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Sentsuizan t1_j5y5uqg wrote

Reply to comment by YoThatsFed in The transition to digital currency is terrible for homeless people. by YoThatsFed

But you do have to pay taxes for gifts over a certain threshold. In a practical sense it only ever applies to things like cars and very expensive items.

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YoThatsFed OP t1_j5y9gja wrote

That’s why I said “generally”, there are exceptions of course.

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Sentsuizan t1_j5y9op7 wrote

Well yeah, and one of those exceptions is hundreds of dollars worth of tips that you get as part of your income.

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YoThatsFed OP t1_j5ya1yz wrote

You’re once again talking about the US, tips in the UK aren’t “hundreds of dollars” forming a large part of your income.

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