Tuesday, March 07, 2006

Oscar™ gift bag = $30,000 in taxes!

From imdb.com:
Guests who took home gift-packed bags from Sunday's 78th Annual Academy Awards ceremony may have to pay $30,000 in taxes on their new acquisitions. The bags, which included a $7,000 Victoria's Secret underwear set and a coupon for Lasik surgery, are worth approximately $100,000 each. And unfortunately for the celebrities present, the Unites States Inland Revenue Service has declared that the bags given to Oscar attendees count as taxable income. IRS commissioner Mark Everson quips, "We want to make sure the stars 'walk the line' when it comes to these goody bags."
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posted by Brian at 11:35 AM


Blogger Sagepaper said...

It sounds as though the Inland Revenue Service is trying to expand it's domain to include the coasts. Will they reach Hollywood and Broadway? ;-)

March 18, 2006  

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