How is that for a concept?
In Mexico there is a tax program that allows artists to pay what they owe the State with artwork.
The program is simple—donations are made according to reported sales. If an artist sells between one and five pieces of art in a given year, he or she donates one piece to the federal government. If the artist sells between six and eight pieces, he or she donates two, and so on, with an annual cap of six donations.
So who does pay taxes there?
In a country where 50 percent of the population lives below the poverty line, paying little or no taxes, and another 30 percent earns a living in the informal market, economists have estimated that the tax burden rests on a mere 20 percent of the population.
So what is this "informal market?" Does the IMF know about that when they are investigating money laundering and tax evasion?
This is an interesting story, read it here: http://www.theatlantic.com/international/archive/2014/04/in-mexico-artists-can-pay-taxes-with-artwork/360519/?utm_source=5.6.14+ENEWS
