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How rich people use charity and art to save money! #donations #art #money #rich #savings

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Seems unethical but smart
Comment from : @donharris8846

And this is how you launder money - the 1000 dollars just has to be dirty
Comment from : @angela-thebooknerdess2110

They also use charity as a limbo for their money… like DAF (donor-advised fund) - they get tax deductions on the money they said their gonna “donate” even though they haven’t chosen a donor So they still possess the money… brbrAnd they can change their minds 😂
Comment from : @jemenri795

Part of the reason inflation exists this as well as properties costs and how the government prints of money like its nothing
Comment from : @dallasrochon9164

Thsnk you gor this Information It is fraud
Comment from : @cc-by8uk

Crazy like a fox con!
Comment from : @deborahpollitt7533

Completely criminal
Comment from : @entpslefthand2611

This is the legal form of laundering
Comment from : @lauriepayseur5897

How do I get Upper East Side rich moms to buy my art 😢
Comment from : @KelseyIsARose

This is the kind of insider info I’m here for 😃
Comment from : @johnsagewilson

Can you do this with stocks or Bitcoin that went up in value to get the charitable contribution of the current value without paying tax for the gain?
Comment from : @Ace-bi1lu

So Art is a scam
Comment from : @josieshoxx

I want to ask, are those NFT people shit out of luck? 😅
Comment from : @BROKEAZGAMER

Congress should just ban artwork as a tax write off item
Comment from : @hspatel1799

damn, how scummy of them
Comment from : @aiki2803

Let’s be accurate, they donate to be recognized as “philanthropic“
Comment from : @00calimon

This says far more about the stupidity of the art world than it does about rich people Also, over half your viewer base clearly thinks a “tax write off” actually makes money as oppose to limiting how much money you lose…
Comment from : @lukycharms9970

I love u Vivian thank you
Comment from : @relaxingpeacefulsounds3239

Oh snap! Insider secrets revealed
Comment from : @hra2290

Omg😂😂
Comment from : @simonewright1120

Sounds like money laundering with extra steps
Comment from : @lazer2521

Money laundering 101
Comment from : @WallBreakerOfficial

And launder their reputation, if you screw up
Comment from : @FallstarFL

I need friends who will buy my art ❤
Comment from : @After40Art

😏
Comment from : @luciasss457

I wanted to get into the world of art, work in a gallery part time and learn the business Maybe paint because I enjoyed it and sell one day Parents said "but you can't make money that way" Boy oh boy oh boy Follow your dreams kids
Comment from : @flyhunnies8922

Call it what it is Tax evasion and money laundering
Comment from : @kpepperl319

In the movie "Trading Places", the poor guy broke a vase, but the rich owner just laughed because the insurance would cover the APPRAISED cost of the vase, instead of the purchase price
Comment from : @sheilayoung9082

Not entirely true this one The appraiser has to show similar works of art were valued and sold at the similar price Plus when donating the painting, the appraiser must sign off on it What is the likelihood that an appraiser will jeopardize their career to help their friends save on taxes?
Comment from : @parthamis

So the art world is basically a money laundering scheme for the wealthy Cool
Comment from : @Mel-vb5pj

I always wondered what all the hype was about lol
Comment from : @rozam2864

Or… Thats also how they laundered their money 😏 AND gets a tax write off 😘
Comment from : @bpo4736

thanks Vivian ✨😘
Comment from : @sinaapfelsine

who decided the art piece is now 10K? The appraisal "friend"? So art is just one big scam for the rich? Yikes
Comment from : @Ray03595

Wouldn't they have to pay tax on capital gain?
Comment from : @loremipsum7ac

Jay z said this and I felt I was let in on a secret lmaooo
Comment from : @aiyanasafe

LET ME NOTE THIS DOWN ✍️
Comment from : @BizarreAvenir

So rich people play by their own rules
Comment from : @sergior8992

This just reminds me how much I hate capitalism Like, how hard is it for the top 1 to just share their wealth so none of us have to suffer? Given that they'd have to give up on their precious cocktail parties it must be too big of a sacrifice
Comment from : @MyAliasAndNoOneElses

This is why artist can never be happy
Comment from : @Boorosan

I love a women with a brain that works God is so good 😊
Comment from : @kingizzy2746

Rich people really know how to stay rich
Comment from : @chrispythebot

Bonus points for money laundering and NFTs
Comment from : @bruceh4180

we really need to get rid of the charitable deductionbrbrmany of the modern world have done away with it and thier charity contributions never went down if anything some went up
Comment from : @jacksonmartin7864