anyThing
Friday, April 17, 2015
Imagining What Kim Kardashian’s Tax Return Looks Like
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Whether you like her or not, Kim Kardashian made quite a bit of money last year. She also seems to want to keep a lot of her cash. Let’s imagine what her tax return would look like with all the possible deductions and credits she might want to claim.
17. Botox
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While most cosmetic surgeries are not tax deductible, anything having to do with looks is part of Kim’s “job.”
16. Lip injections
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More plastic surgery she will never own up to. But it is her job to look her best.
15. Costly wedding
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With the wedding being part of her show, it's also part of her job. So it's considered a work write off right?
14. Home office
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Her entire home is her office. She may try to deduct the value of her home.
13. Butt implants
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You know, the ones Kim K will never own up to. On an episode of “Keeping Up With the Kardashians,” Kimmy had her butt x-rayed to prove it was real. Does anyone really believe her?
12. Clothes
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“Job-related expenses” are tax-deductible. Imagine claiming your outfits for appearances are job-related.
11. Hair cuts
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When you change up your hair as much as Kim K, it has to be expensive. But it’s all in the name of beauty. And work.
10. Charitable donations
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Kim once said, “Giving comes from the heart.” She did hold a charity auction on eBay, however only 10% of the proceeds actually went to charity.
9. Child credit
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She has a kid now, why wouldn’t she take advantage of the child tax credit?
8. Childcare credit
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Whoever thinks she doesn’t employ a nanny or two is crazy.
7. The domestic production activities deduction
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This deduction applies to small businesses in the manufacturing industry. We’re guessing Kim K would claim her fashion businesses fall under this.
6. Savers credit
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This credit is for individual tax returns, and allows you a credit if you save. Kim made a reported $85 million last year. We doubt she spent all of it.
5. Mortgage interest credit
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Unless she bought her homes outright, why wouldn’t she claim the mortgage interest credit?
4. Mileage
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She travels (by car and by plane) for appearances, which is her work. Technically, her travelling can be counted as work expenses, right?
3. Business use of car
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When she’s driving herself, it can be considered a “business use of car.”
2. Real estate tax
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She has property, so she’s likely to deduct the annual tax that most state and local governments charge on the value of real property.
1. Property tax deduction
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This deduction is based on the value of personal property, such as a car.
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