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Ben bought a painting for $17,000. Several years later, Ben sold it for $23,000. The year Ben sold the painting, he was in the 15%
Ben bought a painting for $17,000. Several years later, Ben sold it for $23,000. The year Ben sold the painting, he was in the 15% tax bracket. Ben's gain on the picture will be taxed at: |
*
15%. | |||
25%. | |||
28%. | |||
33%. | |||
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