17 year old kid shot dead by Neighborhood Watch "Captain"

[Bunnykid68]

Update

George Zimmerman Case's Newly Released Evidence Suggests No Racial Bias

 

[CarmelHP]

I thought he was unemployed?

Then what "income" was he hiding?

 

[jgreiner]

Then what "income" was he hiding?

The donations made to him via a website.

 

[jgreiner]

Update: Detective in Zimmerman case said he was pressured to file charges

​

 

[CarmelHP]

The donations made to him via a website.

Donations aren't income, they are gifts.

 

[Bunnykid68]

Donations aren't income, they are gifts.

Tell that to the IRS when you are talking about that kind of money

 

[Blackhawk2001]

I'm curious and I don't know, but when one is being considered for bail, is "income" considered, or are "available assets" considered? In other words, are we having an argument over semantics, or is there really a difference at law between "income" (money earned) and "assets" (money - or potential money - no matter its source)?

 

[CarmelHP]

Tell that to the IRS when you are talking about that kind of money

Gifts are taxable to the donor, not the donee, that is in the IRS code. They are not taxable as income.

 

[Bunnykid68]

Gifts are taxable to the donor, not the donee, that is in the IRS code. They are not taxable as income.

Now that you mention that it does sound very familiar. I believe some lottery winners have gotten themselves into trouble by giving away to much money as gifts and leaving themselves broke.

 

[rgrimm01]

Curious if the bail would be set at such an amount as to financially hamper a proper defense? Not saying that is the intent but rather a possible result of having a bail that approaches available cash/assets.

 

[Fletch]

 

[Blackhawk2001]

I suspect this thread won't die off until after the trial and its subsequent after-effects.

 

[Roadie]

There is a "Gift Tax" law in FL, however, it still isn't income, so...

 

[CarmelHP]

There is a "Gift Tax" law in FL, however, it still isn't income, so...

Florida does not impose a gift tax.

See: http://dor.myflorida.com/dor/forms/2009/gt800025.pdf under "Other Taxes..."

 

[Roadie]

Florida does not impose a gift tax.

See: http://dor.myflorida.com/dor/forms/2009/gt800025.pdf under "Other Taxes..."

Huh, the site I read must be outdated, or just plain wrong..

Thanks for the correction.

 

[griffin]

Articles: Taking Down the Second Amendment: The Connection between Fast and Furious and the Trayvon Martin Case

 

[Blackhawk2001]

Articles: Taking Down the Second Amendment: The Connection between Fast and Furious and the Trayvon Martin Case

The writer's view of the connections between the two cases sounds just about correct to me.

 

[Fargo]

Donations aren't income, they are gifts.

Are we really saying that the IRS's definition of "income", which is purely artificial and spans hundreds of pages of the federal code and caselaw, is what "income" means in common English as used in a bond hearing?

Joe

 

[CarmelHP]

Are we really saying that the IRS's definition of "income", which is purely artificial and spans hundreds of pages of the federal code and caselaw, is what "income" means in common English as used in a bond hearing?

Joe

Perhaps. What did the judge ask at the bond hearing, did he ask about income or assets? I'd be surprised if the judge asked only about "income." Asset holdings are a better indication of liquid wealth than income. There are, in general, no laws concerning not disclosing gifts you receive. There are laws regarding perjury. Are you saying those are the same thing?

 

[Fargo]

Perhaps. What did the judge ask at the bond hearing, did he ask about income or assets? I'd be surprised if the judge asked only about "income." Asset holdings are a better indication of liquid wealth than income. There are, in general, no laws concerning not disclosing gifts you receive. There are laws regarding perjury. Are you saying those are the same thing?

I know of no state criminal court that considers income in the context of a bond hearing to be in any way defined by the federal tax code. Heck, I don't know of any state court judge that would even have a complete knowledge of of the tax code. A defense fund that has a balance and is receiving donations is going to qualify as an asset as to the balance and as income in regard to the average amount of money received for bond purposes.

I don't exactly understand the question in the last part. At every bond hearing that I know of, you are required to disclose both income and assets under oath. If you lie it is perjury, if you refuse it may be contempt or it may just mean denial of your motion.

Best,

Joe