Quote:
|
Originally Posted by Kevin ? The PNN
Wait until the IRS gets a hold of them and they have to fine out that they owe the gift tax for every person they gave $11,001 or more. Under 11K the person receiving it money is responsible for the tax.
|
We don't have that in Canada, which is where that couple resides.
In fact, we pay NO tax on lotto winnings, except on interest earned later on from it.
The IRS can go suck an egg. :D