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are you an artist.....

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Post by Pedro Mon Jul 28, 2014 10:24 am

.... and citizen of mexico? did you know that since 1957 in lieu of paying taxes you are allowed to donate your work on a sliding scale depending on your sales to a maximum of 6 pieces?
what a super programme!
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Post by hockables Mon Jul 28, 2014 12:11 pm

U can Donate Art and use the value as a Tax Receipt in Canada as well....I'll betcha US allows it too....  Beer 

After selling off the family home we sent a couple o pieces to Auction for Parkinson's Research... got a nice little receipt  Very Happy 
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Post by CanuckBob Mon Jul 28, 2014 12:20 pm

I think Pedro is saying you can use the donation to actually pay your income tax, not just as a "charitable donation" deduction???
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Post by Pedro Mon Jul 28, 2014 12:27 pm

CanuckBob wrote:I think Pedro is saying you can use the donation to actually pay your income tax, not just as a "charitable donation" deduction???
almost correct-what "in lieu of" means it's not a donation-it's how an artist's income tax is actually paid,with some of their work and not pesos. that's why mexican artists don't fill out tax forms keep records nor need accountants. they give the gummint their good art because the gummint puts it on display even in foreign missions. what a great win/win idea. not just those who paint pitchures by the way.
i don't know any other country that supports their artists in this manner.
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Post by hockables Mon Jul 28, 2014 12:55 pm

Pedro wrote:
CanuckBob wrote:I think Pedro is saying you can use the donation to actually pay your income tax, not just as a "charitable donation" deduction???
almost correct-what "in lieu of" means it's not a donation-it's how an artist's income tax is actually paid,with some of their work and not pesos. that's why mexican artists don't fill out tax forms keep records nor need accountants. they give the gummint their good art because the gummint puts it on display even in foreign missions. what a great win/win idea. not just those who paint pitchures by the way.
i don't know any other country that supports their artists in this manner.

My bad...  Beer ... I'm signing up for English as a first language this fall
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Post by martygraw Mon Jul 28, 2014 3:39 pm

Hock, coming from Sask that's understandable.
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