National MC Yoo Jae-suk's background of not having any tax issues for 34 years since his debut has been revealed.
Recently, tax accountant Yoon Na-gyeom, who runs 'Tax Saving TV', specifically addressed why Yoo Jae-suk has never been subject to a high-intensity tax audit.
According to Yoon, the tax reporting methods for entertainers are largely divided into two categories. The first is the method of keeping accounts as a sole proprietor, organizing income and expenses through a tax accountant, which has a significant tax-saving effect but is complex to manage. The second is the 'estimated reporting' method that applies the standard expense ratio set by the government, which is simple but results in paying more taxes.
It is known that Yoo Jae-suk chose the estimated reporting method, unlike most entertainers. Yoon stated, “If he had organized his income of 100 won through accounts for tax savings, he would have paid about 2.7 billion won, but Yoo Jae-suk paid 4.1 billion won through estimated reporting. In other words, he paid about 1.4 billion won more.”
The reason he chose the estimated reporting method is to maintain trust as the National MC and to preemptively block any tax controversies. Yoon evaluated, “It allows him to save time and energy and focus on broadcasting without the stress of managing evidence and accounts. It also eliminates the risk of a tax audit.”
Ultimately, it is explained that Yoo Jae-suk is an exceptional case who chose trust over money. Yoon added, “In the long run, image and trust become more valuable. This is a practice of noblesse oblige and a responsible choice befitting the National MC.”
Additionally, “Most entertainers often treat personal expenses as business expenses or hire family members as employees, reporting lower than actual income. Yoo Jae-suk did not use such methods, which is why he has never been subject to a tax audit, and rather, he is eligible for a refund,” he emphasized.
