Posted by MarkB_MI on April 07, 2013 at 14:57:17 from (75.219.57.141):
In Reply to: Re: $300K? posted by mudbudquad on April 07, 2013 at 13:27:01:
He's saying that capital gains tax will take half the proceeds from the sale. Not exactly true, more like a third of the net profit on the sale. Rare violins are considered "collectibles" and and capital gains are taxed at 28 percent plus whatever the state tax is. Of course, if these violins are truly rare, the owner probably didn't pay chump change to acquire them, so his cost basis might be over a 100K.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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