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"Warning! The Law says Taxes!" by Mr. Oxygen (R) - 3/27/18
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"Warning! The Law says Taxes!" by Mr. Oxygen (R) - 3/27/18
by Ssmith Tue Mar 27, 2018 9:11 am
None of this is advice, just my opinion...
Saw this quote and it reminded me that most might be set to get into trouble thinking "there is no personal tax" on like for like currency exchanges.
"How fun is it to visualize that you have a Quadrillion+ dollars safe and secure in a bank that you don't have to pay taxes on? WOW!"
Actually, the law says if you make over a certain amount (>$200) while exchanging, then it IS Taxable. 26 United States Code, Sec 988
A friend of mine understands it and he explained: Any increase over $200 you make on a currency exchange, you pay taxes on the increase at your normal tax rate for that amount of income.
The gurus say one thing. The law says something else. Who are you going to bet on?
HR-1 may have repealed this, I dunno, checking with expert is best.
Using the shining Radiance,
you enter the Light,
where no harm can come to you. - Rumi
Pax Vobiscum
Mr. Oxygen (R) Opinions (C)
Saw this quote and it reminded me that most might be set to get into trouble thinking "there is no personal tax" on like for like currency exchanges.
"How fun is it to visualize that you have a Quadrillion+ dollars safe and secure in a bank that you don't have to pay taxes on? WOW!"
Actually, the law says if you make over a certain amount (>$200) while exchanging, then it IS Taxable. 26 United States Code, Sec 988
A friend of mine understands it and he explained: Any increase over $200 you make on a currency exchange, you pay taxes on the increase at your normal tax rate for that amount of income.
The gurus say one thing. The law says something else. Who are you going to bet on?
HR-1 may have repealed this, I dunno, checking with expert is best.
Using the shining Radiance,
you enter the Light,
where no harm can come to you. - Rumi
Pax Vobiscum
Mr. Oxygen (R) Opinions (C)
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Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: "Warning! The Law says Taxes!" by Mr. Oxygen (R) - 3/27/18
by Ssmith Tue Mar 27, 2018 9:12 am
"There will be No Taxes Period" by (Anonymous)
There is NO TAXES ON A CURRENCY EXCHANGE PERIOD.
IRS is gone. Also accountants, lawyers will have to be re educated to NESARA.
Read the law on your state regarding currency exchanges.
Also those with large amounts are off ledger. Banks can not nor could not take taxes and if due wont be due till 4/25/19: IRS gone with only a flat tax on goods. Don't be fooled by those who don't know.
Dont print. Let me know first but I am sure others will tell you the same.
http://trustsunlimitedllc.com/taxes/
Tax issue.
#1 we are not a business nor a trader
#2 a ruling was put in place months ago by I believe the President that this is a non taxable event for currency and bonds.It was either Obama or Trump.
I can see Trump paying taxes on all his dinar: good luck on that
http://trustsunlimitedllc.com/taxes/
Look at the dates on these so called IRS rulings. Obviously not up to date
There is NO TAXES ON A CURRENCY EXCHANGE PERIOD.
IRS is gone. Also accountants, lawyers will have to be re educated to NESARA.
Read the law on your state regarding currency exchanges.
Also those with large amounts are off ledger. Banks can not nor could not take taxes and if due wont be due till 4/25/19: IRS gone with only a flat tax on goods. Don't be fooled by those who don't know.
Dont print. Let me know first but I am sure others will tell you the same.
http://trustsunlimitedllc.com/taxes/
Tax issue.
#1 we are not a business nor a trader
#2 a ruling was put in place months ago by I believe the President that this is a non taxable event for currency and bonds.It was either Obama or Trump.
I can see Trump paying taxes on all his dinar: good luck on that
http://trustsunlimitedllc.com/taxes/
Look at the dates on these so called IRS rulings. Obviously not up to date
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: "Warning! The Law says Taxes!" by Mr. Oxygen (R) - 3/27/18
by Kevind53 Wed Mar 28, 2018 1:50 am
You will not be exchanging anything for a profit, not dinar, not dong, not rubbles, and certainly not "ZIM" so no worries over the taxes.
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