Tuesday, April 10, 2018

Youtube daily report Apr 10 2018

[♪INTRO]

One Friday in October 2016, a big chunk of the Internet went missing.

The internet company Dyn, which routes traffic to Twitter, Netflix, and thousands of other

sites, had been paralyzed by bogus requests from hundreds of thousands of computers, all

infected with a malicious software called Mirai.

But these weren't any old computers.

Many were webcams, smart light bulbs, fitness trackers, and other everyday devices that

connect to the internet.

Collectively, they're known as the Internet of Things, or IoT.

As these gadgets gain new abilities, like how a wi-fi enabled doorbell might be able

to unlock your front door, they also offer fresh opportunities to cybercriminals.

So just how worried should you be about that smart toaster?

And what can we do to make our stuff safer?

Internet of Things gadgets are vulnerable to the same takeovers as regular computers.

But their access to the physical world can make the consequences much bigger.

For instance, if your livestreaming dog monitor is hacked, your private data can be exposed

— things like pictures of your family or the layout of your house.

Or someone could make your kid's wi-fi enabled talking teddy bear say anything.

That's pretty creepy, but it gets even scarier when you replace the teddy bear with a home

security system, a car, or a pacemaker.

The damage isn't limited to the thing that's been hacked, either.

A lot of these devices, and sometimes even your laptop, assume that they can trust other

machines connected to your home wi-fi network.

So if your smart water bottle is compromised, the hacker might be able to send commands

to the smart lock on your door, too.

Now, there are also serious risks beyond individual owners.

The most common thing that hackers do with their machine victims is weaponize them into

botnets—armies of enslaved drones.

Then, criminals can hide their nefarious activities behind the normal internet traffic of thousands

of machines.

For example, in 2014, a massive botnet that included TVs, routers, and at least one smart

refrigerator, was caught sending millions of spam emails.

And if a botnet like Mirai suddenly floods a company like Dyn with traffic, it can take

down web services in a distributed denial-of-service attack.

It's like if your telephone was forced into a pool of a thousand auto-dialers constantly

calling a pharmacy: real calls can't get through, and there are so many involuntary

fake calls that the company can't block them all.

Now, these issues aren't unique to the Internet of Things.

But IoT devices are extra vulnerable.

Manufacturers bring them to market as quickly and cheaply as possible.

All too often, the place they cut corners—you guessed it—security.

Many companies grab off-the-shelf software and don't customize it for each device.

For instance, smart light bulbs don't need printing software, but manufacturers might

not bother to delete it from the stock operating system.

So if the chunk of code that accepts files for printing mistakenly allows a hacker to

inject their own program, you're in trouble.

And these things rarely update automatically; nobody wants to flip the light switch and

hear, "Please wait until your lights finish updating."

So even if a security bug is fixed, those app-controlled bulbs may never hear about

it.

Plus, any operating system is only as secure as the password you need to log in and make

changes.

And manufacturers of IoT devices often set passwords to dumb, predictable defaults like

"admin1234"… and who changes the password on their smart egg tray, anyways?

To make matters worse, the hardware might have too little memory and processing power

to run standard defenses like firewalls, which try to block unwelcome intrusions from the

internet.

And how would you even know that your smart weight-loss fork is infected with a virus

when its only way of communicating is buzzing?

Finally, the sheer scale of the Internet of Things intensifies the problem.

Mirai grew way bigger than most botnets simply because there were so many vulnerable IoT

devices.

So…this can all sound pretty terrifying.

But the truth is that for now, the main threat to an average user is garden-variety data

theft.

Most of the fancier attacks are too difficult and their payoffs are too low for crooks to

bother.

After all, if your enemies are so committed that they'll track down your glucose monitor

and hack it, you probably have other things to worry about beyond IoT security.

But it may not be long before a hacker can lock your smart thermostat at its max while

you're on vacation, running up your energy bill until you pay a ransom.

