3 ms·

I found this (http://nightflight.com/newpost/ http://nightflight.com/newpost/) other article which tells a similar story but has slightly more detail. 1970s tax

I found this (http://nightflight.com/newpost/ http://nightflight.com/newpost/) other article which tells a similar story but has slightly more detail. 1970s tax law apparently let you write off the (make believe) appraised value of a master recording rather than the actual cost.

bluejekyll 10y ago
Which doesn't make you money, as much as it offsets profits. I think we're all familiar with a person who's done that.