'God Yoon' Yoo Jae-suk's tax payment method has been revealed. The 'God Yoon' Yoo Jae-suk, who left not a speck of dust when scrutinized, received many respectful gazes for his life lived without breaking the law.
Recently, the YouTube channel 'Tax Saving TV' released a video titled 'Yoo Jae-suk, who faced a tax audit without being scrutinized, shocking tax payment method.'
In the video, the tax accountant said, 'Yoo Jae-suk underwent a tax audit and it became a hot topic that not a bit of dust came out. It raises the question of whether it's truly possible for a top star to be completely clean during a tax audit.' He continued, 'Celebrities are usually classified as sole proprietors and can choose between two methods: bookkeeping reporting and estimated reporting, referred to as standard expense reporting.'
Bookkeeping reporting is a method where all income and expenditures are organized through a tax accountant, maximizing tax benefits by processing expenses and creating records for reporting. Expense ratio reporting (estimated reporting) applies a rate set by the government; while it doesn't require collection of proof, it can lead to paying more taxes.
The tax accountant stated, 'Most celebrities choose the bookkeeping method to try to pay the least amount of tax, but in Yoo Jae-suk's case, he completely opted for estimated reporting using the standard expense ratio.' He went on to explain that if one assumed an annual salary of 10 billion won and deducted 4 billion won for expenses, it would leave 6 billion won; under bookkeeping reporting, the tax payment would be approximately 2.7 billion won. However, applying the standard expense ratio of 8.8% like Yoo Jae-suk would result in a taxable income of 9.12 billion won, leading to a tax payment of 4.1 billion won. There are people who pay 2.7 billion won and others who pay 4.1 billion won, which creates a difference of as much as 1.4 billion won.
The tax accountant pointed out Yoo Jae-suk's choice to pay an additional 1.4 billion won has to do with his image and processing method. He explained, 'This is fundamentally aimed at blocking tax controversies while maintaining trust in oneself to continue generating income for a long time.' He added, 'When processing taxes, one can focus solely on broadcasting activities without the stress of collecting proof. There are no worries about retrials or additional taxes. It's risk-free.'
'Since he abandoned expense processing, there is nothing to investigate and nothing more to scrutinize. From the tax accountant's perspective, there's nothing more to pay, and they might even need to issue a refund. While Yoo Jae-suk's method may not work for everyone, in the long run, it raises the question of whether immediate tax savings are more important than lifetime trust. It seems that he has acted from a long-term perspective.'
Yoo Jae-suk is famous for his self-management. He has not smoked for over 10 years and does not touch alcohol at all. Especially regarding the tax issues that top stars often encounter, he continues his career by choosing a method without risk, even if it means paying more.
The tax accountant remarked, 'He chose transparency by giving up on expense processing. That's why there were no issues during the tax audit. It's an exceptional case of choosing trust over money, a true example of noble obligation.'
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