Re:Google’s “Oprah Moment”: An Android Phone For Everyone At...
by zain on Wednesday May 27, 2009 @06:16PM
(#629310)
I'm pretty happy with my iPhone, so I decided to sell my Google I/O phone. If you're interested in trying it out, I'm sure others are doing the same too.
Re:Google’s “Oprah Moment”: An Android Phone For Everyone At...
by potatolicious on Wednesday May 27, 2009 @05:42PM
(#629246)
It may be a shrewd move for Google, but the net effect for attendees remains unchanged - they got a free phone, which is awesome no matter which way you cut it.
TC is right, we won't see anything like this from Apple - but then again Apple doesn't seem to have any problems attracting developers. You gotta do what you gotta do...
Re:Google’s “Oprah Moment”: An Android Phone For Everyone At...
by cstejerean on Wednesday May 27, 2009 @05:37PM
(#629240)
The tax on the phone however is significantly lower than the tax on a brand new car and most people shouldn't notice the impact on their tax return documents from a several hundred dollar gift.
Re:Google’s “Oprah Moment”: An Android Phone For Everyone At...
by Retric on Wednesday May 27, 2009 @09:10PM
(#629524)
You don't pay tax on gifts only winnings.
In the US giving someone that does not work for you up to ~12k/year is tax free, but the person giving the gift needs to pay tax on gifts larger than that. With some paperwork there is a lifetime exception up to 1 million but it comes out of the estate tax exemption.
So, if Bill Gates gave his child 1 billion Bill would need to pay ~400 million to the IRS. However, there is an exception for anyone you are married to, and I think educational / heath care gifts are also excluded.
PS: I don't know if it counts as a "prize" or a "gift" if you hand it out to everyone that shows up, but I just wanted to make the difference clear.
Re:Google’s “Oprah Moment”: An Android Phone For Everyone At...
by SwellJoe on Wednesday May 27, 2009 @10:47PM
(#629621)
Also worth noting: All Googlers got a G1 for Christmas, so presumably all attending Googlers already have an Android phone. (Not the new one, of course, but still...a nice phone running Android.)
http://code.google.com/events/io/faq.html
Tech Crunch saying something like, "What will we see next week from Apple at its WWDC event? Probably nothing." is really ignorant on a lot of levels.
TC is right, we won't see anything like this from Apple - but then again Apple doesn't seem to have any problems attracting developers. You gotta do what you gotta do...
http://money.cnn.com/2004/09/22/news/newsmakers/oprah_car_ta...
In the US giving someone that does not work for you up to ~12k/year is tax free, but the person giving the gift needs to pay tax on gifts larger than that. With some paperwork there is a lifetime exception up to 1 million but it comes out of the estate tax exemption.
So, if Bill Gates gave his child 1 billion Bill would need to pay ~400 million to the IRS. However, there is an exception for anyone you are married to, and I think educational / heath care gifts are also excluded.
PS: I don't know if it counts as a "prize" or a "gift" if you hand it out to everyone that shows up, but I just wanted to make the difference clear.