AHAHAHAHAHAHAHAHAHAHAHA

>NO REFUNDS

Schizophrenic Conspiracy Theorist Shirt $21.68

Homeless People Are Sexy Shirt $21.68

Schizophrenic Conspiracy Theorist Shirt $21.68

  1. 1 year ago
    Anonymous

    wait, that means the gift bags must worth a shit ton.

    • 1 year ago
      Anonymous

      how old are you?

      • 1 year ago
        Anonymous

        ask your mum

  2. 1 year ago
    Anonymous

    >Paying more in tax on a gift bag than the average person makes in a year

  3. 1 year ago
    Anonymous

    Who's the onions on the right?

    • 1 year ago
      Anonymous

      Director of EEAAO

      • 1 year ago
        Anonymous

        Honestly not surprised he looks like that. Bojack Horseman's creator also has the soi phenotype as well.

  4. 1 year ago
    Anonymous

    Gift bags are money laundering
    IRS not falling for it

  5. 1 year ago
    Anonymous

    QRD?

  6. 1 year ago
    Anonymous

    IT WAS A FRICKING TRAP
    HOW MUCH MORE LIFEBLOOD CAN THEY DRAW FROM BRENDAN HE'S DYING YOU MONSTERS

  7. 1 year ago
    Anonymous

    Okay, good? The gift bag shit is ridiculous anyway.

  8. 1 year ago
    Anonymous

    >Americans can be bankruptcy from a gift

    HAHAHAHAHAHA

  9. 1 year ago
    Anonymous

    Did they learn nothing from the Oprah fiasco about the free cars? Well, it's not like 63k is that much for celebrities.

  10. 1 year ago
    Anonymous

    Thats like half the cost of the shit. Just overpriced creams.

    • 1 year ago
      Anonymous

      Baby foreskin creams

  11. 1 year ago
    Anonymous

    this is just shuffling money around from elites to the federal coffers (which will later be raided by the elites)

  12. 1 year ago
    Anonymous

    What the frick is this homosexual shit?? It’s all shit for women

    • 1 year ago
      Anonymous

      For me it's the alien Black person doll.

    • 1 year ago
      Anonymous

      literally advertisements disguised as gifts

      i assume most of them throw it directly in the trash

      • 1 year ago
        Anonymous

        They probably pass them off to their maids and gardeners (who then sell them on eBay).

      • 1 year ago
        Anonymous

        It’s all fricking plastic surgery and a bunch of overpriced food and alcohol along with gift cards for sponsors.

        • 1 year ago
          Anonymous

          literally goyslop for rich people

        • 1 year ago
          Anonymous

          I badly need that norwood restoration gift card.

          • 1 year ago
            Anonymous

            Just steal it like Chrissy Moltisanti, it's as easy as that T

        • 1 year ago
          Anonymous

          >$50 dollar piece of Australia
          FRICK HOW DO I GET NOMINATED FOR AN OSCAR

        • 1 year ago
          Anonymous

          They forgot to mention, if you buy that plot of land you can legally call yourself c**t or c**tess

          • 1 year ago
            Anonymous

            underrated

          • 1 year ago
            Anonymous

            Amazing

        • 1 year ago
          Anonymous

          That hair transplant doc charges $7000 just for a consultation?

          • 1 year ago
            Anonymous

            >Shit dude, you have no hair
            >Here's a list of expensive surgeries and surgeons I recommend
            >That will be $7000 please

        • 1 year ago
          Anonymous

          >name is literally Dr. Sue
          This dude is 100% running a shell office for keeping celebs drugged/unbogged

          • 1 year ago
            Anonymous

            >I only get 3 days off in 1 year
            wut

            • 1 year ago
              Anonymous

              >land of the free

        • 1 year ago
          Anonymous

          lmao australia wtf have some pride don’t prostitute out your country to these people

          • 1 year ago
            Anonymous

            You can guarantee it's some israelite who bought some large section of uninhabitable land for $1000 an acre.

            • 1 year ago
              Anonymous

              Are you just spitballing that number or is there really land there for $1000? Because I’ll make it habitable if there is.

              • 1 year ago
                Anonymous

                A bit of both. I do remember seeing a map of how much land costs which included dirt cheap prices.
                A bit of googling lead me to
                >One of such areas is the Grenfern region in Tasmania. The piece of land I am talking about costs about 50 cents per square meter
                Since we were talking acres, there are 4046 square meters in an acre making that $2023 per acre.
                No idea how accurate the article is, it's from 2022.
                https://www.architecturelab.net/cheap-or-free-land-in-australia/
                Another one lists a "10 hectare land property" for $29,950.

