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Oscars and Taxes (DOC)

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Title:
Oscars and Taxes

Word Count:
343

Summary:
Ratings for the Oscars were down a whopping 10 percent compared to 2005.
Well, at least the Internal Revenue Service was watching.


Keywords:
oscars, goodie bags, tax, taxes, irs, johnny depp, jouqian phoenix, walk
the line


Article Body:
Ratings for the Oscars were down a whopping 10 percent compared to 2005.
Well, at least the Internal Revenue Service was watching.

Goodie Bags – Not So Goodie

Actors that get nominated for an Oscar are might happy indeed. Praise
rains down upon them for a good performance and better parts are often in
the offering. Win an Oscar and the world is their oyster. More important
than all of this, of course, is the Oscar goodie bag.

Get an Oscar goodie bag and you know you’ve made it in Hollywood. The bag
is a collection of obscenely expensive things. The 2006 goodie bag was
valued at over $100,00 and included items such as vacation packages to
posh resorts with a butler included, the latest mobile phone gadgets,
more vacation packages, private rooms at top restaurants and so on. Heck,
who needs to actually win the Oscar?

In a hilarious and cheeky move, the IRS decided to have a little fun with
the nominees. Just days before the show, the service issued a press
release. It wished all the nominees the best of luck at the show. IRS
Commission Mark Everson than reminded the nominees that the goodie bags
were taxable and he wanted them to Walk the Line. I kid you naught.

In this instance, the IRS has really gone to far. Why must the agency be
such a burden to the hard working professionals in Hollywood? Just one
look at Joaquin Phoenix and you could see the effect. Or it could be
constipation, but who can really say.

This move by the IRS is particularly overbearing when you consider the
non-winners. Winners could care less about the taxes since an Oscar is a
guarantee of more roles and more money.

The losers, on the other hand, must suffer twofold. First, they have to
do their best acting performance by pretending to be happy the lost.
Second, they have to suffer their loss of instant fame. I mean, remember
that actor. Name was Johnny Depp or something? He lost and who has heard
of him since?

				
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posted:3/14/2010
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