give no more than $11,000 per person, otherwise you have to pay

give no more than $11,000 per person per year, otherwise you have to pay gift tax.

Here is some gift tax info from internet.

-----------------------------------------------------

If you give people a lot of money or property, you might have to pay a federal gift tax. But most gifts are not subject to the gift tax. For instance, you can give up to the annual exclusion amount ($11,000 in 2005) to a person, every year, without facing any gift taxes, and without the recipient owing an income tax on the gifts. And you can give up to $1,000,000 in gifts, total, in your lifetime, before you start owing the gift tax.

請您先登陸,再發跟帖!