Re: [matplotlib-devel] matplotlib donations

[Eric F. <ef...@ha...>]

John Hunter wrote:
> On Dec 3, 2007 1:15 PM, Eric Firing <ef...@ha...> wrote:
> 
>> Just a question: how do you handle taxes?  Won't you be stuck paying
>> income tax on any donations?  Not that I know of any way to get around
>> it short of incorporating as a nonprofit.
> 
> That is a good question -- does a donation not count as a gift?  I
> think gifts under 10,000 are tax free.
> 
> JDH

It looks like you are right, based on a quick googling; at least 
individual-to-individual gifts are not reportable as income.  It also 
makes sense; otherwise all the little donation funds that arise to help 
people under special circumstances would not work.

Eric