[ale] IRS, Art, RIAA & MPAA

[Geoffrey]

James P. Kinney III wrote:
> When an artist donates a piece of art they created to a charitable
> organization to be used for a fund raiser, the IRS will only allow the
> artist to deduct the cost of the physical materials used in that piece.
> So a painter can only write off the actual cost of the paint, canvas and
> frame. They can't write off an estimated street value of the work. Nor
> can they write off an hourly rate for their time. The IRS has denied
> they the ability to deduct the assigned value of the Intellectual
> Property used to create that work of art.
> 
> So how does BSA, RIAA, & MPAA get away with claiming damages of full
> retail value instead the cost of the bulk CD/DVD, box and label?

Them that have the money make the rules....

-- 
Until later, Geoffrey

Any society that would give up a little liberty to gain a little
security will deserve neither and lose both.  - Benjamin Franklin