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* **Increasing his philanthropic efforts:** He's always been dedicated to giving back, so we can expect him to continue his work in the community.
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Okay, let's break down **how the Oscar Tax actually works**. This is the practical, nitty-gritty part that you'll need if you’re ever lucky enough to take home a golden statue. First off, you need to understand that the IRS considers the value of the Oscar to be part of your gross income. The first thing you'll need to do is to determine the fair market value of the Oscar. As we mentioned earlier, the Academy estimates the value to be around $400 to $900, but it’s always a good idea to check the most recent estimates.
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