Museum Presidents’ Tax-Free, Multi-Million Dollar Apartments

August 10, 2010

Yesterday, the New York Times reported on an ethically sticky practice by many prominent art and history museums in New York City. Museum presidents and directors are not only getting sizable salaries but are oftentimes given tax-free apartments worth millions of dollars, making some question if this is an abuse of tax law.

The American Museum of Natural History, Metropolitan Museum of Art, and the Museum of Modern Art are a few of the museums in New York City that house their presidents and directors in posh apartments. They get away with their tax-free status by claiming that the heads of museums spend a lot of time entertaining donors in their home, so their apartment is also their workplace.

What do you think? Should directors of museums get large salaries in addition to tax-free apartments worth millions of dollars, or is this an abuse of tax law? Comment below and let us know what you think!

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