Gerry Beraneks 090 up for auction!!
- Thread starter stevebullman
- Start date
[ QUOTE ]
[ QUOTE ]
It's surpassed that last week. 30% is going into a fund for uninsured tree workers.
[/ QUOTE ]
Do you mind disclosing what specific fund that would be? Like is it the MasterBlaster personal gain fund? Proceeds would be deductable and taxable at the same time.
[/ QUOTE ]
Ekka:
You've brought the issue of whether MB pays taxes on the donations he receives. It may be different in Australia, but in the U.S.A. each individual can give up to $12,000 without it becoming taxable to the recipient - http://www.irs.gov/pub/irs-pdf/p950.pdf.
A fund would work in the same way - as long as it was just a personal fund that Gerry maintained and as long as he pays taxes on the interest it earns, then he's free to distribute it however he sees fit. Up to $12,000 per receipient.
It's like my personal bank account - I pay taxes on it's earnings and I am free to distribute it to any business, charity, or individual as I see fit.
James
[ QUOTE ]
It's surpassed that last week. 30% is going into a fund for uninsured tree workers.
[/ QUOTE ]
Do you mind disclosing what specific fund that would be? Like is it the MasterBlaster personal gain fund? Proceeds would be deductable and taxable at the same time.
[/ QUOTE ]
Ekka:
You've brought the issue of whether MB pays taxes on the donations he receives. It may be different in Australia, but in the U.S.A. each individual can give up to $12,000 without it becoming taxable to the recipient - http://www.irs.gov/pub/irs-pdf/p950.pdf.
A fund would work in the same way - as long as it was just a personal fund that Gerry maintained and as long as he pays taxes on the interest it earns, then he's free to distribute it however he sees fit. Up to $12,000 per receipient.
It's like my personal bank account - I pay taxes on it's earnings and I am free to distribute it to any business, charity, or individual as I see fit.
James
- Location
- healdsburg, CA
[ QUOTE ]
It's like my personal bank account - I pay taxes on it's earnings and I am free to distribute it to any business, charity, or individual as I see fit.
James
[/ QUOTE ]
Me me me me me me me please! Please? huh? whatta ya say? Please disburse any funds my way!
No seriously;
I truly wish the best for Gerry and the auction is indeed a great way to share his experiances with alot of other tree people.
A fund for uninsured tree people? Well that sounds like a personal decision Gerry has made (or not). Who am I to say one way or the other?
Kind of like me telling someone they should not wear a paticular color of clothes or what music they should listen to.
His decision, his saw.
Seems fairly clear to me.
It's like my personal bank account - I pay taxes on it's earnings and I am free to distribute it to any business, charity, or individual as I see fit.
James
[/ QUOTE ]
Me me me me me me me please! Please? huh? whatta ya say? Please disburse any funds my way!
No seriously;
I truly wish the best for Gerry and the auction is indeed a great way to share his experiances with alot of other tree people.
A fund for uninsured tree people? Well that sounds like a personal decision Gerry has made (or not). Who am I to say one way or the other?
Kind of like me telling someone they should not wear a paticular color of clothes or what music they should listen to.
His decision, his saw.
Seems fairly clear to me.
Jamestx
That appears to be for gift taxes to heirs and bloodline not strangers.
I believe receipt of monetary funds by non compliant recipients (not charities, schools etc) is taxable.
There's also federal and state taxes, dont know how they work and when they apply, but I did read that individuals receiving even goods and gambling winnings have to pay tax. It is income not inheritence.
That appears to be for gift taxes to heirs and bloodline not strangers.
I believe receipt of monetary funds by non compliant recipients (not charities, schools etc) is taxable.
There's also federal and state taxes, dont know how they work and when they apply, but I did read that individuals receiving even goods and gambling winnings have to pay tax. It is income not inheritence.
NickfromWI
Participating member
- Location
- Los Angeles, CA
If I walk up to a random person on the street and hand them a sum of money, small or large, they are technically supposed to claim that as income on their tax forms. That doesn't mean I can't give the guy the money...it is HIS responsibility to even up with Uncle Sam.
The auctions are a good thing.
love
nick
The auctions are a good thing.
love
nick
[ QUOTE ]
it is HIS responsibility to even up with Uncle Sam.
[/ QUOTE ]
Thanks for clearing that up, some choose to argue.
[ QUOTE ]
The auctions are a good thing.
