Birdwatch Note Rating
2023-05-05 22:00:10 UTC - NOT_HELPFUL
Rated by Participant: 247FFE42A12591D3BD66A0A10A85C2FEB3EC0104261ABA48F9A34A7212DE1F6D
Participant Details
Original Note:
These kinds of transfers are taxed as gifts, not income. Except responsibility for paying gift taxes falls on the person making the gift, not the recipient. Secondly, tuition payments are exempted by law - 26 USC ยง 2503(e). As such, Justice Thomas had no tax obligation. https://www.irs.gov/pub/irs-news/at-01-31.pdf https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances-https://www.law.cornell.edu/uscode/text/26/2503
All Note Details