Replies

To: Rome2000

Uncle Sam’s take is 38%, they always do real good too.

Long term capital gains on collectibles is 28%.

26 posted on 08/17/2014 11:47:52 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)

To: Fresh Wind

I might add, even 28% is too damn much.

27 posted on 08/17/2014 11:49:02 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)

To: Fresh Wind

And what about the auction house's 30% cut?

Doesn't that get taxed as ordinary income to them?

-PJ

34 posted on 08/17/2014 11:56:38 AM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)

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