Another rug pull from USA....28% on gold long term gains.🤣🤡🌎
Tax Classification: Collectibles vs. Securities
Gold as a Collectible: The IRS classifies physical gold (e.g., bullion, coins) as a "collectible" under IRC Section 408(m).
Collectibles, which also include art, antiques, and certain other tangible assets, are subject to a maximum long-term capital gains tax rate of 28% for assets held longer than one year.
Stocks as Securities: Stocks, bonds, and most other investment securities are classified differently and are subject to a lower maximum long-term capital gains tax rate of 0%, 15%, or 20%, depending on your taxable income and filing status. For 2025, the 20% rate applies to higher-income taxpayers (e.g., taxable income above $553,850 for single filers or $622,050 for married filing jointly).
uploadinglogic / American Remnant
npub1hw…59pqx
2025-09-10 12:34:02 UTC
Author Public Key
npub1hw5cg4n0khzrgn56qa80ltdd70h4wjanvx3k6fse9uv0wwj5254qq59pqxSeen on
wss://relay.damus.ioPublished at
2025-09-10 12:34:02 UTCEvent JSON
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"content": "Another rug pull from USA....28% on gold long term gains.🤣🤡🌎\n\nTax Classification: Collectibles vs. Securities\n\nGold as a Collectible: The IRS classifies physical gold (e.g., bullion, coins) as a \"collectible\" under IRC Section 408(m).\n\n Collectibles, which also include art, antiques, and certain other tangible assets, are subject to a maximum long-term capital gains tax rate of 28% for assets held longer than one year.\n\nStocks as Securities: Stocks, bonds, and most other investment securities are classified differently and are subject to a lower maximum long-term capital gains tax rate of 0%, 15%, or 20%, depending on your taxable income and filing status. For 2025, the 20% rate applies to higher-income taxpayers (e.g., taxable income above $553,850 for single filers or $622,050 for married filing jointly).",
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