When to SELL / What IF...

[Casey2296]

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]

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]

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?

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]

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.

[joshuanip]

Originally Posted by 68Hawk

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.

Yup you got me...

[fkm_bky]

Back to the cards and away from the political bull crap.

So I just found some beautiful Land in Door County WI that would be a fantastic place for a vacation cottage. I would sell the hell out my cards to afford both the land and the improvements. Alas, my collection wouldn’t even get me the land 😁.

But I’d sell a card that has increased to stratospheric levels (as postulated in the initial post) in a heartbeat to fund it. Ideally some new age 1:1 stupid NBA card or a gem mint Henderson, not a PSA6 Uzit Cobb.

Bill

[Billy5858]

����

[ALBB]

Yea, leave those politics at the other forum

[Casey2296]

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]

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.

[Casey2296]

Originally Posted by 68Hawk

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?
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.

Cmon, who are we fooling, the current administration has a house and senate majority and they're pissed that the orange popsicle made it in for 4 years, taxes are going up not only on collectibles but anything they deem as "wealthy". You know whose gonna suffer as usual? Working class and middle class folks trying to get ahead, climb the ladder, and make a better life for their kids. It's been that way to 40 years, it ain't gonna change.