Nov

22

2012

Data Point – Govt doesn’t like you giving your money away without getting a cut

by Skip

Sounds like the Mafia, right – “a cut”.  But what other takeaway can there be to this but that Govt wants us to be less charitable – but they want more:

In 2012:

  • you can give a tax-free gift of up to $13,000 per person.
  • If you’re married, you and your spouse can each make such a gift (total of $26,000)
  • Lifetime gifting:  Lifetime giving each is $5,120,000 to a person

In 2013,

  • Lifetime gifting:  the limit drops is $1,000,000 to a person (big drop from $5MM)

Once again, we see Government wanting more and Society with less.  If I have earned this money, and I want to give it to someone of my own free and voluntary will, why should Govt get a cut for which they have not earned? On money that I have already paid taxes once on (and if the money is derived from dividends, money that has been taxed TWICE).

So, who are the greedy ones?

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by Skip Murphy

Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom (and how Government is taking that away from us). My fight, from a Conservative (with small "L" libertarian leanings) and evangelical Christian perspective, is with the Progressives that are forcing a collectivized and secular humanistic future upon us. As TEA Party activist, citizen journalist (and pundit!), my goal is to use the New Media to advance the radical notions of America's Founders back into our culture again.

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Leave a Comment

  • mer

    No such thing as “private charity”. The government does charity better than you. Just ask the people in Staten Island, Manhatten who they got more help from: FEMA, or the Red Cross, the Salvation Army and the Mormons?

    FY 2012: federal government spending is about $10 billion/day. Bill Gate’s worth about 62 billion, Warren Buffet, 44 billion. Confiscate at 100% they can run the federal government for about 11 days. But we have a revenue problem, not a spending problem.

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