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Posted by Paul Thomas, CPA on June 4, 2006, 10:43 pm
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> The U.S. Postal Service has proposed yet another rate increase,
> this one would raise first class postage to 42 cents in May, 2007.
>
> At the same time they also propose issuing a "forever stamp", which
> would also cost 42 cents. This stamp would be valid despite any further
> rate increases. (See article)
>
> Query: When the rate increases above 42 cents to, say 45 cents, does
> the use of a forever stamp constitute a capital gain?
If so, how will the IRS make the tax increase "stick"?
--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net
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