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#1
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Hopefully the first guy will pay his taxes on the gain. Capital gain tax rate for a collectible is 28 pct max, depending on his other income.
Last edited by GrayGhost; 06-22-2010 at 10:22 AM. |
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#2
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Quote:
What if he re-invests the difference in Ricky Jordan Rookies and declares it a business expense? |
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#3
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On the business of re-investing....I am no tax lawyer but the 2nd investment would have to be liquidated to know if there is a gain or a loss on it. Simply buying an investment is not an expense. The expense (loss) comes when you sell for less than you paid. regards
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Leon Luckey www.luckeycards.com |
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#4
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$12K with the touring seat, windshield and a little chrome update. I'd trailer it to Colorado with the rest of the money and spend a month in the mountains and still have money left over. I'd still rather have my Harley over a 2010 BB card.
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#5
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the card is at 38k+ with 6 days left, crazy if this keeps up, the guy will have a house and a harley!
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"There is no such thing as over educated! It is better to be quiet and thought of as a fool then to open your mouth and remove all doubt!! |
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#6
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Jim, We both could buy Ultra Glides with $38K and tour the country. Nah, I want the piece of cardboard. At least the guy on it is still alive.
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#7
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this could get wacky.... but imagine if it hits 100k..... what does that do to our vintage prices.
im thinking 50k is about where it will end, but you just never know
__________________
"There is no such thing as over educated! It is better to be quiet and thought of as a fool then to open your mouth and remove all doubt!! |
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