Mark Chao and Xiao Xiao Bin join the ranks of A-List taxpayers




Although they might not have much in common at first glance, both Mark Chao and Xiao Xiao Bin were two of the top breakthrough stars of 2009. Unfortunately, along with their ever surging incomes, they are also expected to be paying big tax dollars just like other A-list stars.

Xiao Xiao Bin, who’s official English name is now Little Bean, became the youngest A-list celeb last year at the age of 5. His role on Autumn’s Concerto created a craze and even made child labor a hot topic. In addition to starring roles in Down With Love and P.S. Man, Xiao Xiao Bin also signed a food product endorsement deal and appeared in numerous events. He is estimated to have earned 1.43 million (NTD) in 2009. Assuming there are no other tax-saving measures, he is expected to pay NT$300,000 in taxes.

In contrast to the recent reports, Xiao Xiao Bin’s manager said the media has over-estimated his client’s earnings. He explained that the young star only filmed Autumn’s Concerto and Down With Love last year, along with one commercial and two paid-appearances. He stressed, “Xiao Xiao Bin didn’t become famous until November of last year, so his income is not as much as others have thought.” Xiao Xiao Bin’s taxes will be filed under his dad’s return since he is the legal guardian.

As for Mark Chao, he has only taken on the movie Monga after his breakthrough role in the drama Black & White. But his endorsement deals and event appearances haven’t stopped since last year. In addition to promoting online game, jeans, makeup and coffee, he will be taking over for Stanley Huang as the new spokesperson of Neutrogena’s men skincare. Although the star is rumored to have made 13 million (NTD) last year, he plans to make dinner at home on Mother’s Day because his mom thinks it’s too costly to eat out. Mark Chao is expected to pay approximately 5.2 million in taxes for his earnings in 2009.

Source: Chinatimes, Libertytimes



 
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