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A comment on The Greatest Wealth Transfer in History Is Here, with Familiar (Rich) Winners. Parent comment

Re:The Greatest Wealth Transfer in History Is Here, with Fam... by CPLX on Sunday May 14, 2023 @05:20PM (#35941432)
Right and give them the car two years later and it is taxed, subject to the gift tax exceptions and so on.

Proving my point that the rule is that money is taxed when it changes hands and the exceptions are exceptions.

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Re:The Greatest Wealth Transfer in History Is Here, with Fam... by sokoloff on Sunday May 14, 2023 @05:47PM (#35941617)
A couple gifting their 18 (or 38) year old kid a car is unlikely to exceed the gift tax exemption.
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