If manufacturers don't start baking security into the design of their products, experts

worry that we're heading for a trainwreck.

They suggest a couple of solutions, including being selective with what data to record,

and encrypting whatever data is sent around.

They also recommend that manufacturers set a unique default password for each device

and only accept commands from someone who's logged in.

Automatically monitoring for suspicious activity would help, too.

There are also a few steps you can take to protect yourself from your devices:

You can manually check the manufacturer's website for updates and change any passwords

that the software allows you to.

Don't put webcams anywhere you wouldn't broadcast.

Isolate smart devices on separate wi-fi networks from your computers and phones.

You can do that with a second router, or on some routers you can just set up a second

untrusted "guest network."

And, y'know, consider whether you really need that hairbrush to connect to the internet.

Ultimately, though, it's going to take pressure from all of us.

Manufacturers need to hear that we don't just want cool features, but guarantees that

they'll keep us safe.

Thanks for watching this episode of SciShow, which is produced by Complexly, a group of

people who believe the more we understand about the world we live in, the better we

get at being humans.

If you want to learn more about this stuff, check out the Crash Course computer science

series at youtube.com/crashcourse.

[♪OUTRO]

For more infomation >> How Worried Should You Be About Smart Home Security? - Duration: 5:54.

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Al Bano conferma la rottura con la Lecciso: 'Non voglio neanche sentirla al telefono' | K.N.B.T - Duration: 7:24.

For more infomation >> Al Bano conferma la rottura con la Lecciso: 'Non voglio neanche sentirla al telefono' | K.N.B.T - Duration: 7:24.

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PriBot - AI Powered Chat Bot that Navigates Privacy Policies - Duration: 1:27.

In the wake of privacy concerns

users are asking 'just how safe is our data?'

Michigan researchers have created a solution - PriBot

PriBot is an AI bot that helps users navigate privacy agreements.

It uses natural language processing

to help ask the right questions

and find and simplify the answers for users.

Researchers hope users will make better decisions with their data with PriBot.

www.pribot.org

For more infomation >> PriBot - AI Powered Chat Bot that Navigates Privacy Policies - Duration: 1:27.

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DIA DE SOLTAR PIPA TIRANDO RELO COM OS AMIGOS - Duration: 6:20.

For more infomation >> DIA DE SOLTAR PIPA TIRANDO RELO COM OS AMIGOS - Duration: 6:20.

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Suzuki Swift - Duration: 1:10.

For more infomation >> Suzuki Swift - Duration: 1:10.

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Don McLean związał się z 24-latką! - Duration: 2:23.

For more infomation >> Don McLean związał się z 24-latką! - Duration: 2:23.

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夜間咳嗽呼吸有響聲 是什麼原因?怎麼辦?|2.509.283 次觀看 - Duration: 10:07.

For more infomation >> 夜間咳嗽呼吸有響聲 是什麼原因?怎麼辦?|2.509.283 次觀看 - Duration: 10:07.

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肛门湿疹可以用碘伏吗 肛门湿疹用什么比较好|2.509.283 次觀看 - Duration: 10:58.

For more infomation >> 肛门湿疹可以用碘伏吗 肛门湿疹用什么比较好|2.509.283 次觀看 - Duration: 10:58.

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Tom Arnold Just Threw Co-Star Roseanne Under Bus With How He Really Feels About Her Trump Support - Duration: 5:20.

Tom Arnold Just Threw Co-Star Roseanne Under Bus With How He Really Feels About Her Trump

Support

Fledgling actor Tom Arnold just threw his old co-star under the bus when he trashed

her in regards to her personality and support for the American President, Donald Trump.

Arnold had no problem stating how he felt about his ex-wife, Roseanne Barr, and attacked

her for simply being herself, which is someone that millions of Americans have fallen in

love with for the second time.

It's hard enough to be popular the first time, but then to make a comeback and have

sky-high ratings is simply amazing.

