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    • Is that how it fucking works??? noon I could do that shit.
      Kyofox64 14 aug
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    • Former art major here: “high end” museums, with the exception of a few historical preservations, are full of bull crap and are most likely money laundering. If you want to see good modern art, go to small museums and see local artists. If you want to be a hero, buy a print for $5
      JayeK 15 aug
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    • There are multiple conspiracy theories that the fine art market is just a world wide money laundering scheme by the wealthiest people from all around the world
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    • Wait that’s actually how they get out of taxes?
      nickbob 14 aug
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    • Drawing of mine
      jaanun 15 aug
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    • Hi, Accountant here. Charitable property donations are limited to 20% AGI. They would only avoid taxes on 6 of that 20 million.
      Wyatt0411 15 aug
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    • I just finished an art appreciation class (requirement, not part of my major), and have been artistically inclined since childhood. And it just needs to be said - some of the "art" out there is straight up garbage.
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    • Pretty sure several art periods were just prephotography pornography, going all the way back to cave paintings. "This triangle represents man's early struggle with tools!" No, Chester, that was Og drawing Ooga's vagina.
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    • Art really is just a scam for money laundering, if you have the right connections you can literally shit on canvas and have it considered high end.
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    • jaanun 15 aug
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    • I HATE modern art!!! It's a joke full of talentless hacks discussing individual interpretation. So here's my take: my fictional two-year-old puts better art on my fridge and hers doesn't need defending or interpretation. Happy sun, house, the people she loves most, some animals. It has real meaning.
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    • Fun fact: paintings are the easiest and most legal way to smuggle money across international borders.
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    • There is apiece of art that is literally white paint on a white canvas. It's total bullshit what people consider art. Graffiti on the sides of buildings are more art than that
      Aesir95x1 15 aug
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    • Why do you think they’re rich? They know the economy inside and out.
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    • Modern art is a scam
      BC1334 15 aug
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    • Idiots. I’m a CPA and this is not how charitable donations work. There is a limitation on how much you can deduct per year and it’s based on your AGI. It amazes me how little people actually know about taxes even though each and every one of us have to file tax returns at some point in our lives 😂
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    • Art museums are basically cabals for money laundering they decide what's valuable and how valuable it is. Being an artist is worthless since they'll only approve of select artist. It's not something you can make it big by chance its rigged from the start.
      fatnoodle 15 aug
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    • Someone watched “Adam Ruins Everything” while they were Meme’ing again
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    • Modern art is a money laundering scheme. I’m an artist most of us know this. Sadly it gives artists a bad rep.
      Yesterday 15 aug
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    • As an artist I can agree with the bs contemporary art is right now (that’s the real word btw not modern lol)
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    • Hipsters don't get it that Most modern art is meant to be a pointless joke. Its just high class shitposting
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    • Stuff like this makes me hate being a part of the art community because so many artists will argue up and down that the art is actually amazing when it most certainly isn't. I can't stand simple or "abstract" art
      morsel 17 aug
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    • The Clinton's would like to know your location...
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    • Yea but think of the artist who got paid 25k to draw a fuckin line
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    • Contemporary art shows and wine tastings are pretentious bullshit to the max
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    • So in the future are they going to call today’s art the “tax evationalist” period?
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    • Not only that, if you tried to realize the appraised value of the line it would count as income, an additional $20m of taxable income for the millionaire
      BPBomber 18 aug
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    • Modern art is shit, modern architecture is shit. Everything looks like shit cuz they're all "created" by bunch of obnoxious insufferable fucks with no culture and so pretentious, no talent whatsoever where not even an ounce of imagination is present thru their "art"
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    • I thought I was the only person in the world that knew about this
      bergpunch 16 aug
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    • Yeah the whole system is rigged. Every year I post a ton of shit on the internet explaining all the bullshit schemes in the US and around the world. No one ever listens. Then documents come out and people are like “hurr durr I knew it!” No you didn’t fuck you.
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    • I left the “traditional” art world and moved to Animation and I’ve never been happier
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    • Someone paid $43,000,000 for a Barrett Newman painting that just looks like a pingpong table. I hate modern art.
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    • I think that was an episode on Lucifer where a crime group was using art as a money laundering scheme and the guy who drew it secretly wanted to be a real artist. Kinda related kinda not, this just reminded me of that
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    • Liberals are stupid
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    • That’s not how it works lmao. You can only reduce your income so much before you pay an AMT (alternative minimum tax) of a rate that depends on the current tax code
      Sboarder7 15 aug
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    • That's not how it works. Thats not how it works at all. Source: literally an accountant
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    • Modern art is retarded
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    • You can only deduct the cost. So they. Hold only write off 25k
      kmandbay 17 aug
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    • That's why street art is actually good art, it's about the art not the money
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    • I remember in grade school my class went on a field trip to an art museum. There was a 10’ blank canvas with a single black dot in the center. Yet my art teacher gave me a C+
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    • I went to a museum in Australia where one of their paintings was a canvas painted COMPLETELY BLACK with a note under it explaining that “the artist painted a painting so beautiful, he decided to conceal it with black paint so only he knows the true beauty of the painting before you”
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    • PorkSword 15 aug
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    • No, it's just a line and we just witnessed a simplified version of what the "art world" is, just a scam
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    • “$20 million write off, doesn’t pay tax that year”. I had a guy tell me that same joke this morning, only first he said “Hi, I’m retarded.”
