TBH, what bothers me most is the US capital gains tax rules for sales of collectible items. Not only are they taxed at a very high rate, but losses do not offset gains. I guess I can understand that this closes an obvious loophole, but it seems to be an unfair penalty for sales of legitimate collectibles relative to other assets. Normally, if you win-some and lose-some, you only pay taxes on the net gain, and that seems logical to me.
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