South-Central Pennsylvania's Ultra-Hip Pop Culture Mecca™! Since its founding in 1988 by local fans Ned Senft and Bill Wahl, Comix Connection™ has served the Pennsylvania comic-reading community for over 28 years. From its humble beginnings in the old York Book Emporium in downtown York to its current globe-straddling locations on White Street in York and on the Carlisle Pike in Mechanicsburg, Comix Connection™ has always provided the very best in customer service, selection of neat stuff and attention to detail. Visit us today! Questions? Comments? Call or Email us! Of course, all images are © and ™ their respective copyright and trademark holders! No matter where you go, there you are.
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From the COINLINK
Capital gains tax higher on sale of collectibles
Capital gain from the sale of a collectible held for more than one year is taxed at 28 percent.
That is significantly higher than the capital gains tax rate for most investments, which are taxed at a maximum 15 percent rate, 5 percent for taxpayers in the 10 or 15 percent tax brackets. Short-term investments in collectibles are taxed as short-term capital gains at ordinary income tax rates.
Labels: collecting, psa