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  Obama, The Nobel Prize And The IRS
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ContributorBrandonius Maximus 
Last EditedBrandonius Maximus  Nov 21, 2009 04:10pm
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AuthorROBERT W. WOOD, Forbes.com
News DateSaturday, November 21, 2009 10:00:00 PM UTC0:0
DescriptionRegifting has a long and honorable history. No doubt even ancient peoples did it, passing on to someone else a gift they didn't want or need. But the term itself is of recent origin--credited to a 1995 episode of Jerry Seinfeld's eponymous series.

Since then, regifting has literally come out of the closet. In an poll, 60% of women and 40% of men admitted to having regifted. There's even a "Gift and Re-Gifts" neighborhood on.

Even more respectable is the practice of regifting a cash award to charity. Most recently, President Obama said he'd be donating the $1.4 million Nobel Peace Prize to charity.
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