When to SELL / What IF...

joshuanip · #1 02-17-2021, 08:30 PM

Quote:

Originally Posted by Cmvorce

While I have no interest in getting out completely, if I owned PSA 6-7s of Ruth, Mantle, Cobb, Mays, Robinsons, Aaron, etc high dollar cards I would be selling and downgrading to PSA 2-4s in a heart beat.

Quote:

Originally Posted by icollectDCsports

Yep. The better tax treatment of valuable items left to heirs (vs. selling while the collector is still living) is something more collectors should be made aware of so they can factor in when considering when to sell.

Not sure about that... for those who voted and won, your welcome!

https://www.jdsupra.com/legalnews/bi...al-gain-72910/

68Hawk · #2 02-17-2021, 09:56 PM

Quote:

Originally Posted by joshuanip

Not sure about that... for those who voted and won, your welcome!

https://www.jdsupra.com/legalnews/bi...al-gain-72910/

Nothing like throwing in a political shot into a card thread.
None of those supposed tax proposals are attributable in real time.

I'm so tired of scare mongering mate, I need less in my life not more.
Come back when any become recommendations to take to a vote in Congress, cool?

joshuanip · #3 02-17-2021, 10:02 PM

Quote:

Originally Posted by 68Hawk

Nothing like throwing in a political shot into a card thread.
None of those supposed tax proposals are attributable in real time.

I'm so tired of scare mongering mate, I need less in my life not more.
Come back when any become recommendations to take to a vote in Congress, cool?

it’s an actual article. I have more technical tax articles to back it up but I guess you’d see this as scare mongering.... and who are you to say for me to come back. I can write what I want, same as you. If you want to talk down to someone as if they were children, talk to your kids, cool?

68Hawk · #4 02-17-2021, 10:52 PM

Quote:

Originally Posted by joshuanip

it�s an actual article. I have more technical tax articles to back it up but I guess you�d see this as scare mongering.... and who are you to say for me to come back. I can write what I want, same as you. If you want to talk down to someone as if they were children, talk to your kids, cool?

No, you can't write what you want.

There are rules re political commentary on this forum.
When you add your obvious perjorative slant you only encourage a back and forth between posters who would argue the opposite view.

IMO, that's not what the Net54 vintage baseball cards forum is meant to do.
Feel free to check with the mods.

Huysmans · #5 02-18-2021, 09:11 AM

Quote:

Originally Posted by joshuanip

it�s an actual article. I have more technical tax articles to back it up but I guess you�d see this as scare mongering.... and who are you to say for me to come back. I can write what I want, same as you. If you want to talk down to someone as if they were children, talk to your kids, cool?

+1000 Well stated

byrone · #6 02-18-2021, 10:43 AM

Here is a CBC (Canadian Broadcasting Corporation) take on the exploding valuations on various collectibles and hard goods

https://www.cbc.ca/listen/live-radio.../clip/15824603

Exhibitman · #7 02-18-2021, 11:13 AM

Thanks for asking, Tim. She graduated UC Davis last year with a degree in biology of global disease and had already planned for a year off before COVID hit. For grad school she is looking at Masters of Public Health programs. This morning we got word she'd been admitted to a joint program of the London School of Economics and the London School of Hygiene and Tropical Medicine. She'd previously been admitted to Columbia. She still has several applications out there too.

Tao_Moko · #8 02-18-2021, 02:22 PM

Quote:

Originally Posted by Exhibitman

Thanks for asking, Tim. She graduated UC Davis last year with a degree in biology of global disease and had already planned for a year off before COVID hit. For grad school she is looking at Masters of Public Health programs. This morning we got word she'd been admitted to a joint program of the London School of Economics and the London School of Hygiene and Tropical Medicine. She'd previously been admitted to Columbia. She still has several applications out there too.

Good on her and her parents. Mine are 10 and 2(I'm an old dad) but I know I would be proud. One of my Marines just graduated from Columbia and is headed to MIT. My younger Marines are like my kids so I got a taste of what it might feel like.

todeen · #9 02-19-2021, 08:14 AM

Quote:

Originally Posted by Exhibitman

Thanks for asking, Tim. She graduated UC Davis last year with a degree in biology of global disease and had already planned for a year off before COVID hit. For grad school she is looking at Masters of Public Health programs. This morning we got word she'd been admitted to a joint program of the London School of Economics and the London School of Hygiene and Tropical Medicine. She'd previously been admitted to Columbia. She still has several applications out there too.

That's very exciting! And in a profession that couldn't be more needed right now. I've got a radiologist and a top line RN in my family. They both work their butts off.

Sent from my SAMSUNG-SM-G930A using Tapatalk

joshuanip · #10 02-17-2021, 10:16 PM

Quote:

Originally Posted by 68Hawk

Nothing like throwing in a political shot into a card thread.
None of those supposed tax proposals are attributable in real time.

I'm so tired of scare mongering mate, I need less in my life not more.
Come back when any become recommendations to take to a vote in Congress, cool?

For those that do want to know what may change in taxes, I�ve posted another link under the water cooler- offftopic. It�s called �Potential tax changes under Biden�

Casey2296 · #11 02-17-2021, 10:25 PM

Quote:

Originally Posted by joshuanip

For those that do want to know what may change in taxes, I�ve posted another link under the water cooler- offftopic. It�s called �Potential tax changes under Biden�

If people who own a modest portfolio of collectibles, stocks, and real estate to gift to their children aren't aware of what the current administration is trying to do to your children you have your head in the sand.

68Hawk · #12 02-17-2021, 10:49 PM

What the current administration is trying to do to my children?

This kind of BS is thread ban worthy.
Save it for your MAGA friends.

joshuanip · #13 02-17-2021, 10:59 PM

Quote:

Originally Posted by 68Hawk

Nothing like throwing in a political shot into a card thread.
None of those supposed tax proposals are attributable in real time.

I'm so tired of scare mongering mate, I need less in my life not more.
Come back when any become recommendations to take to a vote in Congress, cool?

Quote:

Originally Posted by 68Hawk

What the current administration is trying to do to my children?

This kind of BS is thread ban worthy.
Save it for your MAGA friends.

Grow up

68Hawk · #14 02-17-2021, 11:17 PM

Quote:

Originally Posted by joshuanip

Grow up

Wow, hell of a follow up.

And here is how just a couple of posters can devolve a thread into crap, dragging me into it.

I should know better.

Casey2296 · #15 02-17-2021, 11:02 PM

Quote:

Originally Posted by 68Hawk

What the current administration is trying to do to my children?

This kind of BS is thread ban worthy.
Save it for your MAGA friends.

Relax man and take the politics out of it. If you move the inheritance tax from 10 mil to 3 mil how does that not affect your children. It's not political it's economic, I don't give a shit who's in office.

68Hawk · #16 02-17-2021, 11:16 PM

Quote:

Originally Posted by Casey2296

Relax man and take the politics out of it. If you move the inheritance tax from 10 mil to 3 mil how does that not affect your children. It's not political it's economic, I don't give a shit who's in office.

That tax threshold has gone up and down with every administration for ever.
Both sides debate it and usually find common ground.
Scaremongering what it will before there is ANY indication of that outcome is dumb in my opinion.

Should I start in now on possible takes by prospective candidates for Presidency at the next election and how they could affect the tax treatment of collectables?

This administration has been in government how long?
Comparing the positions laid out as their preferred agenda pre election (or what is speculated as being the agenda by certain media outlets) and what will get done through the passage of legislation is folly.

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