>Oh, so my daughter owes taxes for the allowance I give her?
>How about if I sent her to a very expensive private school, does she owe tax on that value?
I think you'll get both your questions answered here
http://www.forbes.com/sites/deborahljacobs/2013/11/01/the-2013-limits-on-tax-free-gifts-what-you-need-to-know/
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