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Old Feb 6, 2013 | 6:42 am
  #135  
gengar
 
Join Date: Jul 2008
Location: LAS ORD
Programs: AA Pro (mostly B6) OZ♦ (flying BR/UA), BA Silver Hyatt LT, Wynn Black, Cosmo Plat, Mlife Noir
Posts: 5,992
Originally Posted by brooklynmatt
So by tipping, you were taxed immediately, from zero upwards, with no 'gift tax exemption'.
No! You were not taxed because you tipped. You were taxed because you made 5k. What you choose to do with that 5k is immaterial to the taxation.
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