How Much Would Your Favorite Superheroes Pay in Taxes? Batman, Iron Man, and the IRS Man
With the new tax laws and the IRS’ complicated forms, imagine just how complex tax season would be for the CPAs who handled your favorite superheroes’ finances. Take both Batman and Iron Man, for example. Between their billionaire bank accounts, their massive businesses with hundreds of employees, and the damage from their constant vigilante activities, their fictional financial advisors would probably tear their hair out on an annual basis. To make ourselves feel a bit better about our own tax endeavors, let’s see just how much Batman and Iron Man would pay in taxes. According to Forbes, Bruce Wayne’s estimated net worth is $9.2 billion, with Wayne Enterprises grossing $31.8 billion, while Tony Stark’s net worth is $12.4 billion, and Stark Industries grosses $20.3 billion a year. There are a lot of complicated factors to consider when determining these masked men’s tax bills. Because both men are single, their personal income bracket — the highest of seven brackets — would be taxed at 37 percent. But both heroes would have a lot of deductions. Because Stark is publicly known as Iron Man, he might be able to write off a huge portion of his company’s technology as a “casualty loss.” He has also done his fair share of charitable work, giving lectures and contributing research and development resources to S.H.I.E.L.D. Wayne would likely have
a more difficult time claiming any of his suits, vehicles, gadgets, or the bat cave because he isn’t a public-facing superhero. That being said, he does have the Wayne Foundation, which helps both the art community and the orphans in the area. While there is no way to accurately pinpoint the exact dollar amount these two masked heroes would have to fork over every April, Forbes authors claim that after some general computing regarding their income and corporate tax deductions, Wayne would owe approximately $600 million federally and $1.7 billion to the state of New York, while Stark would owe approximately $400 million federally and $1.3 billion to the state of California. Of course, with their hectic lives, accounting is likely the last thing they think about, but if the rest of us pay taxes, shouldn’t they?
WORD SEARCH
Have You Heard About Our Diamond Club?
Here at Adam Libman Tax Strategies, our Diamond Club is invitation-only and reserved for our top clients. If you have questions about the privileges that come with being a Diamond Client or want more information, make sure you give Adam a call! Diamond Clients
• Randy Gleckman * • Jay & Laine Zuckerman * • Ken Ma & Juliana Tu • Max Keylor • Lynn Adkins * • Ms. X
Black Friday Colonies Feast Football
Gobble Grateful Gravy Potatoes
Thankful Thanksgiving Tradition Turkey
*Founding Members of the Diamond Club
424.253.0200 • 3
Published by The Newsletter Pro • www.TheNewsletterPro.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online