The Tom Brady/Malcolm Butler Super Bowl truck grabbed the attention of the tax blogosphere with a strength not seen since the revelations about Anietra Hamper's undergarment decisions. I resist piling on to these things, unless I have something different to offer so I was going to let the story pass. One of my sources reached out to me, though, and indicated there were tax aspects of this affair that had not been properly plumbed. Since this matter is about as important as the NFL's tax exemption, I just had to jump in. Hopefully this will be the final word on Chevytruckgate.
Shortly after being awarded a 2015 Chevy Colorado for winning Super Bowl 49 MVP honors, the Patriots quarterback said he wanted to give the vehicle to Butler, who sealed the victory with a late interception.
However, if Brady had gifted the truck to Butler, the signal-caller would've been hit with some hefty taxes (which he could clearly pay with no problem, but that's beside the point).
To save Brady from having to pay the levy, Chevy stepped in and gave the car directly to Butler on Tuesday.