5/12/13

Collectibles and Income - Inheritance tax : Did it also apply to Gandhi stamps?

Hello Gandhi Philatelist,

We all know how much glorified is Gandhi stamps in order to increase price and make them like for INVESTMENT.

But have you ever thought about Collectibles and Taxes ?

I did some research and it's amazing that you have to pay TAX on it.!! Not only if you bought it but also if you have inherited it (from grandfather or father or whoever.!!).

READ MORE : http://www.sportscollectorsdaily.com/collectibles-and-taxes-what-you-should-know/
Now let's see current selling of Gandhi Philatelic material. Currently I am not worried whether it's GENUINE or FORGED or BOGUS, but let see the price.

So if you buy it and sell it and then you have to pay TAX.!! So think twice before investment because 30% tax will applied to it and than eBay + PayPal Commission which is 7-10%!!

So if you buy $30000 item than you have to sell it more than $42000 before you make any money.!!

And current seller will only get $21000 because he /she has to pay income tax, paypal/eBay expense.!!

Also don't forget about sales tax or local tax or export duty etc.!! I don't know were the price will end for new seller.!!







Some unsold expensive items !!

As we all know when it's  expensive chances of forgery is very very high including BOGUS (never exist) philatelic material.!!!

Also experstizing certificates are forged.!! If they can print 10 Rupees Gandhi stamps than it's not easy to print anything including expert certificate.!!!





In past I saw "hitlerandgandhi" and others buying very high priced philatelic material in just period of 2-3 months.!!

So think how much they have to pay  when they sell this items for in order to make profit.






Also think how much US governments or seller's country government made money on this and eBay made money on this kind of selling of philatelic material.

Now if you INHERITANCE than also you need to pay tax.!!

http://www.groco.com/readingroom/tax_saleofcollectible.aspx

So beware of all kind of taxes while collecting.!! 

It's a same way like any INVESTMENT.!!

Thanks
Gandhi Stamps Club.

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Some interesting think to read.!!

Click following link to read my blog post and you decide whether you really want to be part of this kind of shady collection.!!

First Aerial Post : India 1911 World 1st AERIAL POST ALLAHABAD

First Aerial Mail Post and Gandhi Stamps material SELLER.

FIRST AERIAL POST : INDIAN PHILATELY EXPOSED - PART III

INDIA STAMP FIRST AERIAL POST 1911 ALLAHABAD : Indian Philately Exposed - Part IV

First Aerial Post : Do you really think it's RARE and demands such a high price in philatelic collection? Is it valid in philatelic exhibition if postage stamps used is not valid ? or it's VALUE LESS.!!

Now First Aerial Mail cover is for sale by "buyersellers-australia", as World First Flight air mail cover, who is also selling Gandhi stamps philatelic material and no one is paying him after winning it (increasing price).!!!

Click following link to read it, because it's important to know in-depth when you collect stamps other wise you will be victim of SCANDAL.!!

Gandhi Stamps is "The Greatest Scandal in Stamp Collection" ?

You are WITNESSING "The Greatest Stamp Collection SCANDAL" ?

Think about current situation of India in 2013 and  think 102+ years ago.!! does it make sense World First flight cover can be flown from Allahabad which is about 1400 km from Bombay or 800 km from Calcutta which were/are two major ports which can bring air plane part to India.!! And after that transport to Allahabad will be nightmare.!!

This blog post is not to prove whether it was really flown, but it's about hiding bidders id.!!

Now let's see how this are glorified so you really think it's for INVESTMENT and motivate to buy or some financial advisors or financial analysts will show you return on investment on year over year basics and get your money!!

Everyone (buyer, seller, exhibitor, dealers, auction house, financial analyst) will prosper on you if you start collecting.!! and you will be also get involved in order to save your investment.!!

But I will also prosper because of my holding in eBay stock/shares.!!, as my company(as I own eBay stock) will get commission from this kind of transaction, if transaction is genuine (buyer paid to seller and no return.!!).

Now look at following eBay auction were seller "buyersellers-australia" is trying to hide bidders name by making auction listing as "private listing - bidders' identities protected" even though eBay don't display full name.!!

Not sure why seller wants to hide it.!!

In general humanity you hide when you are doing something wrong or involved in something illegal so people don't know know you.!!!

I personally will never bid or buy on an auction where the user names are blocked out, because it's nothing but CHEATING.!!



I did research about this "private listing - bidders' identities protected" and found out it's nothing but to hide all kind of FRAUDULENT activity such as SHILL Bidding etc. Click to read about it.



http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&_trksid=p2047675.l2565&rt=nc&item=151162877224

But strange thing is that this seller is  hiding eBay bidders id "private listing - bidders' identities protected" for First Aerial Mail were as other listing you can still see the eBay bidders.!! Both auctions are at same time and it's currently open for bidding.!!

Don't you suspect something when you see this kind of things.!!


In my previous blog post I mentioned about this seller "buyersellers-australia" auction where price was increased of Gandhi philatelic material and did not paid.

Click following link to read it and understand Scandal & Scam going in philatelic world, otherwise your INVESTMENT will be nothing but piece of paper, because majority of philatelic material is forgery or bogus which never exist.!!

Gandhi Stamps is "The Greatest Scandal in Stamp Collection" ?

You are WITNESSING "The Greatest Stamp Collection SCANDAL" ?

Do you believe that seller did not get paid for high priced item, but not once but twice within a week.!!

http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&_trksid=p2047675.l2565&rt=nc&item=151160469025

Click following link to read my blog post and you decide whether you really want to be part of this kind of shady collection.!!

First Aerial Post : India 1911 World 1st AERIAL POST ALLAHABAD

First Aerial Mail Post and Gandhi Stamps material SELLER.

FIRST AERIAL POST : INDIAN PHILATELY EXPOSED - PART III

INDIA STAMP FIRST AERIAL POST 1911 ALLAHABAD : Indian Philately Exposed - Part IV

First Aerial Post : Do you really think it's RARE and demands such a high price in philatelic collection? Is it valid in philatelic exhibition if postage stamps used is not valid ? or it's VALUE LESS.!!

But did not notice from above blog post that all that previous seller  "stamp_bay" "upa-global" "ramesh_aha" "drpokiri" "wingwing888" are now not selling world first flight air mail cover.!!

Some of them were also selling 1948 Gandhi SERVICE stamps and Gandhi 10 Rupees FDC from India.!!

To me it looks like "private listing - bidders' identities protected" is to sell

1) Forgery cachet of 1911 first aerial mail from Allahabad  is for sale. (Not sure even this exist in 1911.!! Might be Bogus to begin with in 1911 and it's all glorified.!!)

2) Want to increase price and glorified India 1911 world first flight air mail cover!!

Do you really think this cover will bring commission to eBay and PayPal and will prosper eBay Shareholders.!!?

My personal opinion is no.!!

This means this is a great cheating not only to stamp collectors, but also to eBay Shareholders.? (Disclosure: I own eBay stock in personal account).

But as a collector it's your own money so you have to decide what is right for your collection.!!!

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