[ale] IRS, Art, RIAA & MPAA
James P. Kinney III
jkinney at localnetsolutions.com
Fri Apr 28 15:46:10 EDT 2006
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?
If anyone knows how to turn this line of though over to a law firm who
can make use of it to either
A. (preferred) Smack BSA,RIAA & MPAA
B. (not a bad thing either) Get the rules changed for donated art
I would be happy.
James P. Kinney III \Changing the mobile computing world/
CEO & Director of Engineering \ one Linux user /
Local Net Solutions,LLC \ at a time. /
GPG ID: 829C6CA7 James P. Kinney III (M.S. Physics)
<jkinney at localnetsolutions.com>
Fingerprint = 3C9E 6366 54FC A3FE BA4D 0659 6190 ADC3 829C 6CA7
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