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Artwork Appraised at $0, But IRS Sues for $29M Tax Bill

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    Democratic Strategist Tara Dowdell and FBNs’ Ashley Webster on the IRS suing for the taxes on a piece of art appraisers say is worth nothing and the...

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A little fun with spare change -- -- -- -- our own.

Ashley Webster.

Democratic strategist here at decked out thanks to both of you for joining us thinking that in place are you gonna make much money being a I like I'm -- roast beef and a few classics that my life is really the current yeah they didn't like making reservations -- Now I don't do you wish you could -- -- aren't looking for -- bright spot the Greek economy we found it military recruiters across the country are saluting.

To an increase in recruitment.

Salaries started about 15100 dollars a month plus medical benefits -- monthly housing allowance.

So are we getting a better choice of candidates for our armed services what do you think passing of cry.

You know if you read some of the studies the majority of the candidates.

Don't have a high school to promising majority.

A larger number than they should be they don't have a high school diploma -- to a based upon us some of the fitness tests they cannot -- the entrance exam.

It's kind of a sad indictment but I understand why the military is an attraction and quite honestly.

A -- -- this was someone recently conscription why not.

These so many kids are out of work sitting around playing video games put some of that knowledge to work have -- -- -- trade and get some structure and so low discipline Terrell likes what you're saying she.

On her head.

Glances at all kinda gals and silver lining I think for the economy and remember Al Gore got made fun of were saying this but the that about he discovered the Internet.

But remember.

Yeah.

I didn't think you did it came from the Defense Department they the military day Harvard University going back and forth with the University of California and they were sending you know messages back and frequently than it would then I don't match.

Also uprising of the Defense Department everybody's that you try to head Allen are not an extra added this line is somewhat mind boggling but check it out at the alien -- -- And important work of art like -- artist.

Robert Rauschenberg so -- the IRS expects them to -- is obviously.

But the piece itself actually includes.

A stuff bald eagle -- and because -- the bird is federally protected the artwork can never be sold ever have to appraisers.

That makes a -- worth zero and they have -- so but the IRS they don't care about that.

They have a Prius it's 65 billion dollars and they are fighting to get the years to -- more than 29 billion dollars in taxes.

How old he asked them to -- tax -- something that they literally can not ever sell its -- out you can numbers right.

Why I have an idea finance I think I should talk to Mitt Romney and find out how the shelter their tax money law.

All doing and let the right -- you -- give unnamed buyer I'd be happy yeah 15% on the -- never ever -- Classic example of the IRS being absolutely ridiculous and whether they get this amount if it's worth zero -- com you can't price it so they.

I think they -- that -- it might be able to get on the black market.

Maybe -- I think it was it was like the last time it was appraised when you could actually sell -- over the exact detail but it was part of this billion dollar collection that right laughed too.

This woman's children as and they had to sell off attended the art -- -- -- -- taxes on it and it got down to this one piece and I guess the eagle was.

Teddy Roosevelt's Rough Riders -- -- and stopped it before it was illegal to do that it's part of this sculpture and painting company should be candidate -- really work -- at -- -- -- -- -- -- -- -- -- on the -- you know that's -- -- It's on display it's in the museum it's not like they have at their house they're showing your friends -- museum -- -- they talked about donating it was telling you yet -- -- -- crazy it -- -- Vatican at all daily that this selling -- -- and -- we must protect you hear about to -- stories it's focused on how much money the wife is gonna get or how little -- is that advocates right.

Well lawyers have caught on big time and other law firms all that specifically -- and getting divorced.

What do you think about this the -- right.

Why not you know look traditionally.

The courts will favor the model for oil and has been that way and I think man.

Do have to fight a little bit hotter and I think.

Is that your perspective as a manner you think that is land is that the your lawyer what do you think is that true excellence -- -- yeah I think lawyers always men to find a way to make money that's -- okay.

It doesn't matter what economic situation is the lawyers will find the lazy it's hard not to when it comes the lawyers these -- opening of boom -- right into.

It.

That shows how money without -- celebrate -- is that they're making money right and then make my biggest marketing and does not plan and marketing I'm not lawyer -- marketing -- mark my does that -- Inspected and that is Rebecca -- -- idea you find audience for a market that feel that they're not -- need to -- -- a and you go get our rights just over.