Quote:
Originally Posted by kailes2872
For the life of me, I can't understand why people are using it as an investment. By the time you pay 22% buyers premium on the buy side and 10% commission on the sell side (assuming no discount rate is given), it is tough to even break even. If you add to the fact that capital gains rate on collectibles is 28% - more than the tax rate for married filing jointly up to $326,600 (24%) - cards as an investment make other people money but it is tough to break even - even after holding onto the cards for a few years.
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Don't forget (unless they reside in a handful of states) that these investors are also now being charged 6-10% for sales tax.....unless of course they also have a resale license.