When it gets to the point that we are mostly seeing each other outside the club, they tend to linger when you're together, etc., I view what I give them as a gift. But, since the government might see it otherwise, the payments should, as much as possible, fly under Big Brother's radar. So cash has always seemed the obvious option. But it seems like getting $1K+ in cash every week, fee free, is getting gradually harder over time. And strippers should generally be saving a lot, for their post-stripping lives. It seems to be common that strippers have cash savings at home in 4 to 6 figure amounts. Especially bad, now that the era of low inflation has ended. So, how do the alternatives to cash rate?
From the PL side, I guess I'm hoping the risk of gift taxes and penalties is minimal. I stick to states that don't have gift taxes, or have high death tax exclusions. My assets are not even in the ballpark of the Federal death tax exclusion. But I don't know if the IRS can/would fine you for not reporting gifts, when your current assets clearly don't exceed the exclusion.


Replies
No replies yet
Sign in to be the first to reply.