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rjtavares
on July 22, 2012
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Art’s Sale Value? Zero. The Tax Bill? $29 Million.
Give people the option to sell art at an arbitrary percentage of a made-up valuation? I'm sure that would end well...
miahi
on July 22, 2012
[–]
The valuation is given by IRS, so if they value it so high to get taxes (they jumped from 15M to 60+M just like that), they should also be able to buy it at the valued rate.
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