            • 1 year ago
              Anonymous

              Apparently this area is where you get your land.
              >The land parcels all come with a “certificate of land licence”, but the terms and conditions go on to state that “you have purchased a symbolic souvenir … of the land” and people who own a “pack” may not “take possession of the parcel; use the parcel; enter upon the parcel and/or the land without the licensor’s express written consent”.

              >The Aussie Mate pack is the most basic package the company offers, starting at $79.95 for 1 sq metre, with other pack categories offering up to 10 sq metres for $199.95 in the “Ultimate Bush Rangers Pack”.

              >On Pieces of Australia’s website, the coordinates listed lead to a property at 253 Happiness Road, Tara, which was last sold in October 2021 for $35,000.

              • 1 year ago
                Anonymous

                >Tara
                Yeah land's pretty worthless out there. Probably about 4 hours from Brisbane iirc.
                Had a friend looking to buy acreage a few years ago and that was one of the places he considered, there's no water, elec, etc.
                Would probably be a good investment if you plan on having grandkids, I could see it becoming like a Toowoomba type city in 50 years, as the liveable/expensive areas slowly get pushed further and further out, that sort of thing.

              • 1 year ago
                Anonymous

                To clarify I mean actually going and buying a real acreage yourself to hold onto, not some made up 1m2 novelty thing.

          • 1 year ago
            Anonymous

            yeah i'm 100% sure this isn't a thing.

            t. ausgay

          • 1 year ago
            Anonymous

            Mate, it’s clearly a scam like that plot of land shit to give you the lord title

        • 1 year ago
          Anonymous

          >get free plastic surgery
          >get bogged
          >pay for more plastic surgery to fix it
          >get even more bogged
          We've lost so many celebreties this way.

        • 1 year ago
          Anonymous

          Someday, that $50 piece of land will be worth $50 Million

        • 1 year ago
          Anonymous

          >Plot of land in Australia
          Frick off, celebrity homosexuals. We're full.

        • 1 year ago
          Anonymous

          >get liposuction you fat goy
          would it be rude to refuse the gift because giving it seems like an insult?

        • 1 year ago
          Anonymous

          No wonder everyone is so fricking bogged when they're giving out free visits as party favors

        • 1 year ago
          Anonymous

          >plot of land in ausieland for $50
          Bloody hell.I've heard of real-estate near Chernobyl that goes for more.
          I could probably buy one third of the continent for the balance of my bank account.

          • 1 year ago
            Anonymous

            Single individuals own plots of land bigger than many European countries. It's fricking worthless.

        • 1 year ago
          Anonymous

          >9k for three night stay at a lighthouse
          >3k a night
          do you get unlimited blowjobs? why is it so expensive

        • 1 year ago
          Anonymous

          >liposuction
          >hair transplant consultation
          >botox, peels
          And yet there are idiots on this board who continue to think that their favorite actor looks great because they eat well and use lotions, lmao

          • 1 year ago
            Anonymous

            Why do actors just fall apart? Is it excessive drug consumption?

            • 1 year ago
              Anonymous

              Most of them probably have pretty wild lifestyles with lots of alcohol and drugs. And they age just like normal people, yet they look much better than the average Joe when they're 50. Without plastic surgery and hair transplants most of them would look fricking terrible. Probably even worse than Joe Sixpack at the same age

    • 1 year ago
      Anonymous

      do americucks really give out Black person babies as gifts?

      • 1 year ago
        Anonymous

        Yes. It's customary to always bring a Black person Baby as a gift whenever you go over to someones house as a guest. Americans always keep said babies on hand so that they can give them out. It's considered extremely polite because Americans worship them. That's why everyone is getting butthurt over Abortion Laws. Blacks kill the most babies out of everyone and they worship them, so they want to keep them around as much as possible.

        t. Fat American Cuckold. Son to Jamal. Husband to Karen. Father of my wifes son. And I will have my processed fatty food in this line or the next.

        • 1 year ago
          Anonymous

          Interesting. American culture is interesting.

          • 1 year ago
            Anonymous

            Yes. American Culture is so beautiful. I am so blessed to be part of the best country in the world.

