In Mexico, Paintings Can Pay Your Taxes
Founded in 1957, the Mexican Pago en Especie program enables registered artists to submit art as their income taxes. Paintings, sculptures, and other graphic arts are accepted, but they must be approved by a committee to ensure their quality. The amount of art that an artist contributes is determined by how much art they sold during the year.
from Seeker Daily
Key Facts In This Video
Every year in Mexico, about 700 registered artists pay their income taxes with artwork. (0:30)
Due to the Pago en Especie program, the Mexican government's collection of art has grown to more than 7,000 works. (1:35)
The Mexican government is not allowed to sell any of the art they receive as taxes. (1:59)