The reason why ‘National MC’ Yoo Jae-suk has no tax evasion controversy despite paying an additional 1.4 billion in taxes has been revealed. Tax experts were astonished at his unique taxation method, where he chose public trust over saving tens of billions.
“No Dust Even When Shaken”… The Legend of 34 Years of Flawless Tax Payment
Yoo Jae-suk, in his 34th year since debut, is a living history in the Korean broadcasting industry. His name is always accompanied by praises like ‘National MC’ and ‘Yoo-neunim.’ Despite astronomical income leading to rumors like ‘1 trillion asset,’ there is one thing he doesn’t have, and that’s a tax evasion controversy. Many top stars have fallen before intense tax audits, but Yoo Jae-suk has never been embroiled in a tax issue in 34 years. The secret gate that seemed invincible has finally been opened.
Even Tax Specialists in Awe… The ‘Loss-making’ Tax Reporting Method Yoo Chose?
A recent tax expert YouTube channel revealed the shocking reason Yoo Jae-suk could remain in a ‘tax audit no-fly zone.’ The secret lay in his uniquely different tax reporting method.
According to tax accountant Yoon Na-gyeom, most celebrities choose the ‘bookkeeping’ method, thoroughly recording income and expenditure. It’s a complex but effective tax-saving method by hiring a tax accountant to handle various expenses and reducing taxes as much as possible.
However, Yoo Jae-suk’s choice was different. He has adhered to the ‘standard expense rate report (estimation report)’ method, which simply applies the nationally set expense rate to pay taxes. While it doesn’t require bookkeeping, it greatly increases the tax burden.
For example, if he earns 10 billion won, he pays about 2.7 billion won in taxes with the bookkeeping method, but with the estimation report method he chose, he ends up paying a whopping 4.1 billion won. He is essentially paying 1.4 billion won more to the state. Tax experts couldn’t hide their surprise, calling it a “shocking payment.”
‘Absolute Trust’ Bought for 1.4 Billion… Gaining Something More Valuable Than Money
Then why did Yoo Jae-suk make such a ‘foolish’ choice? Experts analyze that it was a ‘God’s move’ to gain value beyond monetary terms.
First, it’s to maintain the reliability befitting the title of ‘National MC.’ He knows how detrimental even a single tax controversy can be to his image, so he has cut off the roots of the controversy entirely. Second, it’s to free himself from unnecessary stress and focus solely on broadcasting. He escapes the hassle of managing books, taking care of every single receipt, and devotes all his time and energy to content. Lastly, it’s the most certain way to eliminate the ‘tax audit risk.’
In the end, Yoo Jae-suk chose ‘absolute public trust’ and ‘reputation’ as greater assets over 1.4 billion won. This was a wise investment that would solidify his value in the long term.
“Receiving Refund Instead”… Honesty Without Tricks, The Dignity of ‘National MC’
Tax accountant Yoon pointed out that “it’s common to reduce taxes by treating personal expenses as business expenses or putting family members on the payroll to pay excessive salaries.” He further praised, “The fact that there are no traces of tax evasion in Yoo Jae-suk means he didn’t use any such tricks from the start. From a tax accountant’s perspective, it’s beyond not having additional taxes; it’s at a level where a refund should be given back.”
Yoo Jae-suk’s steady actions, prioritizing honor and trust over money. This not only goes beyond simple taxation but also reaffirms the true meaning of ‘noblesse oblige’ in our society.