Tom Arnold was a former costar on the Roseanne show.

He stared in 20 episodes from 1989-1992.

He also helped write a few episodes, then later produced 100 more episodes from 1990-1994.

If anyone should know Roseanne pretty well, it's probably Tom Arnold considering he's

been around her from 1989-1994, a long enough time to get to know someone on and off the

set of a popular television series.

But as time goes on and people change, it wasn't much shock to see Arnold throw shade

at Roseanne simply for being herself.

She's patriotic, sarcastic, and likes to do things her way.

It's something that she's entitled to as an American and people have the right to

watch her show or ignore her entirely.

When Tom Arnold went after her with snide commentary, it wasn't that it was surprising

he would do something like that to a celebrity, but this was one of his co-stars and they

were very successful together.

It's a shame they couldn't have each other's back now.

TMZ reported more about the conniving comments: "Tom Arnold can't fathom how Roseanne

still has a job … but he says the least ABC can do is apologize for her insanity.

We got Tom at LAX on Sunday and asked him about his ex-wife, Roseanne, whose show reboot

has brought her new glory, but also scrutiny given she's a Donald Trump supporter.

Plus … she's also under fire for spreading conspiracy theories on Twitter … like when

she tweeted and then deleted David Hogg gave a Nazi salute at the March for Our Lives rally.

Roseanne also posed as Hitler back in 2009 for a Germany issue of the satirical Jewish

magazine, "Heeb."

Tom struggles to understand how Roseanne reached this level of nonsense."

Tom really wants ABC to apologize for Roseanne getting millions of viewers on their show?

I'm not sure that's how it's going to work out.

Tom Arnold, not to be confused with John Goodman, would be in his best spirits to be congratulatory

and welcoming of Roseanne and her new show, but he's not.

He went on the offensive and showed his darker side.

That's all good and dandy, also part of his American privilege to like and dislike

whom he wants, but what's the point in him attacking her like that?

Is it because Arnold is a stone cold liberal and Roseanne is a hot spitfire Trump supporter?

Can't they put politics aside and shake hands, maybe welcome Tom onto an episode since

he was a big driving force in her former success?

The biggest problem with Tom Arnold's comments is that they are divisive and split people

apart instead of bringing them together.

Roseanne's show isn't liberal, but Tom sure seems to be, and that's OK as long

as they both accept who they are as individuals.

Their politics shouldn't be the bane of their existence and stop them from being cordial.

Alas, this is the part of politics that everyone dislikes.

This is the part where everyone falls apart and refuses to be civil to each other.

There's no need for Arnold, whose career is failing, to attack his former co-star and

ex-wife.

It would have been more respectful of him to congratulate her success and wish her the

best as they travel their own path.

But that's not his modus operandi.

Not Tom Arnold!

The comments on TMZ spoke unkindly about Tom Arnold and his attack on Roseanne.

"Faye • 7 hours ago I think Tom must need some attention.

If not for Roseanne, no one would have ever known who he was.

Pimpcessa • 6 hours ago Spoken by the guy that would be NOBODY if

not for Rosanne and her craziness.

This guy owes his whole career and livelihood to Rosanne.

Evo Shift Faye • 4 hours ago Tom is a jealous has been who' owes everything

he has to Rosanne.

Another loser suffering from anti Trump syndrome.

Enjoy the next 7 years, losers

TomAZUSA • 7 hours ago Rosanne should apologize for Tom Arnold.

If it wasn't for her we would never have to hear his annoying voice.

Thanks a lot.

TRM Dude • 7 hours ago he's a bit of an ingrate… get over yourself

self bro… thanks to her you don't have to get a real job

Frank Lea • in a few seconds Seems like she did right in 1994 when they

split.

pmo • 5 hours ago tom arnold was an unknown, unsuccessful comic

who latched on to RA, married her, cheated on her, and got a 30 M $ settlement.

end of story."

what do you think about this?

