rapper lil wayne celebrated his 26th birthday at miami’s mansion nightclub on tuesday night. It was the typical understated affair with ice sculptures full of $100s and a suitcase full of $1 million. Did i mention the suitcase was a gift? Becase the suitcase was a gift. Lil wayne’s friend birdman gave the rapper $1 million dollars for his birthday. For my 26th birthday, i got a sweater and a night out on the town* with my grandma. Advantage: Lil wayne.
whoever wrote this story either made up the IRS tax part or should stop listening to rumors.
Because ... a gift over $12,000 to anyone other than your spouse is taxable ... BUT, if the gift is the first gift for the year and it exceeds $1,000,000 of the minimum ($1,012,000) the gift tax is exempt for that particular gift.
Its onle of those tax loopholes that lawyers know about to keep the rich rich, and their pockets fat.
i am pretty sure there is an extra $12,000 somewhere in that 'gift'
Probably right....i didn't even think of all those things not even sure why anyone even cared....
nah not at alll......you know the saying the real rich person never flosses it? look at bill gates? i notice the most people who floss their biggest car (still renting apartment) are the ones you find 10 years later on the corner of the streets asking for 25 cents...
the set that come to the bahamas and i worked with u would never know they have money until u see their black cards or something..
they don't flaunt it..the ones that flaunt it don't have it like the set that don't really show it..
in this world ... noting is free ... there is always a catch somewhere
or maybe lil wayne's birdman's wife and that kiss was actually something more then that
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