CSNbbs

Great to see...

Quote: It was a gesture of enormous generosity — and it came from a mystery man 8,000 miles away.

An anonymous entrepreneur from Hong Kong on Friday donated $1 million to the families of slain cops Wenjian Liu and Rafael Ramos.

“In every tragedy, there are individuals who step forward and step up to the plate, and that’s what this story is all about here today,” said Michael Palladino, president of the NYPD’s detectives union during a ceremony at union headquarters.

Liu’s father, Wei Tang Liu, will get $100,000 a year for five years under an agreement facilitated by the Sing Tao Newspaper company, while the other $500,000 will go to an education fund for Ramos’ children.

The cops’ relatives were each presented with an oversized ceremonial check for $1 million.

Ramos’ widow, Maritza, gripped her two teen sons’ hands during the event.

Neither she nor Liu’s widow, Pei Xia Chen, spoke. But Liu’s father, speaking Chinese, later thanked the NYPD and all who supported the families.

Sing Tao CEO Robin Mui said the donor had been moved by the families’ plight.

“He’s just a wealthy entrepreneur in Hong Kong who doesn’t want his name to be published,” Mui said.

Meanwhile, active and retired cops will be partying on Staten Island at a benefit for the families Saturday. It starts at 7 p.m. at the Fast Break Basketball Center and will feature live bands and hot dogs. Tickets are $40 a head.

http://nypost.com/2015/01/16/families-of...-donation/

Outstanding.

This came from a foreigner. But I heard some American groups also put up some money.

Is that money taxes?

(01-18-2015 08:56 PM)smn1256 Wrote: [ -> ]This came from a foreigner. But I heard some American groups also put up some money.

Is that money taxes?

The money is tax free to the families, the donor will have to pay taxes.

(01-18-2015 09:22 PM)THE NC Herd Fan Wrote: [ -> ]

(01-18-2015 08:56 PM)smn1256 Wrote: [ -> ]This came from a foreigner. But I heard some American groups also put up some money.

Is that money taxes?

The money is tax free to the families, the donor will have to pay taxes.

Imagine that, I take my money that I paid taxes on and give it to you and then you pay taxes on it again. How many times does that have to happen before the government receives the equivalent of 100% of the original amount?

(01-18-2015 09:42 PM)smn1256 Wrote: [ -> ]

(01-18-2015 09:22 PM)THE NC Herd Fan Wrote: [ -> ]

(01-18-2015 08:56 PM)smn1256 Wrote: [ -> ]This came from a foreigner. But I heard some American groups also put up some money.

Is that money taxes?

The money is tax free to the families, the donor will have to pay taxes.

Imagine that, I take my money that I paid taxes on and give it to you and then you pay taxes on it again. How many times does that have to happen before the government receives the equivalent of 100% of the original amount?

Wealth Transfer Tax (wealth redistribution) primarily designed to keep wealthy individuals from gifting their estate to heirs to avoid the estate tax.

(01-18-2015 09:47 PM)THE NC Herd Fan Wrote: [ -> ]Wealth Transfer Tax (wealth redistribution) primarily designed to keep wealthy individuals from gifting their estate to heirs to avoid the estate tax.

So you move your assets overseas and put them in entities like FLPs that make the transfers easier. Doesn't help the middle class, but that's not the object.

The left's policies basically screw the middle class to help the very rich and the very poor. And republicans can't make an issue of it.

Stupid party versus evil party.