- Buy a 'work of art' like a painting or sculpture for $100.
- Have it evaluated by an 'art critic' for $100K
- Donate it
- Subtract $100K off of your tax bill
- Repeat until you owe nothing
You can also do this with other things besides art, like overvalued land, houses, cars, etc, etc.
1. Buy a 'work of art' like a painting or sculpture for $100.
2. Have it evaluated by an 'art critic' for $100K
3. Donate it
4. Subtract $100K off of your tax bill
5. Repeat until you owe nothing
You can also do this with other things besides art, like overvalued land, houses, cars, etc, etc.
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