gift. Thursday , November 23rd , 2017 - 03:30:10 AM
Be careful about selecting the dollar amounts. Simply wanting to be in the middle or top category won't force people to select a higher gift amount if the higher amounts are too high. Finding the right balance of how much more to ask for in each category will nudge a percentage of the donor file up without offending those who can't or won't move up. Asking for too much can turn people off and make them unlikely to give at all. They may react with an internal thought "They want HOW MUCH? Are they crazy?" Then they throw away your mail piece and forget about it.
On the other hand, let's say you inherited that stock from mom after her death (through her estate). Then your cost-basis would be the stock's market value at that time. This is called 'stepped-up basis'. So, even if mom only paid $1,000 for the stock, if it is valued at $10,000 when you inherit it you can sell it and not owe any capital gains tax. You just legally avoided the Tax Man!
Copyright (c) 2007 Heartmind Connection, LLCI just finished the annual abuse ritual that I am forced to endure each year around this time. By that I am referring to wrapping Christmas presents. I actually dislike wrapping them more than I dislike shopping for them, which is really saying something.
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