Gift

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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.
References in periodicals archive ?
This perspective leads empiricists to the safe conclusion that Christmas, and a spurt in gift exchanges, is caused by a prior increase in the money supply and, ceteris paribus, a drop in savings.
Faulting Derrida's skepticism (a pure gift is impossible) for ignoring actual gift exchange in hybrid or fully nonmercantile social economies, the introduction suggests the thick description by which the texts are read and then asserts key theses: first that more-than-mercantile gifts, while free, call for a potentially unending circular reciprocity that creates and shapes social relationships, and second that in the case of Paul's letters many gifts are nonmaterial, discursive, and therefore symbolic.
Mauss writes about gift exchange in various "archaic" societies as "presentations which are in theory voluntary, disinterested and spontaneous, but are in fact obligatory and interested" (1).
The significance of these narrative revisions of Christmas gift exchange is best understood in the context of gift theory, which originated with the publication of anthropologist Marcel Mauss's The Gift in 1924.
"Do Labour Market Conditions Affect Gift Exchange? Some Experimental Evidence." Economic Journal, 114(497), 2004, 684-708.
This paper seeks to contribute to a more comprehensive theory of the gift by extending theorisation of gift exchange to the understanding of nature-society relations as a means of developing a new relational understanding of how the nonhuman can be understood in conceptualisations of gift exchange.
Looked at from a different point of view, though, a NEAD chain is not like gift exchange at all.
The protocol people (as well as the British Embassy which would have been involved in the pre-visit planning and gift exchange) should have known, and advised accordingly.
migration patterns, molecular evidence, dress etc; rural settlements (churches, construction techniques); mortuary ritual based on discovered graves; food production (field patterns, woodlands, plants and animals); craft production and technology; trade, exchange and urbanization (the role of late Roman towns, coinage, markets, boroughs); the body and life course (childhood, diet, disease); the archaeology of religion (pre and post-conversion); signals of power (gift exchange, crime and punishment and intellectual territories').
nurture debate, he maps acts of consumption onto four Darwinian drives: survival, related to foods eaten that are high in calories; reproduction, through the use of products as sexual signals; kin selection, in gift exchange with family members; and reciprocity, by offering gifts to close friends.
Keywords: Gift Exchange, Non-monetary Perks, Social Exchange, Asymmetry of Reciprocity
SIX SECRET SANTA GIFTS The annual inter-office gift exchange, commonly called Secret Santa, is upon us.