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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