        • 1 year ago
          Anonymous

          wow thats pretty cucked

        • 1 year ago
          Anonymous

          >Fat American Cuckold. Son to Jamal. Husband to Karen. Father of my wifes son. And I will have my processed fatty food in this line or the next.
          based gladiator

      • 1 year ago
        Anonymous

        Well no one is gonna buy them.

      • 1 year ago
        Anonymous

        it's a 200 year old tradition

      • 1 year ago
        Anonymous

        It's the greatest gift one can give, save for a live one.

    • 1 year ago
      Anonymous

      How the frick can this shit raise your taxes any amount; this is all shit you would buy to shut your kid up at an airport for a few minutes.

      • 1 year ago
        Anonymous

        Look at the gift cards. The one to the bottom left is $10k alone.

        • 1 year ago
          Anonymous

          >save $10k when you spend $60k in our store!

      • 1 year ago
        Anonymous

        They give plots of land in Scotland
        https://www.gq.com.au/entertainment/film-tv/everything-inside-the-140000-oscars-2022-gift-bag/image-gallery/e65fb81fbcc9a97be0761a3c8e0e1132

        • 1 year ago
          Anonymous

          >They give plots of land in Scotland
          Thats just a scam/gag gift

    • 1 year ago
      Anonymous

      Wow. Def worth 63k

    • 1 year ago
      Anonymous

      >take a sip of your room temperature San Pellegrino
      >now owe $60,000

    • 1 year ago
      Anonymous

      Imagine having to pay $63k for this.
      What a grift.

    • 1 year ago
      Anonymous

      Why the frick is this 5 dollar self-published Amazon book part of all that? Who is this guy? What’s the story here?

      • 1 year ago
        Anonymous

        >early life?

      • 1 year ago
        Anonymous

        Probably a quack psychologist who worked with the roastie who put together these bags.

        • 1 year ago
          Anonymous

          This is the most sad and desperate "smile" I've ever seen

      • 1 year ago
        Anonymous

        im gonna assume israelites

      • 1 year ago
        Anonymous

        probably some nepo baby shit, probably some old AMPAS board member's nephew or some shit.

      • 1 year ago
        Anonymous

        >readers are introduced to EFT - a natural process for letting go of unwanted emotions

        sounds like scientology bullshit

        • 1 year ago
          Anonymous

          Sounds like some fricking commie gobbledyasiatic

      • 1 year ago
        Anonymous

        >yucky

      • 1 year ago
        Anonymous

        It's a pre-rape book to lay the groundwork to rape children and them not telling people and instead lobotomize their brain with this "EFT" new-age bullshit.
        Wizard == gay pedo

    • 1 year ago
      Anonymous

      Nothing says helping marine life like a big plastic whale that will probably be thrown away.

    • 1 year ago
      Anonymous

      >Nominees can also cash in a $12,000 arm liposuction procedure, as well as $10,000 worth of Botox, chemical peels, and other cosmetic procedures.

      bahahaha

    • 1 year ago
      Anonymous

      that isnt a gift bag its a fricking gift suitcase
      thats the kind of crap you get your mom for her birthday when you have no fricking clue what she wants

    • 1 year ago
      Anonymous
      • 1 year ago
        Anonymous

        lel

    • 1 year ago
      Anonymous

      schizophreniacs explaining how the exploding minions relates to baal worshipping child sacrifice:

    • 1 year ago
      Anonymous

      >$10k gift certificate
      Damn

    • 1 year ago
      Anonymous

      Wow that's fricking awful

    • 1 year ago
      Anonymous

      >Manuka honey
      >Exploding Minions
      >Wunderkeks
      >Endless make-up and perfume samples
      >1 liter of Pellegrino
      THIS IS HOW THE ELITE LIVE

    • 1 year ago
      Anonymous

      >S Pellegrino
      >Highland titles
      >Some kashews
      AHAHAHAHAHHAHAHHA WHAT THE FRICK

    • 1 year ago
      Anonymous

      Even if we assume the 63k is combined with all the winners I don't see how the cost of that can reach that high let alone taxes

    • 1 year ago
      Anonymous

      theres like $500 worth of shit here how do people figure they owe 62k

      • 1 year ago
        Anonymous

        >$10k chemical peels and botox
        >$7k hair transplant consultation
        >$12k arm lipsuction voucher
        >$9k three night stay at lighthouse
        >Oprah shampoo
        Seems to add up.

