(March 12 23:24) Forbes.com
The faux gold statue isn’t taxed as income, but all those pricey luxury goods advertisers hand out to stars, they are taxable income. And the gifts are expensive, $126,000 worth this year. At the 37% IRS tax rate, that’s $46,620. Most stars will have to pay California’s 13.3% tax too, another $16k.
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