[/ QUOTE ]
Who said otherwise?
But personally I wouldn't bid unknowing of where the proceeds go. A fund for injured climbers, as I said before which Tom deleted but chooses to leave Hoppers delusions, other places have social security nets and free medical, workplace WC etc to cover it. There wouldn't be the need, however it appears that there's a need for this in USA, why?
it is HIS responsibility to even up with Uncle Sam.
[/ QUOTE ]
Thanks for clearing that up, some choose to argue.
[ QUOTE ]
The auctions are a good thing.
[/ QUOTE ]
Who said otherwise?
But personally I wouldn't bid unknowing of where the proceeds go. A fund for injured climbers, as I said before which Tom deleted but chooses to leave Hoppers delusions, other places have social security nets and free medical, workplace WC etc to cover it. There wouldn't be the need, however it appears that there's a need for this in USA, why?
Eric,
What the hell is your problem?
Why is Jerry's dealings with the IRS your business?
What he spends the money from his auction on is his business. So what if the US government is cheated out of a few bucks? You HATE the USA anyway.
Just drop it mate. Be a man for a change, and apologise for being rude. Your digging a bigger and deeper hole for yourself with every post.
What the hell is your problem?
Why is Jerry's dealings with the IRS your business?
What he spends the money from his auction on is his business. So what if the US government is cheated out of a few bucks? You HATE the USA anyway.
Just drop it mate. Be a man for a change, and apologise for being rude. Your digging a bigger and deeper hole for yourself with every post.
[ QUOTE ]
Eric,
What the hell is your problem?
Why is Jerry's dealings with the IRS your business?
What he spends the money from his auction on is his business. So what if the US government is cheated out of a few bucks? You HATE the USA anyway.
Just drop it mate. Be a man for a change, and apologise for being rude. Your digging a bigger and deeper hole for yourself with every post.
[/ QUOTE ]
Gee must be an outbreak.
Did you get permission to post Ed?
Eric,
What the hell is your problem?
Why is Jerry's dealings with the IRS your business?
What he spends the money from his auction on is his business. So what if the US government is cheated out of a few bucks? You HATE the USA anyway.
Just drop it mate. Be a man for a change, and apologise for being rude. Your digging a bigger and deeper hole for yourself with every post.
[/ QUOTE ]
Gee must be an outbreak.
Did you get permission to post Ed?
[ QUOTE ]
Eric, its obvious you have no intention of apologising for your foul behaviour
[/ QUOTE ]
I doubt you'd be able to smell foul from where your nose has been.
I have questioned and you besides many others attacked, knock yourselves out.
Fact is public announcements made for auctions deserve public scrutiny ... ya dont like it so you gang up like thugs.
TYPICAL.
Here's a screen dump which illistrates the differences in not only how forums are run but how people think. Knock yourself out genius.
Eric, its obvious you have no intention of apologising for your foul behaviour
[/ QUOTE ]
I doubt you'd be able to smell foul from where your nose has been.
I have questioned and you besides many others attacked, knock yourselves out.
Fact is public announcements made for auctions deserve public scrutiny ... ya dont like it so you gang up like thugs.
TYPICAL.
Here's a screen dump which illistrates the differences in not only how forums are run but how people think. Knock yourself out genius.
- Location
- NJ
Eric please correct me if I am wrong but you are in aust. not US. Though you may think you know everything you may have no idea how thing work in the US so that foot must taste good.
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
Don't put your nose where it doesn't belong. People try to something nice and leave it to a prick like yourself to find some way to pick it apart and act like an a$$. Don't know what kind of medication you are on but I would suggest taking some of YOUR proceeds from tree work and go see a mental health doctor. You just ain't right.
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
Don't put your nose where it doesn't belong. People try to something nice and leave it to a prick like yourself to find some way to pick it apart and act like an a$$. Don't know what kind of medication you are on but I would suggest taking some of YOUR proceeds from tree work and go see a mental health doctor. You just ain't right.
[ QUOTE ]
Eric please correct me if I am wrong but you are in aust. not US. Though you may think you know everything you may have no idea how thing work in the US so that foot must taste good.
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
Don't put your nose where it doesn't belong. People try to something nice and leave it to a prick like yourself to find some way to pick it apart and act like an a$$. Don't know what kind of medication you are on but I would suggest taking some of YOUR proceeds from tree work and go see a mental health doctor. You just ain't right.
