IRS Prepares To Screw The Hell Out of Tom Brady If He Does A Good Deed

by Austin Petersen

NBC Sports is reporting the Super Bowl Champion Tom Brady is under the watchful eye of the IRS if he decides to give his MVP truck to cornerback Malcolm Butler. 

Brady has suggested that he might donate the truck that he won to Malcolm. “I would love to give him the truck. I would love to do that. I’m going to figure out how to make that work,” Brady said.

From NBC:

The truck is considered a taxable prize under the Internal Revenue Code, section 74, meaning it is taxed at Brady’s 39.6 federal income tax rate. With the value of a 2015 Chevy Colorado around $34,000, that means a tax bill of $13,500 alone.

Brady’s also going to have to pay a gift tax of $8,000 to hand the keys to Butler, since the tax code only allows one $14,000 from any one person to another.

Again, we think Brady can scratch up the $21,500 to make this happen, but it is getting close to the point where rolling into a New England Chevy dealer and just buying Butler a new one might be easier.
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Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.

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