Rudy Paid Judi for Speechwriting
Rudy Giuliani disclosed on his federal tax returns that he considers his wife an employee and paid her $125k a year for speechwriting help, an arrangement that pre-dated their marriage. The money was included as income on their joint tax return and they paid taxes on it.
Rudy Giuliani's haul for the 126 speeches he gave from January 2006 to March 2007 was $11.4 million, records filed this week show, which means he kicked back something less than 2% to his wife over that period.
That's a pretty insignificant figure given his entire speech income. Because she was an employee, I assume he also got to deduct her airline and other individual travel expenses that the paying company may not have picked up. Their suite would be covered since they shared it, but what about the meals and other related items?
My take: I don't believe for a second the pay was for her speechwriting help. It sounds like a clothing, hair and makeup allowance, and the only way to deduct it was to make her an employee.
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