Pretty interesting hack billionaires use to dodge taxes – Digitalmunition




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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

    anonymous
    Participant


    Pretty interesting hack billionaires use to dodge taxes
    [embed]https://www.youtube.com/watch?v=Jze4C5KIz7o[/embed]

  • #279838

    bitstronginfo

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

  • #279839

    px403

    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

    InfosecMod

    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

    levelworm

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

  • #279842

    3choBlast3r

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

  • #279843

    Silver_Python

    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

    Givingbacktoreddit

    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

    jarfil

    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

    psppb

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

  • #279847

    Who_GNU

    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](https://invidio.us/watch?v=3oPBtjGlIps).

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