MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
[url= http://arrestedmotion.com/2014/01/banksys-heart-balloon-sells-for-650k-to-coldplays-martin/ ]I know it's for a really good cause[/url] but I just wish it would have been some other wealthy person instead of that sanctimonious pillock who bought it to make him look like he was saving the world.
People [i]really[/i] love a good moan.
Ain't that the truth
And to add your pain gwyny probably paid him fully back for his good deed when they got home 🙄
and as it's in America 100% of the amount that goes to charity can be taken straight off any tax that the donor owes.
so it doesn't really cost them any of their own money, just reduces their tax bill by the amount spent.
I'd rather a good old fashioned dictator or banker had got it.
[i]'...an original on wood that sold at [u]Sean Penn[/u]’s Help Haiti Home Gala in Beverly Hills. Bought by [u]Chris Martin[/u] from Coldplay....'
[/i]
Now that's an event I'm glad I missed!
and as it's in America 100% of the amount that goes to charity can be taken straight off any tax that the donor owes.
That can't be right, it can only be taxable income that is reduced by the amount given to charity.
just checked and you're right, it's a taken off gross earnings, not tax.
But surely he has an asset from the purchase of this picture and as such it was not a donation to charity.
It will be the Sean Penn Help Haiti gala that gives the money.
Or am I wrong?
But surely he has an asset from the purchase of this picture and as such it was not a donation to charity.
Its not the buyer who is making the donation its the seller - in this case its Banksy that has made the donation and the charity has swapped that donated asset for cash. Purchasing an artwork can still be tax deductible though.
Deary, deary me 🙄mikewsmith - Member
I'd rather a good old fashioned dictator or banker had got it.
sorry CZ forgot my irony smiley !!!! 😉 😆 !!!