**This is how the top 1%use the artwork to legally reduce their taxes.**

Why do billionaires buy basic paintings for millions of dollars?Like this painting was sold for 50million dollars which looks like s**t.

well it looks like s**t to them too but its alot more for them than Art.

On Average, they save millions of dollars per painting and here's how.

its simple lets say this hear the IRS sends them a tax bill of 80million dollars. what they will do is go to the market and buy one of these s**t pieces for 50million dollars and stash the painting in a free port. And what is free port? Well its basically a wharehouse where u can store your artwork without following any tax law the country you're in. So after storing the 50million dollars painting in a free port, they'll go ahead and put it up for auction. And the best part about auctions is that they can even jack up the price of your painting even higher. How higher?? well your painting could be worth around 40% more than what you bought it for. This means their 50million dollars painting will be sold around 80million dollars. And when they sell it wont they have to pay taxes on that? Actually theywont even sell it but instead they will donate that painting into a museum. And when they make that 80million dollar donation the IRS will give them a tax write off for that 80million which means they'll no longer have to pay the tax bill they sent in the beginning.

And thats why these s**t looking paintings are priced that high.

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