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.
Best Answer Thanks! Currently, for federal taxes, one person can give to another person up to $12,000 a year without paying gift tax and without having to file any tax return. One person can give to as many persons each up to the gift tax exempt amount as the giver wants (and can afford). The receiver of the gift, regardless of the amount, does not have to pay income tax on the gift as the gift is not considered income for the receiver.