Penelope Cruz Taxes in Hollywood
Penelope Cruz is a highly acclaimed actress in Hollywood, known for her stunning beauty and talent on the big screen. But how much does she earn for her roles in movies? According to Forbes, Cruz’s annual income is estimated to be around $18 million. This figure includes earnings from her acting ventures, as well as endorsements and brand partnerships.
Cruz’s annual income makes her one of the highest-paid actresses in Hollywood, and her success can be attributed to her versatile acting skills and ability to take on a variety of roles. However, being a high earner also means that she pays a significant amount in taxes. In California, where she resides, the top income tax rate is 13.3%, and with her high earnings, Cruz is likely subject to this rate. Additionally, as a resident of Spain, she also has to pay taxes in accordance with their laws. Despite the large sums of taxes she pays, it is evident that Penelope Cruz’s hard work and dedication have paid off, making her a top earner in Hollywood.