Over the rest of Japanese recorded history, sumo's popularity has changed according to the whims of its rulers and the need for its use as a training tool in periods of civil strife. The form of wrestling combat changed gradually into one where the main aim in victory was to throw one's opponent.
Gifts. According to the IRS, certain gifts are not taxable. These include gifts that are less than the annual exclusion amount. As of 2012, a married couple can give up to $26,000 tax-free, referred to as gift splitting.. If you pay tuition or medical expenses for someone, you don't have to pay tax on the money.Gifts to your spouse are also tax-free.s of 2012, a married couple can give up to $26,000 tax-free, referred to as gift splitting.. If you pay tuition or medical expenses for someone, you don't have to pay tax on the money. Gifts to your spouse are also tax-free.
The IRS considers a gift to be a transfer of funds to an individual where full compensation is not received in return. As such, the gift can be subject to tax. Anyone could give a tax-free gift of up to $13,000 for the 2012 tax year without triggering a gift tax.That means each parent can gift you $13,000 each year, or $26,000 maximum, without tax implications.s such, the gift can be subject to tax. Anyone could give a tax-free gift of up to $13,000 for the 2012 tax year without triggering a gift tax.