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May 25, 2012

The Emmys goodie bag is taxable income

by Anna Johns, posted Aug 15th 2006 2:01PM
emmy awardThis year's Emmy Awards goodie bags are worth an estimated $27,000 to $33,000, depending on how big of a celebrity you are, and it's all taxable income. Bah humbug. The Academy of Television Arts and Sciences just sent a letter out to celebrities to remind them to pay taxes on the goodies.

Blah, blah, blah. You want to know what's in the goodie bags, don't you?

OK. This article has the complete list, but I'm just picking out the interesting stuff including vacation packages in New Zealand, Hawaii, California, and Whistler, B.C. It also includes one-year membership to YogaWorks, a $329 Sprint phone, gift certificates for spas and restaurants, Diamo scooters, and Dooney & Burke luggage. Of course, the stars don't have to pay taxes on the goodies if they donate it to charity or turn it down altogether.

The Emmys air Sunday, August 27th on NBC. Thankfully, Conan O'Brien hosts.

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Dottore

Of course you still have to pay taxes. If you get your paycheck for $1,000 and go to the bank and turn it into cash and someone steals that, you still have to pay taxes.

August 15 2006 at 11:17 PM Report abuse rate up rate down Reply
Eric J.

What if some cheap hood punches you in the face and steals your basket? Do you still have to pay taxes?

August 15 2006 at 2:17 PM Report abuse rate up rate down Reply

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