What are the long term tax rates on Gains on Sales of Collectible Assets?

Long-term Gains on sales of investments in collectibles are taxed at a flat 28%. Short-term investments in collectibles are taxed as short-term capital gains at taxpayers ordinary income tax rates. The following are some items includable as collectibles as follows;

1.     stamps,
2.     coins,
3.     precious metals,
4.     precious gems,
5.     rare rugs,
6.     antiques,
7.     alcoholic beverages, and
8.     fine art.

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