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jharvey

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Posts posted by jharvey

    New IRS reporting for 2021?

    in Comics General

    Posted · Edited by jharvey

    11 hours ago, shadroch said:

    The rules have changed. The pass thru is a game changer. 

    I think you are referring to the 20% Qualified Business Income (QBI) deduction? If so, it is incorrect to call it "pass thru". You probably are just getting it confused because pass-through entities such as S Corporations and Partnerships can pass their income through to their shareholders/partners who then get a QBI deduction based on that pass through business income. However, if you are filing a Schedule C on your individual return, nothing is passed through to anybody else. You just get the QBI deduction directly.

    New IRS reporting for 2021?

    in Comics General

    Posted

    25 minutes ago, jcjames said:

    That's not what the info from the link stated:

    "All the same, the 28% rate is advantageous for those in the higher tax brackets compared to taxes on ordinary income – although, by the same measure, those in brackets below 28% will take an extra hit."

    That's because the person who wrote that doesn't know how a tax return actually works.

    Here is some info from a different article that was written by someone who knows a bit more:

    Quote

    https://www.thetaxadviser.com/issues/2019/nov/taxation-collectibles.html

     

    The statutory tax rate on collectible capital gains (after all applicable netting) is a maximum 28% rate or the rate at which the gain would be taxed if it were ordinary income, if lower.16 When taxpayers have ordinary income, collectible gains, unrecaptured Sec. 1250 gains, and other long-term capital gains, it is important to consider the order in which ordinary income and net capital gains are applied in order to determine the rate at which the collectible gain would be taxed if it were ordinary income. Ordinary income is taxed first, followed by 25% gain, followed by 28% gain, and then the 0%/15%/20% gain.

     

    New IRS reporting for 2021?

    in Comics General

    Posted

    6 hours ago, jcjames said:

    "You need to know your cost basis to calculate your taxable gain, and that means the price paid plus any costs, fees, and commissions involved with that purchase."

    Utterly unknown and unknowable for me. (shrug) I have no idea how much I paid for a Wolverine #1 that I think I got maybe four (or was it seven?) years ago.

    Sheesh... 28% capital gains, no thanks buhbye. :hi:

    It's actually a "maximum" rate of 28%. If you are in a 12% tax bracket, then you pay 12% tax. If you are in a 37% tax bracket, then you pay the maximum of 28%. 

    Should I buy Silver Age keys now?

    in Silver Age Comic Books

    Posted

    12 hours ago, B2D327 said:

    While some books are stagnant, there are keys that are gaining if you know what to look for. A high grade GL 87 was under $200 a little over a year ago, now a 2.5 goes for that much. Mister Miracle 1 comes to mind along with the other Kirby 4th world stuff. The good thing is that while collectors and speculators are concentrating on that stuff, it makes the lesser known books ripe for the picking. 

    True, but for every 1 DC comic that goes up in value, 100 Marvel comics go up in value.

    COVID victim fundraiser

    in Golden/Silver/Bronze Age Only

    Posted

    1 minute ago, crassus said:

    2 books for donations, each can be had separately or both taken together for a donation of $60.00 shipping anywhere on me. Please contact West for payment instructions

    Fantastic Four 40 5.0 (cb and ncb wear consistent with grade, just note a "44" in pencil top fc in "world's greatest" otherwise nice and glossy for grade) $45.00

    Conan 8 7.5 (structurally a bit better but ncb scoring just below the spider, only visible at an angle but its there, still a nice copy for a run) $25.00

    FF-40-fc.jpg

    FF-40-bc.jpg

    Conan-4-fc.jpg

    Conan-4-bc.jpg

    :takeit:both for $60

    Avengers: Endgame (2019)

    in The Movie Forum

    Posted · Edited by jharvey

    25 minutes ago, Turtle said:

    I watched Endgame maybe 3 weeks ago again, pausing the movie and taking quick breaks after each "Act".  As it worked out, each act was right around 1 hour.

    Granted, the first act wasn't very superhero-y.  You spend a little time wrapping up the events from the days just after the snap, then you spend most of Act 1 in the 5 Years Later era.  It wasn't the most exciting bit of the movie, but it does a nice job of showing what the characters have been up to in the last 5 years and sets up the plot for the rest of the movie.  Pretty standard for act 1 in the traditional 3-act structure.  There is certainly some stuff to be cut from here, but I doubt you could cut a lot.  

    Act 2 was the "Time Heist".  I wouldn't be a fan of seeing most of this stuff go.  All of the New York stuff was great.  The Rocket/Thor combo made Asgard fun and Thor got a great character moment with Frigga.  War Machine/Nebula on Morag was a little dry, but necessary to move the Thanos portion of the plot along.  Hawkeye and Black Widow get their sendoff moment on Vormir, and then Cap/Tony go back to the base in New Jersey, mostly for Tony to have his big moment with his father.  I'm not sure what I'd cut here.

    Act 3 was basically everything post-heist and it really moved.  I'm not sure what you could cut that would improve the movie.

    Conceivably, I could see Endgame possibly getting down to around 2.5 hours by cutting mostly stuff from the first act, but I think the movie would be worse for it.  I'm not a fan of long movies.  It's got to be really engaging to keep my interest much past the 2 hour mark.  That said, I've seen Endgame 6 or 7 times and I've never felt that it dragged despite being over 3 hours in length.  

    If you're cutting 90 minutes of Endgame, which parts are you taking out?

    To start with, I'd cut out the following:

    • Hawkeye completely, except to give him a couple minutes of screen time where he can be the one to jump off the cliff and die instead of Black Widow. Cut Ronin Hawkeye. Cut Hawkeye watching his family turn to dust, since we already saw everyone turn to dust in the prior movie.
    • All the back and forth trying to convince Tony Stark to help them and him refusing. 
    • Smart hulk in the cafe signing autographs.
    • Smart hulk trying to discover time travel and turning Ant Man into a child/old man/teenager.
    • Smart hulk handing out tacos.
    • Cut most of fat Thor out. Maybe just leave him as lean Thor, and remove most of the cheesy comedy.
    • Cut out most of the ending, the funeral, and old man Captain America.

    Avengers: Endgame (2019)

    in The Movie Forum

    Posted

    On 1/15/2021 at 12:05 PM, Turtle said:

    Interesting take.  I'll pick out one piece that I don't agree with...cutting the two movies down into a single film.  

    Any Marvel fan knew roughly how this would play out: half of the cast would be snapped out of existence only to be brought back by the end of the story.  By leaving the initial snap as a cliffhanger at the end of the first movie, it gives the event more weight.  This is especially true considering Infinity War didn't get the traditional "Hollywood Ending" that most other action movies get.  It left people a little uneasy and I'd say it caused the general public to get even more invested in seeing the remaining heroes try to save the day by the end of Endgame.  

    I'd say splitting the story into 2 movies helped to raise the stakes and make Endgame an even bigger payoff.  The events of The Snap would have felt hollow if it were crammed into the middle of a movie and then resolved by the end.  Spreading it out over a year was definitely a good call as far as I'm concerned.  

     

    I agree. Instead, they should have just cut the runtime of Endgame in half. This way it would be a 1 1/2 hour movie with all of the best parts, instead of a 3 hour movie where half of it is boring.