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Conference school::sports_memorabilia

Title:Sports Memorabilia
Notice:Wanted: 3.*; For_sale: 4.*; Traded: 5.*
Moderator:SCHOOL::KOPACKO
Created:Wed Aug 27 1986
Last Modified:Thu May 08 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:730
Total number of notes:8547

136.0. "Channel 11 Auction" by --UnknownUser-- () Tue May 01 1990 09:53

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136.2TAX WRITE-OFFCBROWN::WALWORTHTue May 01 1990 11:356
    Last year I was watching the channel 2 auction put a bid in for
    two upperdeck wax boxes of $90. They ended up going for over $200.
    There are no bargains to be had.
    
    regards,
    kcw
136.3Figure in your tax effect.AKOV12::GASPARONIThu May 03 1990 09:529
    To really figure out the price your paying, less the tax effect,
    figure out what tax bracket your in, usually 28% or 33%, (if your in
    a 15% bracket you shouldn't be buying this stuff anyway).  Multiply the
    cost of the item you bought times the tax rate.  This amount will be 
    what your tax savings will be from the contribution.  Subtract this
    from the cost of the item, and this number will be your true price. 
    Remember, you must itemize your deductions on your 1040 to take this
    deduction.  Hope this helps anyone participating in this worthwhile
    event.
136.4When ???USWAV1::VINTONFri May 04 1990 13:043
    Is it Friday the 5th or Saturday the 4th that the auction kicks off ?