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Imagine that your taxable income in 2014 was $200,000 and you are filing as a single taxpayer. You are considering selling some assets and are

Imagine that your taxable income in 2014 was $200,000 and you are filing as a single taxpayer. You are considering selling some assets and are curious as to the tax impact.

a. The first item is a collection of baseball cards. You estimate that you paid $50 total when you were a kid for the cards and that they are now worth $500.

b. The next are some shares of stock in Apple. You bought them earlier in in the year (2014) for a total of $2000 and now they are worth $2600.

c. The last are some bonds that you bought for $8000 that are now worth $7800.

If you sell all these items, what would the total associated tax impact be?

(Just the impact of these three transactions, not of the remaining $200,000 in taxable income.)

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