Celeb watches, on loan or gift plus tax burden?

Discussion in 'Apple Watch' started by Nicklaus, Apr 21, 2015.

  1. Nicklaus macrumors 6502

    Nicklaus

    Joined:
    Jun 19, 2010
    Location:
    Winter Park
    #1
    Does anyone know if they are gifting the watches to the celebrities in which case they would have to pay taxes at their income bracket, say 30-50% to recieve it or is it on loan so they get it free for a period of time?
     
  2. rockyroad55 macrumors 601

    rockyroad55

    Joined:
    Jul 14, 2010
    Location:
    Phila, PA
    #2
    It's at max a 17k to 20k watch. These celebs are making so much money that the watch is like our typical lunch purchase (maybe, exaggerating).
     
  3. Jspring86 Suspended

    Jspring86

    Joined:
    Oct 7, 2011
    Location:
    Tempe, AZ
    #3
    As the previous poster said, I doubt that the celebrities care too much about whether they pay taxes or not, even if they pay the 50% gift tax, $10,000 for an Apple watch still probably sounds like a great deal to them.
     
  4. saving107 macrumors 603

    saving107

    Joined:
    Oct 14, 2007
    Location:
    San Jose, Ca
    #4
    These people live different lives than we do,

    [​IMG]

    http://www.inquisitr.com/1709946/solange-knowles-beyonces-sister-owes-back-taxes/

    $17,000 Apple Watch ain't nothing to them.
     
  5. capitanbuzo macrumors 65816

    Joined:
    Jul 17, 2007
    #5
    First of all, it's not 50%. Secondly, Apple most likely have it to them and also paid the associated tax giving it a net zero affect to them.
     
  6. NovemberWhiskey macrumors 68030

    NovemberWhiskey

    Joined:
    May 18, 2009
    #6
    Why are people so preoocupied with the celebs??? Let it go and focus on your own life.
     
  7. Jspring86 Suspended

    Jspring86

    Joined:
    Oct 7, 2011
    Location:
    Tempe, AZ
    #7
    My point is that they could care less, I know the tax isn't really 50%, but most celebs wouldn't care if it was since even a tax-only Watch is a deal for them.

    More likely than not, Apple may have actually paid some more prominent celebs additional money outside of just gifting the watch+tax, it is great advertising for them.
     
  8. nobutaka macrumors newbie

    Joined:
    Apr 21, 2015
    #9
    usually celebrity gifts are coordinated with their respective pr teams.

    with the two previous agencies i've worked for, you arrange a few contracted details....you usually give the celebrity a specific time frame they have to utilize the product and they have to wear it in a way that can be identified easily via press.

    side note, their publicists then attain the photos through whichever agency photographed them (they are usually staged) and send out a press release addressing that they wore the item on this day, etc. then that release it sent to every major media outlet and blogger.
     
  9. Chupa Chupa macrumors G5

    Chupa Chupa

    Joined:
    Jul 16, 2002
    #10
    Gift - Apple deducts as product promotion expense. Apple likely covers the tax too as Stars are quick to say "the rich" must pay there fair share but they don't think they are "the rich." The MPAA had to abandon gift bags for all celebs at the Academy Awards a few years ago b/c the receiving celebs complained about the tax bite and the MPAA wasn't going to cover it.
     
  10. SHNXX macrumors 68000

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    Oct 2, 2013
  11. dacreativeguy macrumors 68020

    Joined:
    Jan 27, 2007
    #12
    Check your "facts"? http://www.vanityfair.com/hollywood/2015/02/oscars-2015-gift-bags
     
  12. Chupa Chupa macrumors G5

    Chupa Chupa

    Joined:
    Jul 16, 2002
    #13
    Ha. Ha. You are so quick to finger wag you must not have had time to read the first paragraph that stated only select stars got bags, not all, as I wrote. It use to be that all attendees got bags. Now it's just those named in the article.

    So take this as a teachable moment and know what you are talking about before criticizing :). It will make you look smarter vs a bombastic....
     

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