 before they would owe tax.est Answer: The U.S. Federal Government has no such thing as a gift tax on the recipient. Bill Gates can give you $1,000,000 and you would owe the IRS nothing! There is a gift tax on the giver, but not the recipient.