John Hunter wrote: > On Dec 3, 2007 1:15 PM, Eric Firing <[EMAIL PROTECTED]> wrote: > >> Just a question: how do you handle taxes? Won't you be stuck paying >> income tax on any donations? Not that I know of any way to get around >> it short of incorporating as a nonprofit. > > That is a good question -- does a donation not count as a gift? I > think gifts under 10,000 are tax free. > > JDH
It looks like you are right, based on a quick googling; at least individual-to-individual gifts are not reportable as income. It also makes sense; otherwise all the little donation funds that arise to help people under special circumstances would not work. Eric ------------------------------------------------------------------------- SF.Net email is sponsored by: The Future of Linux Business White Paper from Novell. From the desktop to the data center, Linux is going mainstream. Let it simplify your IT future. http://altfarm.mediaplex.com/ad/ck/8857-50307-18918-4 _______________________________________________ Matplotlib-devel mailing list Matplotlib-devel@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/matplotlib-devel
