[GSlob]

Well, to prevent abuse by the artists with excessive self-esteem and overinflated opinion of their oeuvres' worth - why wouldn't they sell the works in question and then, having thus experimentally found their fair-market value, donate the proceeds?

[woofie]

ART PING

If you want on the ART PING list or off it please notify Sam Cree, Republicanprofessor, or me

[Bernard]

So if I spend $100 on canvas, paint and brushes, I can donate the result to a non-profit and deduct $25,000 from my income tax return, without having to pay taxes on the supposed increase in value from cost to donated value. Works for me.

Even better, if I go out in the back yard and gather the inevitable result of $100 of dog food, put it in a bag, and send it to the local PBS affiliate, I can pick a number and deduct that as well. This gets better all the time.

[wgflyer]

To All

Innoculate the world against the IRS....FAIRTAX.ORG....

It's a good thing.

[rcocean]

With a top rate of less than 40 percent there is no reason for the charity deduction.

It should be phased out. But it won't because its just a tax dodge for the rich.