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I believe muscle car investments took the place of real estate
investments. If you purchase & keep a house more than two
years, you don't have to pay capital gains tax on it.
Automobiles should be exactly the same situation. Leave it
to the bleep-ing government to find a way to take more
money out of our pockets.
Now this is going to move into a politically toned topic soon.
Nuch
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Please disregard the tax information contained in the post quoted from above.
Tax info can be difficult enough without including real estate tax considerations into the equation. Let's stick to cars as capital assets, and what the applicable rate would be.
Back on topic, the 28% statement in the first post rings of Partnership Interest accounting which has a 28% rate gain for 'collectibles'. I'll look it up this afternoon, but I believe the 15% rate is the one to use.