Please Share this news and Scroll down to comment below and don't forget to subscribe

Top Stories Today.

For more infomation >> Tom Arnold Just Threw Co-Star Roseanne Under Bus With How He Really Feels About Her Trump Support - Duration: 5:20.

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ROBERT MUELLER ROCKS DC WITH MAJOR TRUMP ANNOUNCEMENT - Duration: 11:26.

ROBERT MUELLER ROCKS DC WITH MAJOR TRUMP ANNOUNCEMENT

A disturbing announcement was just made about White House Special Counsel Robert Mueller's

investigation that has Donald Trump's supporters praying for him.

Fox News reported that Judge Andrew Napolitano warned that anyone who thinks Mueller's

investigation is winding down is in for a big surprise.

"I believe he's gearing up and the president remains in his crosshairs," Napolitano said

during an appearance on "Fox & Friends."

New reports have indicated that Mueller's team has interviewed George Nader, a businessman

who advised United Arab Emirates leaders and visited the White House frequently last year.

Mueller is now trying to figure out if the UAE bought political influence with the Trump

campaign.

Napolitano added that the recent guilty plea by Rick Gates, the longtime business partner

of indicted former campaign chairman Paul Manafort, has provided Mueller's team with

a "treasure trove" of information.

Though Gates worked on Trump's campaign and frequently visited the White House, he

and Manafort are facing charges that predate the campaign.

Napolitano made sure to point out that Gates originally faced exposure to up to 40 years

in prison based on all the charges Mueller filed.

"He pleaded guilty and his exposure went from 40 years to three years.

He obviously is prepared to tell them a lot of information to get that exposure to go

way down.

… This is unbelievable," he said.

The Fox News senior legal analyst also discussed the strange events surrounding fired Trump

aide Sam Nunberg, who dared Mueller to arrest him and refused to go before a grand jury.

"Why he did what he did yesterday, I don't know.

Unless he really wanted to discredit himself or he really was inebriated," Napolitano

said.

It's sad that this witch hunt against Trump is being allowed to continue despite the fact

that Mueller has found no concrete evidence against him.

What do you think about this?

Let us know your thoughts in the comments section.

For more infomation >> ROBERT MUELLER ROCKS DC WITH MAJOR TRUMP ANNOUNCEMENT - Duration: 11:26.

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The Latin Sample Behind Cardi B's "I Like It" | Genius News - Duration: 1:08.

Announcer: Paying tribute to such wonderful legends like Pete "Boogaloo" Rodriguez.

Lisette: Yeah I got my own cubicle and everything.

Lisette: Mr. Price I wanted to talk to you about the marketing campaign.

Mr. Price: Marketing campaign?

For more infomation >> The Latin Sample Behind Cardi B's "I Like It" | Genius News - Duration: 1:08.

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Illustrations About The Sad Truth Of Modern Life - Duration: 3:54.

Illustrations About The Sad Truth Of Modern Life

For more infomation >> Illustrations About The Sad Truth Of Modern Life - Duration: 3:54.

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惨遭《歌手》淘汰,却比黄绮珊jessie j收获更多,是最大受益者! - Duration: 6:05.

For more infomation >> 惨遭《歌手》淘汰,却比黄绮珊jessie j收获更多,是最大受益者! - Duration: 6:05.

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歌手2018總決賽幫唱嘉賓陣容公布 新一屆的歌王會是他嗎? - Duration: 5:03.

For more infomation >> 歌手2018總決賽幫唱嘉賓陣容公布 新一屆的歌王會是他嗎? - Duration: 5:03.

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Perspective et point de fuite - Nikon P900 - Duration: 5:02.

For more infomation >> Perspective et point de fuite - Nikon P900 - Duration: 5:02.

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치밀하지 못한 국산화의 출발 K-1 기관단총 ✌ - Duration: 6:28.

