Income Tax?


One thing I couldn't help but wonder about throughout the movie was taxes. If he got $100,000, he'd owe perhaps $40,000 in tax on it. And considering the way he blew off the financial advisor, I can't imagine him hiring an accountant and mailing the government a check for that on his own initiative (plus the countdown on his bank balance never indicated any such thing). Do you suppose the filmmakers actually paid him $175k or whatever and sent some to the IRS in his name? Was he just due for a nasty surprise one day when he gets audited? I was also initially wondering about the $10k car for his buddy, but it looks like the allowance for gifts is $12k per year, so I guess thats ok.

Movies and TV shows involving large amounts of cash never seem to bother with this, but it makes kind of a big deal in terms of how far that money will go.

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I think that the film makers who allocated the money for Ted used it as part of the cost of production and it was a part of the budget so Ted wouldn't have to pay any tax on it. It was his money in a way, but then again it was also a part of the production of the film, because without the money this movie wouldn't exist. I may be wrong, but it makes sense.

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[deleted]

Was he just due for a nasty surprise one day when he gets audited?


How do you audit a homeless guy?

He lives on the street and has no fixed address, so just where would you send the audit notice to?

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Ted
123 Under the Bridge Blvd.
California

I’m guessing it would make it’s way to him eventually.

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LOL!





Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.

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there is No End to the Lengths that the I.R.S. will go-to , in order to track-down an Already-Poor Individual , to collect-$$$

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