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Politics : Politics for Pros- moderated

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To: Murrey Walker who wrote (410833)	2/16/2011 12:46:18 AM
From: longnshort	1 Recommendation Read Replies (1) of 793575

"Have you ever furnished your office with art, knowing that it would wind up in your home later on?" if I bought art on my company dime in my state it would go on my company assets. In my state I have to pay corp 'personal property tax on all corp. assets. so even if I got a 20-35% tax right off (when I bought it) I would have to pay 'personal' corp tax on (each year)that art work for the rest of my life( and corp life) , based on the value of that asset ( even if the art piece went up in value). so for a 5000 piece of art I could end up paying ..what 10-20,000 for it ? why would anyone do that

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