For more infomation >> 치밀하지 못한 국산화의 출발 K-1 기관단총 ✌ - Duration: 6:28.

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K TEK NO LOGIK 2010 edit+fx 2018 - Duration: 26:16.

One, two...

Un, deux...

Hi !

Well,

I'm called Silas

or Silas Albion,

Silas Albion

I'm french.

(smile) Euhm.

Je m'entends pas.

Yeah, I'm french.

It's the first time

I'm here,

euhm, like that,

talking to you.

I am...

I feel like an artist.

I try

to express myself

via videos,

on Youtube,

via songs, musics.

I wish you like my musics, my words, my songs,

my photos...

Pictures.

Euhm...

The idea of this video

is to talk to you,

naturally,

and

talk about « K-

TEK-NO-LOGIK »,

the new album.

It's a remix album.

Old songs, new songs,

old musics.

Well,

first, I don't know.

I was remixing an old song.

And the idea :

remix, remix, remix...

So, I remixed all the songs.

All the musics.

It's summer, so,

you know,

I wanna dance,

I wanna have fun,

I wanna feel good energy.

So, I was thinking

« Why you don't make a new album ? ».

But, different.

Different songs, music.

I mean the idea of a new Silas.

Well,

Silas, who he's ?

It's me, it's myself.

I am Silas.

I translate... Silas...

It's an energy from Universe.

I am like a medium.

So,

I am myself, myself,

and I translate

what Energy

tell me.

Energy tells me.

M.

I don't speak fruently English.

So, it's not easy for me to express myself in English.

And I wish you understand me.

Euhm...

Well...

I live in France, in Montpellier.

I am french,

I was born

in this city,

this town.

In Montpellier.

I smoke,

you know.

Sometimes,

I drink beer.

Yeah, my microphone doesn't work.

I need to buy another one.

But, well...

All is cool...

Oh, damn !

Ok.

Don't want.

1-2.

I am

a good person.

Euhm.

When I'm on Youtube,

when I'm on Youtube,

I put videos and photos

to express myself

artistically,

to express myself

as I am,

and to express

what

I feel,

or what I see

in this moment.

And I share

with you,

euh,

Life...

Things like that,

you know.

Society, Life,

Life in society

means

everyone

have to

connect

to the Sky, to Universe.

And feel

the real Energy.

Means :

each one

is an energy

Each one,

in its life.

You are an energy.

Connecting

to Internet,

one and one and one and one, etcetera,

make a good and big energy,

you know.

And this energy

have to connect to THE Energy.

Maybe we can

make things better in this life,

maybe

we can

change life,

in this life,

in this society's life.

Euhm...

How to say ?

You know

the World

turns,

we wake up,

Sun is above...

It's Life.

So, I try to explain that.

In my songs,

in my videos.

We have to pay attention of that.

Universe.

Euh...

Yeah, Universe.

But,

in this life,

everyone can...

Everyone

can change

things,

can change minds,

can make open...

No, make to open minds,

and we can,

all, we can,

make this Earth

a better place.

But,

it's just one thing I try to explain.

The other thing I try to explain

is

I am

as a medium.

I...

I receive messages from Earth, from Universe.

I am affected by that.

I am like that.

And,

it's important

that everyone understands

things happen

now.

And,

we can smile.

Don't need to be afraid.

But, together,

we can make

life better.

I wish.

All

we can.

Euhm...

It's

one thing.

And,

Music, because...

I'm not

a professional musician,

and I like Music. I am Music,

I feel Music inside me.

I was born.

Before I was born,

my mother

was dancing.

My family...

Euhm...

Siempre

estaba con la Música.

My family is from Spain.

So, Music is...

Es mi Sangre, you know.

So, I try,

with softwares,

I have

to make music

to translate how I feel,

how I see things,

my ideas if I have...

I don't know exactely...

I have some ideas but...

It's not important.

I translate.

I only translate.

An artist is that :

translating

energies from Energy.

