This is a bad evening. I’m doing taxes. I just found out that — if you, as an artist, have hobby expenses over hobby income, then none of your hobby income is reported. However, if your hobby income is a dollar over hobby expenses — the ENTIRE AMOUNT of income is taxable — and it isn’t directly offset by hobby expenses. Hobby expenses are itemized deductions. I have a degree in accounting — and I am baffled by this. It is probably one of the most unfair things I have ever seen — although I always knew in tax class that the right answer was always the one that’s the most unfair to the taxpayer. I’m just so completely overwhelmed with what this says about our treatment of the arts in our society. I don’t make enough income to qualify as a business — but they’re going to penalize me for making anything. I feel like I’ve dropped into a hole — a doughnut — where I am penalized just for existing at all because I’m no longer in the red — but nor am I enough in the black.
That said, I give you my weekly Twitter summary — with little commentary. You can follow me in real time @vsgreaves — or check out the social media icons in the upper right above the menu.
RT @EliaLocardi: “Learn the rules like a pro, so you can break them like an artist.” – Pablo Picasso #inspiration http://t.co/8svISpMWNo
RT @ArtsyShark: Make Your Own Luck – http://t.co/JOQNJ2ThEK
RT @ArtsyShark: What Makes Art Remarkable? – http://t.co/Kaed3vUbCE
RT @FortheCreators: How to Find the Joy in Your Creative Work Every Single Day http://t.co/rE1IIIK7xB
RT @abstanfield: Who’s Buying What? 10 Surprising Facts survey of super-rich collectors http://t.co/Qu4h6j3eE7 via @artnet
@vsgreaves: “New Video Series Humorously Probes Art’s Corruption” Finding art in the art world — good questions. http://t.co/dEItBGcoVM
@vsgreaves: “Banksy Vandalism Drama Alert!” Banksy always begs the question — what is vandalism? #Banksy http://t.co/LBAjZvQO5J
@vsgreaves: “Woman of Mystery: Finding Vivian Maier” Who was this wonderful photographer — completely unknown until her death? http://t.co/35MgujxCoR
RT @abstanfield: “Hans Ulrich Obrist: the art of curation” Curation is it’s own skill set. http://t.co/Mokuo4RqfG
- Comments (0)
Fatal error: Cannot assign by reference to overloaded object in /home/content/57/11582157/html/wp-content/themes/mystique/atom-core.php on line 4232