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.)
To: Political Junkie Too
Doesn't that get taxed as ordinary income to them?Yes, of course, offset by all the myriad business expenses and writeoffs. But that's not the concern of the consignor who still pocketed close to a million after taxes and expenses.
41 posted on
08/17/2014 12:12:20 PM PDT by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
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