But I am

a human being too.

With feelings, with emotions.

I am not perfect,

I don't wanna be perfect.

I am as I am.

And...

I know me.

I love myself.

I talk with myself.

Each day.

I am strict with myself.

I am...

I am...

here with you talking about things,

about Life...

You see my eyes ?

Well, sometimes I'm stupid...

Sometimes.

But I'm serious too.

Maybe often.

But, but, euhm,

well, I was talking about Life, what I am on Youtube,

this new album « K-

TEK-NO-LOGIK ».

Tech no - logic !

Because Internet,

you know.

Internet, I'm often on internet,

we live with internet,

we live with Iphone, things like that.

So, technology.

Because now,

after evolving,

I realise technology is new life.

In 2010.

Well, yearh, 2012,

but I don't wanna talk about that.

I just wanna talk

with you

about things,

about me,

about what I am here,

here on this video,

why I put videos on Youtube,

why I am on websites...

Why ?

Well,

because I need,

because I am

a human being,

because I am

like you, too.

I am

a being,

human being,

yeah a human being.

Euhm...

And...

I believe in Life,

I like Life, I love Life,

Life is a great energy.

M.

Love is a great energy too.

Yeah, Love is a great energy.

M.

I like to sing Love.

I like to sing,

music,

dance, writings and things,

things like that.

But

I write too.

Sometimes,

I put my writings

on a... In a website.

I don't know,

I need to explain, to speak,

to talk,

to share,

write things in Internet.

Be there, be here.

Things like that.

I wanna...

I wanna be here for you,

be present for you.

I wanna...

I wanna...

I don't wanna, especially, but,

I feel that,

I have to be here

on the Internet.

With the Internet, I travel,

I found,

I meet,

I meet people,

friends,

more or less,

but friends.

And

I met Love twice.

Well, you know.

First love became a friend, I think.

And the other love,

it's weird.

But, Internet is a good thing.

So, technology.

But, tech « no » « logic ».

I don't know how to explain my new album

but

the idea with remixes

is

« no logic ».

Just feel it.

Just express it.

Feel a vibration.

And dance.

And sing. And have fun, and...

You know...

Live.

Feel Life,

Live.

Not forget but

make a break.

2 hours,

you know...

Feel things,

be happy inside,

and

I wish...

I wish

you feel the energy of this album

and you are travel too,

and maybe you found

Salvation.

If you are sad, if you are lost.

If you are happy,

in your life and all is good,

so it's just an album to dance.

You know.

But,

I don't know how to explain.

I wanna make happy people.

How to say that ?

Euhm...

When all people is happy,

I am happy too.

Because, like Internet,

good connections,

good vibrations.

Life.

M.

It's life and I love life.

Well,

sometimes we are sad,

or in a bad mood,

and I wish

my music

makes you happy,

or a lil glad.

Just that :

a lil glad.

But,

all I have to say is

have fun,

make life better,

and don't judge,

take life easy,

smile to life,

love, share love.

All we need is Love,

Friendship,

Attention,

Happiness,

Freedom,

Music,

Dance,

Sounds, Melodies,

Etcetera...

Right !?...So...

Let you go with the Flow.

Connect to the Sky,

to Universe.

Don't be afraid to try.

Don't be afraid.

M.

Thanks for watching,

for listening.

Thanks.

Peace'N'Love.

Arrivederci,

yeah...

Adéu.

Ciao.

Adios.

Goodbye.

Merci, Aurevoir.

And,

I don't know...

I have to say

things...

Maybe

in another album,

maybe

in new video...

M.

Keep in touch.

M.

Peace.

The Light is in you.

Yeah,

the Light is in you.

For more infomation >> K TEK NO LOGIK 2010 edit+fx 2018 - Duration: 26:16.

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Gifting - Duration: 6:15.

Hi. Lee Phillips again.

I'm going to talk to you for a minute about a concept called "gifting."

