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A comment on Rich Families Are Legally Separating from Their Kids to Pay Less for College. Parent comment

Re:Rich Families Are Legally Separating from Their Kids to P... by dmoy on Wednesday August 28, 2019 @02:48PM (#20822750)
From reading the article, I think the point is that these kids aren't actually supporting themselves, they're just made to seem that way on paper.
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Re:Rich Families Are Legally Separating from Their Kids to P... by martin8412 on Wednesday August 28, 2019 @02:54PM (#20822806)
Surely their income from their parents is taxable at normal income tax level then?
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Re:Rich Families Are Legally Separating from Their Kids to P... by ohyeshedid on Wednesday August 28, 2019 @03:38PM (#20823274)
Only if they give/receive more than 11.1 million over the course of their lifetime.
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Re:Rich Families Are Legally Separating from Their Kids to P... by dmoy on Thursday August 29, 2019 @01:01AM (#20826819)
And that, only the amount over $30k/yr for a couple gifting their child.
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Re:Rich Families Are Legally Separating from Their Kids to P... by jkdufair on Wednesday August 28, 2019 @03:48PM (#20823379)
Alas there are some pretty generous tax breaks on gifts.
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