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Justthefacts007

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  1. Justthefacts007
    Realize that the 28% is the maximum tax rate that you will pay. The rate will depend on what tax bracket applies to you. For example let's say you are married,. retired and receive $50000 in SS benefits. As long as you have no other income you could have a net profit of $19000 selling your comics and pay no tax. Also like any other item that you inherit comic values reset that is if a book is worth $1000 when inherited and it is sold for $1000 no tax is owed.