        • 1 year ago
          Anonymous

          >$38k adds up to $63k in taxes

          • 1 year ago
            Anonymous

            I meant that the price keeps adding up. Those are only a few of the high price items. There's more.

          • 1 year ago
            Anonymous

            It's israeli magic

    • 1 year ago
      Anonymous

      I recall many years prior seeing the contents of an Oscar giftbag, and it had actual valuable stuff like high-end cellphones, israeliteelry, etc., not just discount coupons and cashews.

      • 1 year ago
        Anonymous

        Yep it used to have all kinds of shit like that. I am not sure exactly why it changed but lots of the companies that used to contribute to it see no fricking value in doing so.

        Its all products made for women because they want the women going to the Oscars to be seen with their products which they can use to market to women. Or to get them to at least know the product so when they get approached about a promotional deal they won't just dismiss it because they have no idea what it is.

    • 1 year ago
      Anonymous

      what is a woman

    • 1 year ago
      Anonymous

      laughing so hard at the idea of someone being handed this sack of literal shit garbage and then getting a 60,000 dollar bill
      >SeaWorld BLOWS

    • 1 year ago
      Anonymous

      Dystopian consumerism

    • 1 year ago
      Anonymous

      Oh wow I’ve always wanted my very own Black person baby doll and peta balloon! What lucky bastards.

    • 1 year ago
      Anonymous

      how many trees died for this?

      • 1 year ago
        Anonymous

        It’s okay they were white trees

    • 1 year ago
      Anonymous

      lol that fricking milk foam thing which is dirt cheap everywhere

    • 1 year ago
      Anonymous

      That'll be $63,000, plus tip.

    • 1 year ago
      Anonymous

      >Highland Titles
      fricking hell, even celebrities fall for the youtuber grift

      • 1 year ago
        Anonymous

        >even celebrities fall for the youtuber grift
        Bruv celebrities are some of the trashiest people who fall for pretty much all vapid scams out there, beginning with the most obvious one where they sell their souls to israelites.
        Show me one very classy modern celebrity that isn't extremely old.

    • 1 year ago
      Anonymous

      Isn't Highland Titles quite literally a scam?

      • 1 year ago
        Anonymous

        Yes it is

    • 1 year ago
      Anonymous

      WHAT THE FRICK
      americans pay $63k for ads?

    • 1 year ago
      Anonymous

      >$63k for some peta balloon, a black doll and some gift cards

    • 1 year ago
      Anonymous

      how much is that alcohol they're given?

    • 1 year ago
      Anonymous

      >literally a bunch of plastic litter
      >I NEED TO CONVINCE 7000 OF YOU TO STOP DRIVING YOUR CARS SO I CAN OFFSET MY SUPERYACHT FUEL CONSUPTION

    • 1 year ago
      Anonymous

      >SeaWorld blows

    • 1 year ago
      Anonymous

      XD

    • 1 year ago
      Anonymous

      I NEED that sloth plushie.

      • 1 year ago
        Anonymous

        https://www.amazon.com/sloth-plush/s?k=sloth+plush

    • 1 year ago
      Anonymous

      >seaworld blows
      Does seaworld even still exist?

      • 1 year ago
        Anonymous

        It does here in Australia. Apparently they just opened some new Atlantis world there with three new rides.

    • 1 year ago
      Anonymous

      they could have just given them all a nice $1k bottle of wine and it have been more valuable and less wasteful.

      • 1 year ago
        Anonymous

        Because it's an advertisement.

    • 1 year ago
      Anonymous

      >be struggling actor
      >give the performance of your life in some shitty arthouse oscarbait film
      >nominated for oscar
      >gifted basket of candy and a plastic inflatable orca
      >forced to pay $63,000 in taxes + tip

    • 1 year ago
      Anonymous

      What the actual frick all of this combined can't be more than $1k how the frick do you end up paying $63k of tax on this worthless garbage?

      On a side note I got better gifts on generic business conferences, champagnes, cognacs, cigars, hard drives, books, leather goods and so on...

    • 1 year ago
      Anonymous

      'cado in the 'ag

    • 1 year ago
      Anonymous

      >wunderkeks

      • 1 year ago
        Anonymous

        yuck

  13. 1 year ago
    Anonymous

    But those are "Gift baskets" you don't pay taxes on gifts, the one that buy the gift already did. What fricking backwards reality is thus shit from?

