jharvey

both the Star Wars packs

What if it was a $200 comic when you sent it in, but 4 months later when they finally get around to grading it, it is now a $1000 book? I believe this is a fairly common occurrence these days.

Oh come on. It is so completely impossible that it just looked stupid. At least if a super-powered being did it, you could attribute it to the super-power. With a normal human doing it, trying to maintain the suspense of disbelief was really tough.

Except for the fact that eBay has a maximum cap on fees for a single transaction; except for the fact that most people won't pay the 28% rate because you actually pay the LOWER of 28% or your ordinary income tax rate (based on your tax bracket); except for the fact that if you file a Sch C you can deduct expenses; except for the fact that if you file a Sch C you can take a 20% QBI deduction. Your math is way, way off sir.

There is also no way in the world that a non-super powered human could possibly throw and catch a metal shield like that. It just looked ridiculous.

I'm not sure where you got this info, but what you say is not always the case. I had a comic damaged via USPS, filed a claim online, got a payout and kept the comic. I never stepped foot into the post office, and never had anybody inspect anything other than the pictures I provided online of both the box, packaging, proof of purchase price, and damaged comic.

Yes, you are correct. Cost of goods sold you can deduct.

The tax treatment is different depending on whether your comic selling is considered a hobby or a business. Ask your tax preparer what you need to do in order to be considered a business.

ASM 78

I've seen quite a few high grade comics with rust listed in the grader's notes. Here are a couple that I submitted and have the notes for: CGC 9.2 Grader Notes: very light staple rusted bottom of spine CGC 9.0 Grader Notes: light creasing to cover. light staple rust. very light wear all edges of cover

You mean like these? https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=afa+tsr&_sacat=0&LH_TitleDesc=0&_sop=16&_odkw=dungeons+and+dragons+graded

x-men #15

FF#8 CGC 6.0 per PM

FF #22 per PM

Amazing Spider-Man #96 (FN-VF) - $95

Fantastic Four #41 (FN+) - $45

Speculation, with the Skrulls already in the MCU, and the Fantastic Four on the way.

Ok, and on a Married Filing Joint return, if you make less than $171,050, you are in a 22% tax bracket which is still less than 28%. Also keep in mind this is $171,050 of taxable income. Your income first gets reduced by many other things like business expenses, standard/itemized deduction, 20% qualified business income deduction, adjustments to income, etc. You could easily make way more than $171,050, but still have a taxable income that is below that amount after deductions.

Collectibles have a special capital gain rate of 28%, but it is the LESSER of 28% or your ordinary income tax bracket rate. So you are correct that most people would not pay the 28% rate.

You are overlooking the fact that you pay the lesser of the 28% collectibles rate, or your ordinary income tax bracket rate. In order to actually pay the full 28% in tax, on a Married Filing Joint tax return, you would need to make over $326,601 in taxable income to put you in a high enough tax bracket to trigger the 28% collectibles rate. A large majority of people would in fact pay FAR less than 28%. For example, on a Married Filing Joint tax return, as long as you make less than $80,250 in taxable income, you are in a 12% tax bracket and would pay 12% on your collectible gains, not 28%.