yota691 Posted August 17, 2014 Report Share Posted August 17, 2014 Man Struggling to Pay Bills In Shock As a Family Heirloom’s Auction Price Changes His Life Forever By George Morgan 1 hour ago L.T., or Big L.T. as some call him, was put on disability after suffering terrible foot injuries from a car crash. Since then, he has struggled to make ends meet. One day while watching television, he saw an episode of Antiques Roadshow in which a Navajo First Phase Weaving Blanket was featured. His family had kept a similar one that had been passed down through generations. Seeing the value of the blanket on TV, L.T. decided he would see if his family’s blanket could fetch similar results. Once verified that it was in fact an authentic Navajo weaving blanket, L.T. took it to auction. Appraisers stated their expectations for the blanket’s market value which were quickly blown out of the water. Watch this man’s life change forever in one minute… First Phase Chief's Blanket sets record at John Moran Auctioneers 8 Link to comment Share on other sites More sharing options...
genx4me Posted August 17, 2014 Report Share Posted August 17, 2014 Awesome! Just about made me cry! Love happy stories!! 1 Link to comment Share on other sites More sharing options...
nannab Posted August 17, 2014 Report Share Posted August 17, 2014 Fantastuc!!! I couldn't be happier for this family. I'm crying for him. sorry if spelling is off the tears are falling like water for them. 1 Link to comment Share on other sites More sharing options...
Nelg Posted August 17, 2014 Report Share Posted August 17, 2014 Now what will WE do if the RV comes in at just 1to $1?!!! It will change my life for sure! 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted August 17, 2014 Report Share Posted August 17, 2014 $1 to 1 Dinar.....yea my families and life would instantly be changed....I can not describe how happy we would be Link to comment Share on other sites More sharing options...
Thaiexpat Posted August 18, 2014 Report Share Posted August 18, 2014 Great post and wonderful story. Thanks for this post. Dunno, just saying.....Cheers Link to comment Share on other sites More sharing options...
ronscarpa Posted August 18, 2014 Report Share Posted August 18, 2014 What a wonderful and heart warming story.... (+1) 1 Link to comment Share on other sites More sharing options...
billbill Posted August 18, 2014 Report Share Posted August 18, 2014 Link to comment Share on other sites More sharing options...
BIGSKY1 Posted August 18, 2014 Report Share Posted August 18, 2014 GREAT Story!!! I hope all the wonderful people here on DV a similar ending to the dinar story!!!! Link to comment Share on other sites More sharing options...
Goldiegirl Posted August 18, 2014 Report Share Posted August 18, 2014 I wonder what I can get for my Turkish rug in the basement. Link to comment Share on other sites More sharing options...
Adam Montana Posted August 18, 2014 Report Share Posted August 18, 2014 I had a couple tears well up as well. That was touching! 1 Link to comment Share on other sites More sharing options...
dogsutra Posted August 18, 2014 Report Share Posted August 18, 2014 and with the sale of personal property the profit is taxable at the rate of at least 30 % Link to comment Share on other sites More sharing options...
Goldiegirl Posted August 18, 2014 Report Share Posted August 18, 2014 and with the sale of personal property the profit is taxable at the rate of at least 30 % Not in Canada... Link to comment Share on other sites More sharing options...
Adam Montana Posted August 18, 2014 Report Share Posted August 18, 2014 and with the sale of personal property the profit is taxable at the rate of at least 30 % Yep - this deal will be taxed as normal income tax. Depending on where he lives, a profit of over a million will likely be taxed over 40%. But like Obama said... he didn't build that blanket. Not in Canada... How do you determine the tax rate on this deal if this event transpired in Canada with a Canadian citizen? Link to comment Share on other sites More sharing options...
Saint Posted August 18, 2014 Report Share Posted August 18, 2014 GG Turkish rug worth 10 Dinar but I'll give you 100 Dinar if you mail it to me. On another note I love happy endings. 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted August 19, 2014 Report Share Posted August 19, 2014 Yota, Oh my Gosh, I love stories like this. God has a plan and Adam I don't think it was for us to pay tax, but if we have to it should be fair. JMO 2 Link to comment Share on other sites More sharing options...
gymrat76541 Posted August 19, 2014 Report Share Posted August 19, 2014 2 things are certain - death & taxes! Link to comment Share on other sites More sharing options...
Goldiegirl Posted August 19, 2014 Report Share Posted August 19, 2014 How do you determine the tax rate on this deal if this event transpired in Canada with a Canadian citizen? One of two ways. 1. Either capital gains (taxed on only 50% of his 1.5 million). He'd be taxed on $750K in that case. 2. Or like Lotteries where he would pay nothing. We don't pay tax on any lottery winners no matter how many millions you win. People win 20 million they pay no tax. If I were to guess, I'd say #1. Much like owning a second home and selling it. Capital gains tax. The same tax we will pay on the dinar revalue if it ever comes to make anything. Move to Alberta and pay the lowest taxes in Canada at 19.5% on capital gains. Saint, I think I will hold out for a better offer. Besides, I like it. Happy for this man. He seems like a really nice person who really deserved something good to happen in his life. Link to comment Share on other sites More sharing options...
littlesam Posted August 19, 2014 Report Share Posted August 19, 2014 What a fantastic thing to happen for someone. Never know what old treasures you have. Link to comment Share on other sites More sharing options...
yota691 Posted August 22, 2014 Author Report Share Posted August 22, 2014 Bump it up for it seems dog53 back in the house.....Woof Woof... Link to comment Share on other sites More sharing options...
detroitjazzman Posted August 23, 2014 Report Share Posted August 23, 2014 I find it comforting that someone so deserving is blessed beyond expectations! 2 Link to comment Share on other sites More sharing options...
Recommended Posts