Art Is Tax Evasion at Lisa Eastman blog

Art Is Tax Evasion. so, criminal buys art from artdealer for more than it's worth, then sells it for its actual value, declares the income and pays tax. for billionaire art lovers, the rothko, basquiat or banksy hanging in the front hall can be a source of pride and joy. this article surveys the underpinnings of tax evasion and avoidance practices that rely upon the art market. currently, the capital gains on artwork is 31.8% (28% plus 3.8% for the investment tax) rather than the current maximum for the sale of real estate, stocks and bonds which is 23.8% (20%, plus. in cases where people fail to report the profits from art sales, some advisers think the banking system is able. almost all these dreadful pieces of crap, called modern art, are just a way for rich people to evade taxes.

Tax Evasion rubber stamp stock illustration. Illustration of economic
from www.dreamstime.com

for billionaire art lovers, the rothko, basquiat or banksy hanging in the front hall can be a source of pride and joy. currently, the capital gains on artwork is 31.8% (28% plus 3.8% for the investment tax) rather than the current maximum for the sale of real estate, stocks and bonds which is 23.8% (20%, plus. in cases where people fail to report the profits from art sales, some advisers think the banking system is able. almost all these dreadful pieces of crap, called modern art, are just a way for rich people to evade taxes. this article surveys the underpinnings of tax evasion and avoidance practices that rely upon the art market. so, criminal buys art from artdealer for more than it's worth, then sells it for its actual value, declares the income and pays tax.

Tax Evasion rubber stamp stock illustration. Illustration of economic

Art Is Tax Evasion almost all these dreadful pieces of crap, called modern art, are just a way for rich people to evade taxes. so, criminal buys art from artdealer for more than it's worth, then sells it for its actual value, declares the income and pays tax. currently, the capital gains on artwork is 31.8% (28% plus 3.8% for the investment tax) rather than the current maximum for the sale of real estate, stocks and bonds which is 23.8% (20%, plus. in cases where people fail to report the profits from art sales, some advisers think the banking system is able. this article surveys the underpinnings of tax evasion and avoidance practices that rely upon the art market. for billionaire art lovers, the rothko, basquiat or banksy hanging in the front hall can be a source of pride and joy. almost all these dreadful pieces of crap, called modern art, are just a way for rich people to evade taxes.

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