  14. 1 year ago
    Anonymous

    How do they get taxed, what if they took the bag and left it in their car? Did they get a receipt or something? You can't get handed a gift and then be taxed for it, that's crazy

  15. 1 year ago
    Anonymous

    Most of them are incredibly rich, but imagine the literally-who nominees in the Best Documentary Short Subject category having to pay a lot of money in taxes for a bunch of crap they received as a "gift"

    • 1 year ago
      Anonymous

      Can they give it back? If I give it to someone else do we both get taxed?

  16. 1 year ago
    Anonymous

    Do you honestly think any of them actually pay taxes on that shit? They can just write it off as a business expense, since showing up to the oscars can be considered part of the job, as well as receiving the basket/awards/etc.

    • 1 year ago
      Anonymous

      They dont pay taxes on it anyway, this some clickbait nonsense

  17. 1 year ago
    Anonymous

    Oh shit I didn't know James Hong got an oscar, that actually makes me happy

    • 1 year ago
      Anonymous

      he didn't. they're just gave him one to pose with.

  18. 1 year ago
    Anonymous
  19. 1 year ago
    Anonymous

    Did James Hong win an Oscar too or did I miss something?

    • 1 year ago
      Anonymous

      You automatically get one if you're part of the main cast in a movie that wins best picture

      • 1 year ago
        Anonymous

        Huh cool

  20. 1 year ago
    Anonymous

    Because it is from the Oscar's, there is some moron probably willing to spend thousands just on green glass water. Gift tax is based on assumed value. You can't just gift someone $50000 and not pay taxes. Because of consumer culture that whole thing is worth a stupid amount. Gift cards not included btw.

    • 1 year ago
      Anonymous

      How? Even if we assume worst case scenario and it was 40% taxed, how the hell is that gift bag worth almost 150k dollars?

      The only one that costs more than 50 bucks there are the coupons, and those are coupons so they have ten asterixes and limitations so it’s not like it’s really worth 10k

    • 1 year ago
      Anonymous

      >You can't just gift someone $50000 and not pay taxes.
      The IRS allows you to make a one-time gift of up to $60,000 to your spouse completely tax-free.
      Source: The Shawshank Redemption

  21. 1 year ago
    Anonymous

    >Falling for e "jouralism" bait
    Itt: brainlets

  22. 1 year ago
    Anonymous

    Those poor actors. We should set up a kickstarter to help them, otherwise they will starve!

    • 1 year ago
      Anonymous

      Then set up another kickstarter to pay for the tax they have to pay for receiving the money from the first kickstarter

      • 1 year ago
        Anonymous

        I'm happy to offer up a portion of my paycheck if it means we'll get Wakanda 5ever soon.

  23. 1 year ago
    Anonymous

    Apparently a lot of these gifts are sourced from independent nobodies who the Oscars committee convinces to give them the stuff for free "for the exposure."

  24. 1 year ago
    Anonymous

    wasnt tax already paid by the one who bought it for them? i dont understand? why'd you get taxed twice?

    • 1 year ago
      Anonymous

      Gifts get taxed.

      • 1 year ago
        Anonymous

        but the buyer pays tax when he buys the items. they dont appear out of nowhere?

        • 1 year ago
          Anonymous

          >dude, why do I have to pay taxes when inheriting my parents' house/money? they already paid for it didn't they?

          • 1 year ago
            Anonymous

            Yes. Inheritance tax is evil.

            • 1 year ago
              Anonymous

              I like it on paper since it prevents generational wealth but in practice it just taxes the middle class disproportionately, since they're the only ones who actually pay it in full. The truly wealthy will just keep their assets overseas or put them into fiscal structures to avoid paying it at all. Otherwise the death of someone like Bill Gates would benefit the state by billions.

              • 1 year ago
                Anonymous

                >I like it on paper since it prevents generational wealth
                Holy fricking moronic ~~*communist*~~ golem, imagine wanting your kids to be poor servants of the israelites

          • 1 year ago
            Anonymous

            Yes. Inheritance tax is evil.

            Why do you think rich people all leave their fortunes to their charity foundations? Just allows them to get it to their kids without paying any estate or inheritance tax.

            • 1 year ago
              Anonymous

              And thus we have the reason why inheritance tax disproportionately affects the middle class. Make sure to pay it, otherwise your filthy bloodline might be able to join the upper class!

