Free Republic

Oscar Goody Bags Taxable, IRS Declares From Reuters March 4, 2006 The Internal Revenue Service warned Academy Awards performers and presenters that the gift bags handed out during Sunday's televised ceremony — valued in some estimates at more than $100,000 — are taxable income. "We want to make sure the stars 'walk the line' when it comes to these goody bags," IRS Commissioner Mark Everson said, referring to an Oscar-nominated film about the late country singer Johnny Cash.