Pretty interesting hack billionaires use to dodge taxes – Digitalmunition


Home Forums Pretty interesting hack billionaires use to dodge taxes

This topic contains 1 reply, has 2 voices, and was last updated by  bitstronginfo 1 month ago.

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  • #279836


    Pretty interesting hack billionaires use to dodge taxes

  • #279838


    So museums will just auto accept donations of any art some rich asshole says is valuable?

  • #279839


    You want to talk about cost density, cryptocurrencies dominate that space these days.

    You can’t quite do that same artificial price pump donation scam to get out of paying taxes though, so.. pros and cons.

  • #279840


    This seems a lot more relevant to /r/unethicallifehacks than /r/hacking. I don’t see how buying and trading art to evade taxes is really within the spirit or culture of computer hacking.

  • #279841


    It’s also been used as a way to bribe officials.

  • #279842


    Yup… This had been pretty common knowledge for a long time now

  • #279843


    1. Not computer hacking related.

    2. You spammed the same thing to lots and lots of different subreddits. I’m going to put this down as spam presumably to your monetized youtube channel or something.

  • #279844


    They also tend to go up in value over time. A appreciating asset rather than a depreciating one like your car. And they look……well, nice lol.

  • #279845


    Alternative hack, for already famous pieces of art:

    * Buy piece of art at auction for $X
    * Get an art expert to value your piece of art at $X+100%
    * Get insurance for piece of art valued at $X+50%
    * Auction piece of art with bids starting at $X+50%
    * Sell piece of art at auction for $X+150%
    * Repeat

  • #279846


    I did not know any of this… Now rich people ruined art.

  • #279847


    That was a lot of stock footage, and the writing style sounds like a school report. I wouldn’t be surprised if the creation and promotion of this video was [entirely outsourced](

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