        • 1 year ago
          Anonymous

          You have sales tax, which is when you buy something. We can't have nice things because of rich douchebags abusing the system, so if you receive things worth money, you get taxed on those gifts because they act like you received income(and income is taxed). It's to prevent a rich person whose worth 2 billion dollars buying a 2 billion dollar diamond and 'gifting' it to their kid to avoid estate taxes for example. Or 'gifting' the family home and everything in it, etc.

          • 1 year ago
            Anonymous

            >We can't have nice things because of rich douchebags abusing the system
            Fricking idiot, you can't have nice things because of the government taxing the lining crap out of you at every step, abolishing taxes for rich and poor would solve this immediately.

        • 1 year ago
          Anonymous

          wasnt tax already paid by the one who bought it for them? i dont understand? why'd you get taxed twice?

          It's real simple. You gotta pay taxes every time property changes hands. It's not just one time, it's literally every time the owner changes for any reason.

    • 1 year ago
      Anonymous

      Jews

    • 1 year ago
      Anonymous

      Jews

    • 1 year ago
      Anonymous

      Don’t forget to tip!

    • 1 year ago
      Anonymous

      Taxation is worse than theft, it's literally slavery, libertarians are right.

      Around 90% of worth you create with your labour end up in taxes, run the numbers you pay tax at every step of the money cycle.

    • 1 year ago
      Anonymous

      Juice?

  25. 1 year ago
    Anonymous

    Why are there so many asians?

  26. 1 year ago
    Anonymous

    $63,000 is pocket change to these Hollywood types. It's insane what the salary is just for being a supporting character in a TV show no one even watches, let alone what Oscar-nominated actors and directors are probably getting

  27. 1 year ago
    Anonymous

    >The 2023 gift tax limit (taxes filed in 2024) is $17,000.

  28. 1 year ago
    Anonymous

    What a bunch of bullshit I thought it used to be bottles of champagne and roles watches?

  29. 1 year ago
    Anonymous

    Bidengrumes vote against their own economic interests.

  30. 1 year ago
    Anonymous

    what's in the baaag

  31. 1 year ago
    Anonymous

    >100% risk free

  32. 1 year ago
    Anonymous

    Do americans really have to pay taxes on gifts?

    • 1 year ago
      Anonymous

      Obviously otherwise you could just gift everything and never pay taxes

    • 1 year ago
      Anonymous

      most developed countries have such tax

    • 1 year ago
      Anonymous

      What kind of shithole are you from?

      • 1 year ago
        Anonymous

        From communist Europe and even here paying taxes on gift is not a thing lmao, in many ways US is the most communist country in the world sadly.

        • 1 year ago
          Anonymous

          >No universal health care program
          >Highly privatised military and public sectors
          Yeah we’re commies alright

  33. 1 year ago
    Anonymous

    >America

  34. 1 year ago
    Anonymous

    Shit, dudes, someone gifted me a Lego set this past Christmas, do I have to pay taxes??

  35. 1 year ago
    Anonymous

    smug IRS agent.jpg

  36. 1 year ago
    Anonymous

    You don't have to accept it.

  37. 1 year ago
    Anonymous

    Taxation is theft

  38. 1 year ago
    Anonymous

    >paying taxes on gifts
    Ameria is trully an Israel colony...

  39. 1 year ago
    Anonymous

    Liberals like taxes so it's fine. They need to pay a fairer share

    • 1 year ago
      Anonymous

      This. The people b***hing about paying taxes on gift bags also preach that people making under $20k a year need to pay more income tax and need to buy $100k electric cars or be fined.
      I've no sympathy for these Hollywood elites when the other shoe drops.

  40. 1 year ago
    Anonymous

    WATCH OUT FOR THE FREE BAG GIFT

  41. 1 year ago
    Anonymous

    Yeah, I’m thinking we’re back Cali bros

  42. 1 year ago
    Anonymous

    In an email, Distinctive Assets founder Lash Fary told VERIFY the gift bags his company gives out are considered business gifts by the IRS.

    “All business gifts are taxable. The IRS bases any applicable tax on the fair market value of a business gift,” Fary said. “However, the vast majority of our gift bag's value is comprised of gift vouchers or invitations to partake in services. That means that unless a nominee uses a particular gift certificate the fair market value of that gift is zero (with no tax consequence whatsoever).”

  43. 1 year ago
    Anonymous

    you guys have got it all wrong, having a tax expense like that means you can claim things to negate that debt. It's actually $63k tax avoidance

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