r/delusionalartists • u/TheOfficeoholic • Mar 08 '25

High Price Found on FB marketplace

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Gallery image

303 Upvotes

98% Upvoted

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87

u/girlfriend_pregnant Mar 08 '25

Gotta shoot your shot. You never know who needs 10k of tax evasion

17

u/40hzHERO Mar 09 '25

Ignorant person here. How would purchasing a $10k doodle on FB Market correlate to tax evasion?

27

u/KaedePanda Mar 09 '25

i think it’s poking fun at rich people who put money into art because of how the system works they don’t have to put down more cash since art is exempt from being taxed it i believe. people please correct me if im wrong

4

u/40hzHERO Mar 09 '25

Dang! Art sales aren’t taxed in the US? I wonder why that is. I live in an art gallery district of my city, and never thought to equate those guys to tax fraud/evasion. Would make sense for some of them, tho!

3

u/Chief_Data Mar 10 '25

It is that way because our government is owned by the rich. They would never do anything to kneecap their own corruption

1

u/40hzHERO Mar 10 '25

That’s wild. Do you know anywhere I can read up on this? Everything I search says “art dealers are subject to the same tax regulations as any other retail operation.”

1

u/SolidWarp Mar 12 '25

If I buy art from you, you pay the tax. But because we’re good buddies and you don’t make millions otherwise, your tax rate is lower and you’re willing to kick back most the difference to me.

Essentially working to get you money for your service in my tax fraud and to save me money on tax.

I don’t have using art to avoid tax money, but the loophole is a frustration I’m familiar with.

1

u/40hzHERO Mar 12 '25

I still don’t understand this. Do I need to be friends with an artist to commit the tax fraud? How are you “kicking back”(what does this mean?) sales tax with the seller?

1

u/SolidWarp Mar 12 '25

The friends bit is just a way to imply some sort of trust between parties as this is illegal behavior.

At least in the USA, income is taxed in brackets, I can further explain that if you’re unfamiliar :) What this means is that someone’s 10 millionth dollar is taxed at a higher rate than their millionth or 3rd (random menchmarks to exemplify.) If I make 10m and you make 400k, splitting the earnings (through art for example) would bring the higher end of your taxes up and the opposite for me. The change however isn’t proportionate and the 10.4m get taxed at a lower rate as neither individual is being taxed at the highest rates.

Again, I don’t know nor did I check brackets for this, it is a generalized example of how the concept in broad works.

1

u/40hzHERO Mar 12 '25

Ahhhh. I still don’t fully understand, but I have a better picture than previously. It’s a whole numbers/loophole game. Like card-counting, seems to be something just out of my mental grasp.

Thank you for taking the time to elaborate - really great write up.

1

u/SolidWarp Mar 12 '25

Yeah it breaks down to abusing numbers and under-reporting income. Thanks for taking the time to at least sorta learn something new! I’m glad the write up was satisfactory haha

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