Friday, April 23, 2010

Art and taxes mix Mexico

In Mexico, artists can pay their taxes with artwork

MEXICO CITY — Can't afford to pay your income taxes? Paint a picture instead.

That's the deal Mexico has offered to artists since 1957, quietly amassing a modern art collection that would make most museum curators swoon. As the 2009 tax deadline approaches, tax collectors are getting ready to receive a whole new crop of masterworks.

"It's really an amazing concept," says José San Cristóbal Larrea, director of the program. "We're helping out artists while building a cultural inheritance for the country."

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