Except as otherwise provided in this section or in section 117 , gross income includes amounts received as prizes and awards.
The IRS defines a gift as"any transfer to an individual, either directly or indirectly, where full consideration is not received in return" based on the gift tax provisions found in the Tax Code beginning at. In the business, we like to say that gifts are given not for anything in return but out of"love, affection, respect or admiration."
CyrilRamaphosa cant you do the same.. pay off all our debts and we start ourlives clean.. that will be leadership comrade
In South Africa we prefer burning down and destroying our tertiary establishments
obviously you've noticed that most of the graduates were black, right?
Awesome, very generous! What do the savers get?
This reminded me of Scott's Tots. Died of cringe for a second remembering that episode from The Office.
What a great guy
I hope others follow his example
We could certainly be in the same situation if CyrilRamaphosa and PatriceMosepe did the same thing
That's kind of you.
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More Good News For Morehouse Grads: They Likely Won't Owe Taxes On Gift From BillionaireLife just got a whole lot better for some recent college graduates. During the 2019 commencement address at Morehouse College, self-made billionaire Robert F. Smith announced that he was paying the student debt for the entire class. Best news in months Hey! Still don’t care! If someone has to pay off your loans it means your degree isn't worth anything.
Source: Forbes - 🏆 394. / 53 Read more »
Morehouse College grads are surprised by a billionaire's promise to pay off their student loansMorehouse College seniors got a surprise Sunday when billionaire investor Robert F. Smith announced during his commencement speech that he would pay off their student loan debt GOD....You have never created any Religion, Country or Race but at one of your planet People are fighting & Killing each other based on their own Creation of Differentiation. Please listen asap. Amazing
Source: CNN - 🏆 4. / 95 Read more »
Billionaire philanthropist shocks Morehouse grads by promising to pay off loansBillionaire philanthropist Robert F. Smith shocks Morehouse grads by promising to pay off student loans: 'We're going to put a little fuel in your bus.' great... all this talk of high college tuitions and how to deal with them yet nobody is addressing the root cause, which is the colleges overcharging for their services. What about my student loans? broke Absolutely amazing.
Source: ABC - 🏆 471. / 51 Read more »
Philanthropist pledges millions to clear Morehouse grads' student debtThe Vista Equity Partners founder told 396 new alum of the historically black college that he'll payoff their school loans — an estimated debt of $40 million. White privilege? 💝🥇🤟🏼 NBCNews Tough to decide to work/save or accumulate college debt; never know who will pay it off, a billionaire or Elizabeth Warren
Source: NBCNews - 🏆 10. / 86 Read more »
Philanthropist pledges $40 million to clear Morehouse grads' student debtThe Vista Equity Partners founder on Sunday pledged to pay off loans for 396 new graduates of the historically black college. True billionaire doing true billionaire things Wow. Now that is cool beans Wow!!!!!!
Source: NBCNews - 🏆 10. / 86 Read more »
What to know about Robert F. Smith, the man paying off Morehouse grads' student loansThe 56-year-old billionaire investor is the richest black person in the United States. We need to know nothing. He is going to heaven for sure. He put his money where his mouth is unlike some other people. Historically Black College, bla bla bla bla bla,,,,,,
Source: CNN - 🏆 4. / 95 Read more »
Billionaire pledges to pay off Morehouse students’ debtBillionaire investor Robert Smith surprised graduating students at Morehouse Col... What a timely gesture! So inspiring ! People can do good !!! Thankful
Source: Reuters - 🏆 2. / 97 Read more »
A Billionaire Said He'll Pay All Of The Morehouse College Class Of 2019's Student DebtBillionaire Robert F. Smith Said He'll Pay All Student Debt Of Morehouse College Class Of 2019 Robert.... you are a WONDERFUL man. 🙌🏼🙌🏼
Source: BuzzFeed - 🏆 730. / 51 Read more »
Billionaire pledges to pay off student loan debt for Morehouse College class of 2019Robert F. Smith surprised the nearly 400 graduates of the historically black, all-male college during his commencement address. What a nice thing to do. It would be nice if bill gates would follow his lead This is PHENOMENAL!! Good for those young men. Damn wish someone paid my college off for me
Source: USATODAY - 🏆 100. / 63 Read more »
Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019′s student loansThe surprise announcement left the graduates crying and jumping for joy. This is wonderful. We need more of such gestures from more of such men and women What's next? Free loans for everyone? Stopfreeschoolnow Iran is the world's largest terrorist country with drugs and terrorist training facilities We hope that American newspapers will present the crimes of the regime of Iran and the Revolutionary Guards in Iraq through their terrorist militias
Source: washingtonpost - 🏆 95. / 72 Read more »