Art Is Tax Evasion at Nancy Hinman 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. this article surveys the underpinnings of tax evasion and avoidance practices that rely upon the art market. almost all these dreadful pieces of crap, called modern art, are just a way for rich people to evade taxes. in cases where people fail to report the profits from art sales, some advisers think the banking system is able. 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. for billionaire art lovers, the rothko, basquiat or banksy hanging in the front hall can be a source of pride and joy.

Tax evasion RGB color icon Stock Vector Image & Art Alamy
from www.alamy.com

in cases where people fail to report the profits from art sales, some advisers think the banking system is able. 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. for billionaire art lovers, the rothko, basquiat or banksy hanging in the front hall can be a source of pride and joy. 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. 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.

Tax evasion RGB color icon Stock Vector Image & Art Alamy

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. 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. in cases where people fail to report the profits from art sales, some advisers think the banking system is able. 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.

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