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Financial Planning / Tax Strategies


Subject:  Re: Vintage Guitars and Capital Gains Date:  9/12/2007  2:48 PM
Author:  irasmilo Number:  95823 of 123001

While talking with my friend, he mentioned that the Capital Gains Tax for a vintage guitar (read: Luxury Item) was around 28%. I assume the 28% is levied on the increased value of the guitar not the guitar's se