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» THE MUSINGS OF A MADMAN
Want To Know How You Will Be Taxed? I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

Want To Know How You Will Be Taxed?

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Want To Know How You Will Be Taxed? Empty Want To Know How You Will Be Taxed?

Post by justpassntime Sat Jan 14, 2012 5:14 pm

This IRS Pub 525 pg 33 clearly states how you will be taxed on your dinar...that is if it does not change for the 2012 tax year...which I doubt that it will....check the screen shot of the pdf page from the irs.gov site. Top middle of page is where you want to look.

Also see http://dinardaily.forumotion.com/t6426-best-tax-strategy to figure about where you would be in the capital gains battle. If you don't see it in print it probably isn't true as far as taxes are concerned anyway.

Want To Know How You Will Be Taxed? 2r3e3o0


Last edited by justpassntime on Sat Jan 14, 2012 5:18 pm; edited 1 time in total

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Post by Catherine Sat Jan 14, 2012 5:17 pm

LONG TIME NO SEE!!!!!!!!!!!!!!!!!

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COME ON...
RV ALREADY!

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Post by justpassntime Sat Jan 14, 2012 5:21 pm

Well you know there is lots of #$%& to spread can't just stay in one place LOL

*****************
Anything worth having is worth waiting for. Wink
If you can't laugh at yourself, you probably see no humor in anything. 🤡
Things you should never talk about on OOM, they will surely start an argument, religion, politics and the rv. Rolling Eyes

Currency Revaluation Awareness Propaganda Analyst :study:

Want To Know How You Will Be Taxed? Flag-212Want To Know How You Will Be Taxed? Screen53
Army---Navy----Air Force-----Marines---Coast Guard
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Post by Guest Sat Jan 14, 2012 5:22 pm

The publication is misleading as the law states theer will be an election of capital gains or ordinary income election under the bush tax cuts, which end Dec. 31st, 2012. So, if you are tax under 15% you are going to want to claim the cash in under ordinary income if you are taxed above 15% then you are going to want to claim capital gains. Unless, you have only been in the investment under a year, then there will be a 35% capital gains then you may want to claim on ordinary income. AJ

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Post by bobd Sat Jan 14, 2012 6:39 pm

THANKS FOR THE INFO. PROFESSIONAL ADVISE WILL BE WORTH THE COST. THANKS AGAIN GUYS

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Post by Bikertrash Sat Jan 14, 2012 7:31 pm

"
The publication is misleading as the law states theer will be an election of capital gains or ordinary income election under the bush tax cuts, which end Dec. 31st, 2012. So, if you are tax under 15% you are going to want to claim the cash in under ordinary income if you are taxed above 15% then you are going to want to claim capital gains. Unless, you have only been in the investment under a year, then there will be a 35% capital gains then you may want to claim on ordinary income. AJ"

I disagree, the IRS is not going to allow one person to use Capital Gains and another to us ordinary income. It will be one or the other and it will be the IRS's decision not ours.

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Post by revenuerog Sat Jan 14, 2012 7:31 pm

HEY justpassntime !!!! Where in the heck have ya been.....nice to see ya !! party time

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Post by Dinar4silver Sat Jan 14, 2012 7:58 pm

justpassntime,

Your back and at it all ready!

The one clear thing about the tax issue, is that there is no clear thing at all!

I would think that there has to be one standard, but everyone and there brother has a different view.

Great to see you back!
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Post by DevaronDLH Sat Jan 14, 2012 8:15 pm

I wish the American people were NOT so eager to give away their money especially when they don't even, really, know how much to give, or when or to whom...
If the IRS wants to dollect taxes from you they will notify you and tell in in so many words what form to use, when to file and how much (percentage wise) to pay them.
Until that time, keep your money in your wallet...
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Post by Dinar4silver Sat Jan 14, 2012 8:22 pm

A word to the wise US taxpayer.

Don't play games with the IRS. You are not playing the same game as equals.

Most important:

DO NOT GET YOUR TAX ADVISE FROM THIS OR ANY OTHER DINAR WEBSITE.

THERE WILL BE PEOPLE FROM ALL THE DINAR SITES, THAT WILL TRY TO TEST THE IRS AND THEY WILL LOSE THE BATTLE AND WAR.

I HAVE HEARD MANY DIFFERENCES OF OPINION CONCERNING THE ISSUE OF THE TAXES TO BE PAID FOR THE DINAR.

REGARDLESS OF PEOPLES DIFFERENT OPINIONS, NO ONE GET'S HURT.

GET INTO A BATTLE WITH THE IRS AND SOMEONE WILL GET HURT!

I LOOK GOOD IN BLUE PIN STRIPES BUT ALOT OF STATES ARE USING ORANGE JUMPSUITS. I LOOK BAD IN ORANGE. HOW ABOUT YOU?
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Post by 1alaskan Sat Jan 14, 2012 10:18 pm

JPT,

Good to hear from you.

I need to send you a pm.

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Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty

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