Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» AMERICA’S COLOR REVOLUTION — Brought To You By The U.S. Intelligence Community & Coming To A City Near You
Thoughts about taxes I_icon_minitimeMon Jun 17, 2024 5:58 am by kenlej

» Go Russia
Thoughts about taxes I_icon_minitimeMon Jun 17, 2024 5:49 am by kenlej

» I am too pretty for math, but....
Thoughts about taxes I_icon_minitimeWed Jun 12, 2024 6:56 pm by Mission1st

» Interesting article
Thoughts about taxes I_icon_minitimeWed Jun 12, 2024 6:34 pm by Mission1st

» Phony Tony: New Platform, same old song and dance
Thoughts about taxes I_icon_minitimeWed Jun 12, 2024 6:32 pm by Mission1st

» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
Thoughts about taxes I_icon_minitimeTue Jun 11, 2024 12:26 pm by Mission1st

» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
Thoughts about taxes I_icon_minitimeMon Jun 10, 2024 1:04 pm by RamblerNash

» The Fundamentals of Finance and Pimpy Live
Thoughts about taxes I_icon_minitimeFri Jun 07, 2024 5:02 pm by Dorotnas

» Carnival Rides
Thoughts about taxes I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

» Go Russia
Thoughts about taxes I_icon_minitimeSun May 05, 2024 10:51 am by kenlej

» Textbook Tony
Thoughts about taxes I_icon_minitimeMon Apr 29, 2024 4:13 pm by Mission1st

» The Rockefellers and the controllers are freaking out right about now
Thoughts about taxes I_icon_minitimeFri Apr 26, 2024 11:16 am by kenlej

» Phony Tony sez: Full Steam Ahead!
Thoughts about taxes I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Thoughts about taxes I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
Thoughts about taxes I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Thoughts about taxes I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
Thoughts about taxes I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
Thoughts about taxes I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
Thoughts about taxes I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
Thoughts about taxes I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

Thoughts about taxes

+2
Terbo56
Garf1eld
6 posters

Go down

Thoughts about taxes Empty Thoughts about taxes

Post by Garf1eld Thu Jun 21, 2012 6:02 pm

This is a great country - going through some tough times. I am proud to pay taxes on the RV. If you bought the investment over a year ago, then the normal rate of capital gains is 15% at the federal level. If you have some that is less than a year old, you would expect to pay whatever your personal tax rate would be at the time.

Same things apply to state taxes.

If you don't want to pay taxes, you'd better take a small loss now and resell your Dinar to a dealer.

Taxes pay for this country - why wouldn't you want to pay them?

Garf1eld

Garf1eld
New Member
New Member

Posts : 2
Join date : 2011-10-08

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Thu Jun 21, 2012 6:08 pm

Yeah- They're only gonna waste it- No big deal-:shock:
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by 1alaskan Thu Jun 21, 2012 6:09 pm

As the man who ran for office in New York put it so well "The Rent is Too Dam High"

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


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

Remember as always, JMHO
Rantings from just north of sixty

1alaskan
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Thu Jun 21, 2012 6:13 pm

I got some rope-Laughing
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Kevind53 Thu Jun 21, 2012 8:18 pm

The rates give may, or may not be accurate. They are correct for long term and short term capital gains, but the jury is still out relative to whether this would be considered a capital gains event. Always, always, always consult a competent CPA or tax lawyer.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Thoughts about taxes 2805820865  Thoughts about taxes 2805820865  Thoughts about taxes 2805820865  Thoughts about taxes 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Thu Jun 21, 2012 8:41 pm

Kevind53-I can't see where it would be considered a capital gains event- It is only a currency 'exchange',ie, one for another,and as of this point, there is no tax involved yet, not to say that they wouldn't try to run us through the mill-affraid
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by 1alaskan Thu Jun 21, 2012 8:47 pm

IRS PUB 525 page 33

 

Foreign currency transactions.

If you have a gain on a personal foreign currency transaction because of changes in exchange rates you do not have to include that gain income unless it is more than $200
. If the gain is more than $200, report it as a capital gain.

 

 

 

http://www.irs.gov/taxtopics/tc409.html
Topic 409 - Capital Gains and Losses



The term "net capital gain" means the amount by which your net long-term capital gain for the year is more than the sum of your net short-term capital loss and any long-term capital loss carried over from the previous year. Generally, net capital gain is taxed at rates no higher than 15%. However, for the years 2008 through 2012, some or all net capital gain may be taxed at 0%, if it would otherwise be taxed at lower rates.


Last edited by 1alaskan on Thu Jun 21, 2012 8:48 pm; edited 1 time in total (Reason for editing : cleaned it up)

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


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

Remember as always, JMHO
Rantings from just north of sixty

1alaskan
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Kevind53 Thu Jun 21, 2012 8:55 pm

That is a valid point, there are also arguments that it could be considered regular income. I hope that is not the case, however since neither you nor I are tax attorneys, we'll see what happens.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Thoughts about taxes 2805820865  Thoughts about taxes 2805820865  Thoughts about taxes 2805820865  Thoughts about taxes 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Thu Jun 21, 2012 8:56 pm

'0' percent means non tax, then, right?:?:
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Thoughts about taxes Empty Where Our Tax Money Goes!

Post by pliving Fri Jun 22, 2012 1:32 pm

TO UNDERSTAND BETTER WHERE OUR TAXES REALLY GO, WATCH THIS
FREE MOVIE THAT EXPLAINS IT ALL!

www.thrivemovement.com

pliving
New Member
New Member

Posts : 2
Join date : 2012-06-11

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Fri Jun 22, 2012 7:35 pm

It goes to the 'Cabal' that's where it goes, but that is going to 'cease' very shortly-Twisted Evil Mad
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Catherine Fri Jun 22, 2012 7:49 pm

Why did I always think we would "possibly" be taxed at either 15% or 35%?!?! :shock:

*****************
COME ON...
RV ALREADY!

Thoughts about taxes Smiley-happy093Thoughts about taxes 7_11_117Thoughts about taxes Smiley-happy093
Catherine
Catherine
Elite Member
Elite Member

Posts : 2505
Join date : 2011-07-20
Age : 62
Location : USA

Back to top Go down

Thoughts about taxes Empty Re: Thoughts about taxes

Post by Terbo56 Fri Jun 22, 2012 8:01 pm

Catherine- Too many speculations about the 'tax' thing- I'm not even gonna go there-affraid
Terbo56
Terbo56
VIP Member
VIP Member

Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum