Re: Let's buy Richard a car....

[Richard Welty <rwelty@xxxxxxxxxxxxxxxxxxxxxx>]

At 04:24 PM 1/1/99 -0500, Alfa Romeo Search and Rescue Society wrote:
>Say there is 1300 people on the digest... I-car folks could pony up too.

>If 70% of the folks donated $10, we would have enough cash to buy a very
>respectable southern rust-free GTV.

as i said in a previous posting, i already have a GTV, which is pretty good
but does need some work (new rear axle seals, and fixing a bell housing
which has the standard "wrong bolt in the center hole for the starter"
crack in it.) i was figuring to take it down to Keith Goring@Alfas
Unlimited this spring...

>If there is solid interest in this, I'd be happy to open a bank account
>here and when it's up to a level to buy the car then, with all our
>brilliant minds, pick out a car and offer it as a gift. Also, if it's a
>gift, wouldn't it be tax free or am I wrong?

the tax laws right now say that you can give up to $10,000 tax free in a
year. that's $10,000 from any one person or entity to any one person or
entity.

cheers,
   richard

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