millionaire tax avoidance scheme through art appraisal and donation
"Millionaire: Makes $20m in 2020 Millionaire: Hires "artist" to make "art" for $25k Artist: Puts one streak on canvas Millionaire: Thanks artist and has art appraised by an appraiser in his same circle of friends Appraiser: Values artwork at $20m Millionaire: Donates $20m artwork to museum to get $20m tax write off Millionaire: Pays no taxes in 2020 Me at museum: This is stupid, it's just a line on a canvas Hipster next to me: No, you just don't understand it because you're uncultured."
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— Rothmus 🏴 · original post ↗