[bronak1]

Theres way better ways to launder money...I think you might be thinking of tax evasion.

[weaksauce]

Art is a great way to launder money for the ultra rich. It's a pretty widely known scheme covered over and over again. here's one sample: https://www.forbes.com/2003/04/08/cx_0408hot.html

[jl2718]

I don’t see how this could work, at least with US tax law.

[kkielhofner]

When it comes to tax evasion ("avoision") there is no limit of creativity.

[DamnYuppie]

But tax avoidance isn't illegal, this has been tested many times in the US courts.

[kkielhofner]

I'm aware of that (hence the parens and quotes) but I was more referring to what could probably best be understood as "common understanding", that is to say that a large portion of the population would probably be shocked at the kind of sophisticated avoision strategies that have been deployed to minimize tax liability.

The average Joe doesn't declare $100 in income - evasion.

The ultra wealthy don't get taxed on $100,000,000 in income - avoision.