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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Oprah and tax trouble? Date: 4/24/2005 1:51 PM
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TMFSelena quotes:

OPRAH Winfrey surprised 100 editorial and advertising staffers of O, The Oprah Magazine, by giving them $5,000 bonuses on Sunday night. The talk show queen, celebrating the fifth anniversary of her vanity mag at the Park Avenue penthouse of Hearst Magazines president Cathie Black, told her grateful underlings: "I figured I would give you five things you could really use." Best of all, the bonuses were tax-free. Winfrey was criticized last year when, after she gave away 276 cars to an audience of her show, the winners discovered they had to fork over $7,000 in taxes to keep their $28,500 Pontiac G-Sixes.

I reply:

I would imagine that it depends at least in part on whether she used corporate funds to make the payments (in which case I would expect them to be taxable) or used her personal funds (in which case they are more likely to be gifts). But I'm sure there's more to the analysis than that. --Bob
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