Quote:
Originally Posted by MikeGarcia
.. The current thread about capital gains on baseball cards has cooled a lot of jets , at least until their applications for Swiss citizenship are approved.
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..fortunately in my situation my capital gains on my own '52's will permit me to remain in Pottsville R D 4 , where the goats and sheep take care of the lawn.
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Don't let the capital gains tax deter you. It is still capped at a max 20% rate......for now. If they end up taking that cap off after a certain point, watch for a lot more of the big value cards to start appearing for sale/auction, before the higher tax rates take effect.
And picking Swiss citizenship may not be a great move. Along with income taxes levied at the federal, canton (their version of our states), and municipal levels, the Swiss may also levy a wealth tax at the canton and local levels. My understanding is their taxes can be as complicated and confusing as ours.