[ale] IRS, Art, RIAA & MPAA

[Dow Hurst]

Talk about the ultimate special interest group!!!
Dpw

Geoffrey wrote:
> 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....
>
>