If an individual taxpayer's marginal tax rate is 35 percent and he holds the following assets for more than one year,which gain will be taxed at the highest rate at the time of sale?

Question

Quizplus · Accepted Answer

Gains from the sale of collectibles, such as a coin collection, are taxed at a maximum rate of 28%, which is higher than the 15% or 20% rate for most long-term capital gains but lower than the ordinary income tax rate.

If an Individual Taxpayer's Marginal Tax Rate Is 35 Percent