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    • 🎵 Adam Ruins Everything 🎵
      MiQtch 15 aug
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    • Modern art is the biggest money laundering scheme today, right next to mattress stores
      Fahkeet 15 aug
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    • Adam Ruins Everything had a great episode on this
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    • At the college I go to we art an art fair and one of the people stuck 20 dildos on a wall and called it "sexism in 20 pieces" and he not only won multiple medals but also got his work sent to higher competitions. Pissed me off
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    • Imagine if everyone paid their taxes
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    • Reject Modern “art”, return to Tradition
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    • The line exclaims how hard it is to get from one side of the line to the other
      Dane4002 15 aug
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    • Nope, he'd write off his basis, 25k, not the worth. People love to post stuff like this without knowing how it works.
      Shallux 15 aug
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    • This isn’t really how it works exactly, but the fine art industry is a scam.
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    • There’s a limit to the tax deduction you get for charitable donations. Donating art is not going to suddenly mean you don’t have to pay taxes.
      Hdjshsk 15 aug
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    • Postmodern art is and always will be garbage.
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    • Tbh i think that might be the point. The whole thing isn't art. It's just one big depressing tax write off. You're supposed to go in there and feel the corruption.
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    • Finally some one said it. Had an argument with my professor 5 years ago about this
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    • I hate modern art
      BANDlT 15 aug
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    • It’s all coming together
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    • Also hipster: millionaires need to pay their taxes
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    • Support native artists! They create beautiful museum quality work that’s much better than bullshit modern art and it actually helps them and their families. There may be Indian markets near where you live
      LarryS 20 aug
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    • Not to mention fine art is usually so cruddy because it's meant for laundering dirty money.
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    • I went to an art meuseum and I saw a painting that was just a 1 inch blye outline around the canvas the rest was blank
      kibble 17 aug
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    • How did you buy 1 mil dollars worth of cocaine? I didn’t i bought this 1 mil painting and the cocaine came with it
      ariel0313 17 aug
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    • Tax loopholes should benefit all not just the poor
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    • I’m so happy that someone finally put this in writing. The people needed to see it.
      Maysel 16 aug
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    • If you know the system you can cheat the system
      Ax1218 15 aug
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    • The fine art market is bullshit. Adam Ruins Everything did a video on it. Would recommend you to watch it.
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    • It's a funny joke, but 100% true.
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    • I still think it's one of the funniest things ever that people hate the rich for simply existing
      fear6010 15 aug
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    • The NY Art Museum legit had a canvas with just two brown lines on it and nothing else
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    • You forgot where the art appraiser sells it to his friend to create provenance
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    • Modern art is one of the stupidest fucking things ever I swear to god
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    • STONKS
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    • Thank u random person telling the truth. But also ill do it for a mil if u contact me.
      macdeala 15 aug
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    • I'm saving this cause yes its funny but the explanation is 100% accurate and I always sound like a conspiracy theorist trying to explain to my friends why the same art with the same materials can cost 1000% higher than people who just arent in the circle.
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    • That’s not how it works at all
      Carve 15 aug
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    • Holy fucking shit whoever posted this actually has a good brain cell running the rest of you who thinks any different or can't understand this is either young and naive or actually pathetic
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    • At this point, you could take your 5th grade hand turkey to a gallery and some dude would pay you 200k for it
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    • Someone watched adam ruins everything lol. Yeah, this happens. People in the Mobs do it too to launder money.
      lamelion 15 aug
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    • That is literally it, no exaggeration or mistakes, that’s straight up exactly how the fine art business
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    • You gonna get Epstein'd if you keep spilling secrets
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    • My art teacher once told me that high end art doesn't have to mean anything and is always pointless. Because rich people literally just want to buy something to spend money
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    • People bitching about tax loopholes would do it too if they had enough money. I know I would
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    • Dude, I'm an artist and find it bullshit. I draw awesome yet crap get sold for millions... It's insane
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    • A rich person says anything is valuable, it’s at a ridiculous price. Like the guy who made the Car from back to the future. He was selling a great product for half the price of the competition and it was a sports car. The rich owners of gmc did not like that
      tmann615 15 aug
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    • This pleases the noon
      Zaffler 15 aug
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    • Some of the works actually take time though. Using different shades, angles, a lot of it has to do with the reputation of the artist as well as the effort that not all may be able to see right away
      LifePlans 15 aug
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    • Modern “art” is such a fucking joke. Liberals who need participation trophies fucking ruined the world of art (painting, music, writing, etc.) Fuck them.
      Karenina 15 aug
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    • Modern art is also a way for the rich to transfer wealth under a veil.
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