[zeestephen]

Massachusetts, Brady's residence state, has state income tax and state gift tax, too.

Re: The Truck

Brady could probably avoid all tax liability if he refused to accept the truck, and Chevy decided “independently” to give it to Malcolm Butler, the same player Brady thinks should be MVP.

But then, Butler would owe federal and state income tax (close to 50%) on the truck.

Since Malcolm Butler is an undrafted rookie free agent, his salary is “just” $420,000 plus his Super Bowl share.

Butler's best choice is probably to sell the truck, pay the taxes, and keep what's left over.

Unless he loves the truck!

[lewislynn]

Since Malcolm Butler is an undrafted rookie free agent, his salary is “just” $420,000 plus his Super Bowl share.

Oh that poor soul. How will he survive?