[/ QUOTE ]
Oh, another intelligent remark.
Serious outbreak here Tom
Seems these folk take out their frustrations on questioning arborists from other sides of the planet ... such a homely lot eh? No wonder Homeland security is req'd, lots of loose cannons over there eh?
You must have missed the last line of the above pic, read it again genius.
Eric please correct me if I am wrong but you are in aust. not US. Though you may think you know everything you may have no idea how thing work in the US so that foot must taste good.
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
Don't put your nose where it doesn't belong. People try to something nice and leave it to a prick like yourself to find some way to pick it apart and act like an a$$. Don't know what kind of medication you are on but I would suggest taking some of YOUR proceeds from tree work and go see a mental health doctor. You just ain't right.
[/ QUOTE ]
Oh, another intelligent remark.
Serious outbreak here Tom
Seems these folk take out their frustrations on questioning arborists from other sides of the planet ... such a homely lot eh? No wonder Homeland security is req'd, lots of loose cannons over there eh?
You must have missed the last line of the above pic, read it again genius.
- Location
- Retired in Minneapolis
Eric,
Take it elsewhere...your behavior is unliked and all you do is make trouble then claim innocence. That doesn't fly here.
My moderating standard must be pretty obvious to everyone except you. since you account for about 90% of my babysitting time...and, contrary to what you believe...it's not personal.
WC does not cover subcontractors. That's why Butch is on his own. Subs should pay for their own health insurance so that they are covered. If not, there are social welfare systems that will take care of medical bills. I have no clue if Jerry was working as a sub. Either way, there is always a gap in income when a person is laid out in bed.
Take it elsewhere...your behavior is unliked and all you do is make trouble then claim innocence. That doesn't fly here.
My moderating standard must be pretty obvious to everyone except you. since you account for about 90% of my babysitting time...and, contrary to what you believe...it's not personal.
WC does not cover subcontractors. That's why Butch is on his own. Subs should pay for their own health insurance so that they are covered. If not, there are social welfare systems that will take care of medical bills. I have no clue if Jerry was working as a sub. Either way, there is always a gap in income when a person is laid out in bed.
TreeCo
Carpal tunnel level member
[ QUOTE ]
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
[/ QUOTE ]
Your friend needs to see a lawyer and soon.
Yes WC is supposed to pick up the tab but did you know that you might have to put out thousands of dollars first before they refund you. I friend of mine got hurt in Feb., had WC, and yet they still haven't payed for anything. He caught a limb in the mouth and is still missing teeth and has gotten quite pissed off about the whole thing.
[/ QUOTE ]
Your friend needs to see a lawyer and soon.
[ QUOTE ]
If I walk up to a random person on the street and hand them a sum of money, small or large, they are technically supposed to claim that as income on their tax forms. That doesn't mean I can't give the guy the money...it is HIS responsibility to even up with Uncle Sam.
The auctions are a good thing.
love
nick
[/ QUOTE ]
No. Only if it exceeds the exclusion of $12,000. THe gift rule is not for relatives only - but most gifts probably are given to relatives.
If I walk up to a random person on the street and hand them a sum of money, small or large, they are technically supposed to claim that as income on their tax forms. That doesn't mean I can't give the guy the money...it is HIS responsibility to even up with Uncle Sam.
The auctions are a good thing.
love
nick
[/ QUOTE ]
No. Only if it exceeds the exclusion of $12,000. THe gift rule is not for relatives only - but most gifts probably are given to relatives.
[ QUOTE ]
Jamestx
That appears to be for gift taxes to heirs and bloodline not strangers.
I believe receipt of monetary funds by non compliant recipients (not charities, schools etc) is taxable.
There's also federal and state taxes, dont know how they work and when they apply, but I did read that individuals receiving even goods and gambling winnings have to pay tax. It is income not inheritence.
[/ QUOTE ]
The exclusion does not apply to only gifts given to relatives. Here is the applicable quote -
"Most gifts are not subject to the gift tax and most estates are not subject to the estate tax. For example, there is usually no tax if you make a gift to your spouse or to a charity or if your estate goes to your spouse or to a charity at your death. If you make a gift to someone else, the gift tax does not apply until the value of the gifts you give that person exceeds the annual exclusion for the year. See Annual exclusion under Gift Tax, on page 4. Even if tax applies to your gifts or your estate, it may be eliminated by the unified credit, discussed later."
