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Gift
(redirected from Gift-giving)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Gift
An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.

Gift
A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.


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At any time of year gift-giving can be an expensive business, especially during the winter season with Christmas and the New Year to think of However, it really doesn''t have to be that way; Gifts really don''t have to be expensive and the process of gift-giving doesn''t have to be a traumatic one At any time of year gift-giving can be an expensive business, especially during the winter season with Christmas and the New Year to think of.
Today, the essence of gift-giving is slowly losing its meaning With the presence of wrapped gift sets and a multitude of generic items, people rarely give so much thought on this gesture Today, the essence of gift-giving is slowly losing its meaning.
The author further points out: "Although both sharing and gift-giving have some elements that often (but not always) make them more communal, loving, and caring than marketplace exchange, sharing differs from gift-giving in that it is non-reciprocal.
 
 
 
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