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11-29-2012, 07:24 PM
  #107
Alicat
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Join Date: Jul 2005
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If they were given as gifts then anything over $13k is taxed by the Federal Govt at 35%. You would also be taxed the same amount by the Commonwealth of MA.

The rings were around $30k each and employees were taxed on $17K. Jacobs was following the law.

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