The trend in Wagner cards - Net54baseball.com Forums

Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!

#11

09-11-2023, 07:12 AM

Exhibitman Exhibitman is offline

Ad@m W@r$h@w

Member

Join Date: Apr 2009

Location: Beautiful Downtown Burbank

Posts: 14,162

I'm tempted to sell some of my cards too, Peter, but when I factor in the cost of sale and the taxes that temptation fades away. Between 10%-20% of market to the auctioneer, 28% of the profit (and a sale of a highly appreciated asset would be nearly all profit) to the IRS if a capital gain or my marginal Federal tax rate if via a business, and my marginal tax rate to the state, a $50K profit becomes a $25K-$30K profit. Nice, but annoying. Hold until after I retire, and the picture changes. Hold until I die and my kid gets a stepped-up to FMV basis and she can sell it and pay nothing in taxes.

If I want to buy one again, the picture is even worse. I need a 50% drop in value to get back in at no extra cost. How often has that been the case over the last 40 years? Now, i guess I could invest the profit but making up a 50% hit like that is a very ambitious plan.

__________________
Read my blog; it will make all your dreams come true.

https://adamstevenwarshaw.substack.com/

Or not...

Last edited by Exhibitman; 09-11-2023 at 07:22 AM.

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is On Forum Rules

Forum Jump

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Trend in the NBA	barrysloate	Watercooler Talk- ALL sports talk	66	05-18-2019 11:05 PM
Extremely worrisome possible trend.	JustinD	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	43	01-05-2016 05:35 AM
Current trend in E card difficulty?	goudey1933	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	15	05-07-2012 09:41 AM
A Trend? Or is This the Way the Board has Become?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	167	10-25-2007 09:35 AM
New trend on E-Bay? Selling cards rejected by grading services as such.	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	2	08-27-2004 12:02 PM

All times are GMT -6. The time now is 04:53 AM.