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A Michael Jordan Baseball Card Just Sold for $625,250. Social Security Can Ignore the Gain While the IRS Uses a 28% Collectibles Rate
Source: 247wallst.com
Tax & Tariffs
A six-figure sports-card auction sale may be treated differently by the IRS and Social Security, according to the article. The differing rules could catch collectors off guard; no specific tax amounts or benefit effects are provided.
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