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.
Under IRS rules, you can only give away $14,000, as of 2016, worth of gifts to any person in a given year without paying the gift tax. When you make a gift thatâs higher than that amount, you have a choice: You can either pay the gift tax right away, or count the gift against your âunified credit.â This is the total amount of your wealth you can exempt from the estate tax â both during your life and after your death.