Yeah, you know what gifting is-- you give something to somebody.

But the funny thing is, is the IRS and the government has an interesting way of looking at gifting.

They figure that if you're gifting somebody something

that's an accession to wealth

it's an increase in their wealth

somehow there ought to be a tax in this

and guess what?

They've imposed a gift tax.

Yes we have a gift tax.

We have income tax

estate tax--that the dead guy pays

and we have gift tax

the person who gives the gift

pays the gift tax.

the person who gets the gift

does not have to pay the gift tax.

And I get the question all the time

How much can I give somebody and not have to worry about the gift tax?

Well there's what's called the "annual exclusion"

and you can give somebody

right now it's $14,000 a year

that's adjusted for cost of living increases

it's tied to the index

and it goes up

but it only goes up in thousand-dollar jumps

so it'll be a year three or two or whatever

before we jump to 15,000

and I remember when it started out at $10,000

so that tells you that I'm older than I look, right?

But at any rate

You can give somebody $14,000 or under

and there's no gift tax consequence

it's just under the board

its "de minimis"

as the IRS would call it

and so you can give each one of your grandkids $14,000

now my wife

she can give each one of the grandkids $14,000 also

that's not a gift but

there is a catch

the catch is they see,

the IRS sees

$28,000 coming out of my bank account

to each one of these kids

that's a gift

so technically what you need to do is file what's called a "split gift" return

you're just telling the IRS

that he gave $14,000 and she gave $14,000

and by the way I have seen the IRS come back and say oh you gave $14,000, huh?

Did you give the kid a Christmas present?

What'd you give him for for Christmas?

that's over $14,000.

So I usually tell my clients that they should be just a little under the $14,000.

There's a concept called "discounting"

that we need to talk about in this gift stuff also

and that is if I give you a hundred dollar bill

that's 100 bucks right

but if I take the hundred dollar bill and I put it in my limited liability company

or my corporation, we'll put in a corporation

and then I give you $100 worth of stock in my little corporation

what's that worth to you?

Is that worth $100 in green?

Not likely.

You can't sell the stock.

I'm not gonna pay a dividend.

What's the stock worth to you?

It certainly isn't worth $100.

I mean I'd rather have $100 in green than your stock certificate

and the IRS recognizes that

so they will discount this value of the stock certificate

even though it's $100

when I get it

the IRS says that's not worth $100.

The problem is people have abused that discount.

They've said, "Oh yeah it's only worth 20 bucks"

and the IRS, they argue back and forth

basically if you're discounting above 25%, you're going to be in trouble.

$o maybe the stock certificate is only worth $75 or $80

but that's still a discount

and I can just take my cash put it in the company

give the kid the stock certificate, then I have discounted it.

We're doing that for gift tax purposes

and to get property out of a large estate.

Now you don't have to worry about large estates too much anymore

because of the federal estate tax

went up

under Trumpy it went up to almost $11 million a person

husband can give 11 million wife can give 11 million

that's 22 million that eliminates estate taxes for most of us

additionally

the gift tax, if I give a million bucks today

there's a gift tax on that

but the law says I get a credit

to pay gift tax or estate tax

it's called the unified credit

because the gift tax

and the estate tax are unified.

And I get a certain amount of credit

I get enough credit

to pay the tax on the $11 million

actually it's $10,989 or so--I mean

it's anyway it's not quite 11

but I get the "credit"

equal to the tax that would be charged on that.

Now I can use that credit during my life

to pay the tax on the million dollar gift

which means I don't have as much to pay tax with when I die

but there's no actual out of money

out of pocket money

paid to pay the gift tax

on the 11 million and excuse me on the million dollar gift

unless my cumulative gifts are above the eleven million dollar level

you understand?

I hope so.

Because that was as best Ize could dos

Hey this is Lee Phillips talking about gifting.

For more infomation >> Gifting - Duration: 6:15.

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