Money in a Bag

This story about the gift bags at the upcoming Emmy Awards is really interesting. Evidently the gift bags for nominees are worth between $27,000 and $33,000 dollars and nominees are expected to report the gifts as income for tax purposes. The article mentions that the 2006 Oscar gift bags netted the IRS more than $1.2 million in taxes! Go to the article to read the entire contents of the Emmy bags. It's revolting how much free these mega-rich people get: $1,500 Morton's Steakhouse gift certificate, a string of pearls, 6 nights at a ranch in Hawaii, leather roller luggage, and on and on...