Now, the gift is not tax deductible to the giver unless it's made to a charity.
Jamestx
That appears to be for gift taxes to heirs and bloodline not strangers.
I believe receipt of monetary funds by non compliant recipients (not charities, schools etc) is taxable.
There's also federal and state taxes, dont know how they work and when they apply, but I did read that individuals receiving even goods and gambling winnings have to pay tax. It is income not inheritence.
[/ QUOTE ]
The exclusion does not apply to only gifts given to relatives. Here is the applicable quote -
"Most gifts are not subject to the gift tax and most estates are not subject to the estate tax. For example, there is usually no tax if you make a gift to your spouse or to a charity or if your estate goes to your spouse or to a charity at your death. If you make a gift to someone else, the gift tax does not apply until the value of the gifts you give that person exceeds the annual exclusion for the year. See Annual exclusion under Gift Tax, on page 4. Even if tax applies to your gifts or your estate, it may be eliminated by the unified credit, discussed later."
Now, the gift is not tax deductible to the giver unless it's made to a charity.
Gerald_Beranek
New member
- Location
- Ft. Bragg, Ca.
TX,
There is no fund. When I became injured last month the members at the Tree House auctioned a saw and sent me the proceeds. All amoungst themselves and without me even knowing it. My friend Frans Smith gave me a clue that something was going on there. I rarely visited the forums at the Tree House before and I was really taken by the thought, care and generosity of the TH members. People I didn't even know. It left me with a very good feeling.
The idea to auction my saw and donate 30% was a notion that came in my mind to reciporcate the kind jesture of the Tree House members. A actual fund would be wonderful, but one does not exist. It merely was a slip of words on my part, no one else.
So the question is now, what do I do with that 30% of the proceeds I feel so obliged to donate. The suggestions I've received from TH member have ranged from, "Just keep it." to "Wait until you feel the time is right to donate it."
It really makes me ach to see a debate develope over an simple act of kindness.
There is no fund. When I became injured last month the members at the Tree House auctioned a saw and sent me the proceeds. All amoungst themselves and without me even knowing it. My friend Frans Smith gave me a clue that something was going on there. I rarely visited the forums at the Tree House before and I was really taken by the thought, care and generosity of the TH members. People I didn't even know. It left me with a very good feeling.
The idea to auction my saw and donate 30% was a notion that came in my mind to reciporcate the kind jesture of the Tree House members. A actual fund would be wonderful, but one does not exist. It merely was a slip of words on my part, no one else.
So the question is now, what do I do with that 30% of the proceeds I feel so obliged to donate. The suggestions I've received from TH member have ranged from, "Just keep it." to "Wait until you feel the time is right to donate it."
It really makes me ach to see a debate develope over an simple act of kindness.
[ QUOTE ]
It really makes me ach to see a debate develope over an simple act of kindness.
[/ QUOTE ]
That's because there's a pack of guys who dont like answering questions.
It was simple really wasn't it.
What fund.
What tax implications.
Even ole Tomboy jumped on the pounding band wagon.
To maximise proceeds you may want to list the auction in alternative places and sites, perhaps even Ebay with a high reserve, after all the more you get the more you give.
It really makes me ach to see a debate develope over an simple act of kindness.
[/ QUOTE ]
That's because there's a pack of guys who dont like answering questions.
It was simple really wasn't it.
What fund.
What tax implications.
Even ole Tomboy jumped on the pounding band wagon.
To maximise proceeds you may want to list the auction in alternative places and sites, perhaps even Ebay with a high reserve, after all the more you get the more you give.
[ QUOTE ]
It really makes me ach to see a debate develope over an simple act of kindness.
[/ QUOTE ]
unfortunately thats all some people have to bring.
Its really good that you are posting on these boards now, anyone with your ammount of knowledge and experience is always more than welcome!! i hope the actions of the minority dont put you off posting more!
It really makes me ach to see a debate develope over an simple act of kindness.
[/ QUOTE ]
unfortunately thats all some people have to bring.
Its really good that you are posting on these boards now, anyone with your ammount of knowledge and experience is always more than welcome!! i hope the actions of the minority dont put you off posting more!
New threads New posts
-
test
-
-
-
Fruit tree holding on by a thread, client wants to get another year out of it. Thoughts?- Started by climbingmonkey24
- Replies: 54
-
-
-
