A report from Forbes is indicating that the 2014 Chevrolet Corvette Stingray — dismissed by Beyonce and awarded to Baltimore Ravens quarterback Joe Flacco for being named Super Bowl XLVII’s most valuable player when the confetti fell — could mean up to $25,700 in IRS taxes for receiving the keys.
Ah, taxes. However, if Flacco receives the vehicle and then donates it to charity, he would be able to deduct some $6,900 from how much he would owe. Yet if he simply orders General Motors to donate the vehicle to charity, the IRS will have to find another all-star athlete to pester. Still, if Captain Flaccon drives off with a spanking-new Stingray when it hits the market later this year, chances are he will be able to afford whatever taxes he will have to pay, considering the now-free-agent can command as much as a $15 million annual paycheck next season.