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Thread: Does a sugar baby pay taxes?

  1. #26
    God/dess BlkSharpie's Avatar
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    Default Re: Does a sugar baby pay taxes?

    It still does not matter...a gift is a gift..and the gift giver has to pay the taxes on any amount over $13k, no matter what they look like or whether its percieved one is milking the other for anything...thats a personal choice/lifestyle/etc...which the IRS doesnt concern itself with. They only care about numbers.

    Services is different altogether...a reputable company would not accept money as gift instead of payment for service, because then that would mean they dont actually have to get paid..and if someone does not pay them for services rendered, they do not have any legal repercussions, because in turn, the services they provided were actually just deeds done out of the kindness of their hearts. No business would survive on those kind of terms.

    Of course I would really like to see something from the irs.gov site about this clause...I genuinely mean it..because I have searched, myself thinking that sugarbabies do have to pay some sort of tax, and thats how I came across the information I shared earlier. And that *does* make sense...no matter how rich or how poor someone is, or how pretty or ugly someone is...or how much or how little the value...a gift is a gift, not payment for services rendered which would be taxable by the person getting it.

    But Ill eat my words if Im wrong Would like to see the gov link with info about this...

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    Default Re: Does a sugar baby pay taxes?

    The thing is , a sugar baby IS being paid for a service- she is being paid to associate with the guy in question , and at least here , if there is enough evidence to support that, then 'he gave me it ' just won't stand up in court , especially if there's a few gifting men involved !

    They only care about numbers indeed - So a rich sugar baby , driving her Porsche and living in her mansion , with several sugar daddys providing her with regular 'gifts' , is not going to go down with HMRC. It definitely wouldn't here . They are not stupid - they would want to know what exactly was enticing all these 'gifts' ..... I don't know about out there, but in the UK - even tips are supposed to be declared on tax returns .

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    God/dess BlkSharpie's Avatar
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    Default Re: Does a sugar baby pay taxes?

    Yup definitely...as part of job if you get tips, like people in service job, they all have to be reported as payment.

    But if gf getting money from a bf...no matter her age, no matter his wealth, is not a job description and the money she gets is a gift, not income. Using your example, if a guy buys a girl a porshe and a mansion, thats clearly over the $13k limit..he has to pay taxes on that gift..not her. The IRS isnt going to both tax him for giving it and her for getting it.

    But like I said..I posted a link from the irs about how they handle taxable gifts. I really would like to see some info about this sugarbaby clause so that I can check it out...

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    Default Re: Does a sugar baby pay taxes?

    What about in the case of getting money from lotsa boyfriends ?

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    Default Re: Does a sugar baby pay taxes?

    Sorry but I wouldn't report it.

  7. #31
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    Default Re: Does a sugar baby pay taxes?

    Quote Originally Posted by ukmissy View Post
    What about in the case of getting money from lotsa boyfriends ?
    Nothing in there saying theres a limit to how many people a person can get gifts from...(popularity tax? hehe) if any of the amounts is over $13k from one person, then that person giving it owes taxes on it.

    Each gift giver has a limit of $13k per person before its taxable...and its the gift givers responsibility to pay taxes on anything over it.

    Unless, of course...theres something on the irs site that says otherwise... Im just speaking from the info that I found on there.

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  9. #32
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    Default Re: Does a sugar baby pay taxes?

    Maybe I'll move to USA :-P

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    Default Re: Does a sugar baby pay taxes?

    LoL!!! Well...the trouble of course is *finding* the sugar daddy to even make all this an issue!!! And my luck...most of the wealthy guys that I find are interested in me are from Europe...but I cant move there...its too cold lol

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    Default Re: Does a sugar baby pay taxes?

    hehehehe sugardaddies are not hard to find in the Carolinas!!!!!!!!

  12. #35
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    Default Re: Does a sugar baby pay taxes?

    Quote Originally Posted by TouringGirlfriend View Post
    hehehehe sugardaddies are not hard to find in the Carolinas!!!!!!!!
    Yeah yeah..rub it in Lmfao!!! Believe you and me..I *will* be out there...ready to do some serious damage.

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    Default Re: Does a sugar baby pay taxes?

    Quote Originally Posted by BlkSharpie View Post
    Yeah yeah..rub it in Lmfao!!! Believe you and me..I *will* be out there...ready to do some serious damage.
    Hehehehehe I'm still shocked that wyp wasn't working for me but craigslist is... that's so odd!!

  14. #37
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    Default Re: Does a sugar baby pay taxes?

    Quote Originally Posted by TouringGirlfriend View Post
    Hehehehehe I'm still shocked that wyp wasn't working for me but craigslist is... that's so odd!!
    Ill bet its because Craigs is way more popular, and unless a guy is seriously spending enough time online to even know about WYP..hes not going to know about it.

    I really would bet most of the guys on that site leaked over from the sugar daddy/cam/etc online sites and its the same ol circle of people. Youre meeting guys that dont have that kind of time or know how to jump on the latest craze..for all they know there isnt even a craze. Theyre too busy working to keep up with all of that! LoL

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