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Thread: Perils of being Wealthy

  1. #1
    Master Navigator NY3V's Avatar
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    Perils of being Wealthy

    "Art’s Sale Value? Zero. The Tax Bill? $29 Million."

    "Because the work, a sculptural combine, includes a stuffed bald eagle, a bird under federal protection, the heirs would be committing a felony if they ever tried to sell it. So their appraisers have valued the work at zero.
    But the Internal Revenue Service takes a different view. It has appraised “Canyon” at $65 million and is demanding that the owners pay $29.2 million in taxes."


    EAGLE2.jpg:muhahaha:


    http://www.nytimes.com/2012/07/22/ar...pagewanted=all

  2. #2
    Orca Whisperer N7YA's Avatar
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    Jeebus! Good thing my art is pen only!
    The louder the monkey, the smaller its balls.

  3. #3
    Orca Whisperer n2ize's Avatar
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    It may be perilous to be rich but I am willing to stand the peril.
    I keep my 2 feet on the ground, and my head in the twilight zone.

  4. #4
    'Grumpy old bastid' kb2vxa's Avatar
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    I'll let Lisa Simpson answer that one.
    "The universe is under no obligation to make sense to you."
    Neil deGrasse Tyson

    73 de Warren KB2VXA
    Station powered by atomic energy, operator powered by natural gas.

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