Oscars and Taxes

| Total Words: 342

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 youve 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...

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