denzoid

OK FINE.....CAN YOU TELL ME HOW YOU CALCULATE YOUR TAXES

Currency trading has a entirely different tax..Look up CFR U.S. Title 26, 7701(A))26) It is not short term Capital Gains. Subject: A MUST READ! @ Taxes You all may want to save this article when the Dinar "RI's" PROOF your IQD Trade is NOT taxable -------------------------------------------------------------------------------- There is a persistent insistence on this forum about the eventual exchange of IQD for large amounts of FRNs as being a taxable activity. Let's look at what the IRS and Congress have to say about it. First, you must know that there is one thing and one thing only that is taxed under Subtitle A of the Internal Revenue Code, and that is any "gains, profits, or income" derived from ANY source in the course of public office in the "United States." Put another way -- the ONLY activity taxed under Subtitle A is "gains, profits or income" in the course of a "trade or business." There is NOTHING else under Subtitle A that is taxed. Sure, remuneration for labor or capital gain is taxed, but you have to remember to keep the language in its proper context. These things are taxed ONLY in the course of a "trade or business." NOTHING ELSE! Period! (Dissenters welcome -- provide proof) 26 USC 7701(a)(26) defines "trade or business" as follows: Quote: The term "trade or business" includes the performance of the functions of a public office. "Includes?" Everyone knows what that means....or....maybe not. 26 USC 7701© defines the term "includes" as follows: Quote: The terms “includes” and “including” when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined. Geee! Is there anyone out there in dinar land that is wondering why Congress would create such a confusing and convoluted definition that must be followed exclusive to the standard canons of statutory construction? There is a standard treatment in law of the term "include," but we have here IRS legal terms of art .... "includes" and "including." Is anyone suspicious as to why? Come on!! Wake up!!! So we see, the term "includes" is a term of enlargement. But that enlargement ONLY extends to other things within the meaning of "public office" so defined. In essence, the term "trade or business" ONLY includes the excise taxable ACTIVITY of public office in the "United States" and related "positions" and "employments." The measure of activity is in-turn taxed by the "gains, profits, and income" affiliated with THAT activity. Since anyone engaged in such "United States" activity is taxed on their $$$ earned in the course of that activity -- it is easily misunderstood that anyone earning $$$ must therefore also be subject to the tax. READ THAT LAST PART AGAIN, IT SHOULD ESCAPE NO ONE. Do you think your misunderstanding of this is an unfortunate "accident?" (The term "United States" in this instance refers to the Federal Government. But that is a topic for another thread.) Now, let's examine exactly what the Internal Revenue Code says about information returns obtained at "source," as in "whatever source derived." I'll hi-lite the narrowly defined legal terms so you know what it is really saying. 26 USC 6041 states: Quote: (a) Payments of $600 or more All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042 (a)(1), 6044 (a)(1), 6047 (e), 6049 (a), or 6050N (a) applies, and other than payments with respect to which a statement is required under the authority of section 6042 (a)(2), 6044 (a)(2), or 6045), of $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment. Most of this language is a holdover from the original Revenue Act of 1862, including the reporting threshold of $600, which for any of you who have a basic knowledge of tax history will immediately recognize. Now this is the ONLY provision in Subtitle A which dictates when and why information returns, such as 1099s are to be issued. Are there any challengers to this out there in dinar land? Please provide the legal language if you disagree. Now, this language is very clear as to what is reportable, and what is not. I keep reading posts from ill-informed, "patriotic" Americans on this forum who think it their duty to provide the IMF with a percentage of their God-given bounty (provided that IQD RV bounty occureth – don’t hold your breath). Since when? Do you all understand the provisions and limitations on Direct Taxes and capitations are still in force in our Constitution? Do you realize the Federal Income Tax is an Indirect Tax levied on "gains, profits, and incomes" derived from the EXCISE TAXABLE ACTIVITY of making money in association with the "United States" (government)? This would also include bringing the government into the mix by VOLUNTARILY submitting a W-4 [see 26 USC 3402(p)(3)] Do you realize that if you are not in a "public office" or other related "position" or "employment" with the "United States" that such a tax against your IQD would be an un-apportioned direct tax and capitation? Do you realize that they have camouflaged the legal terms associated with this excise taxable ACTIVITY to appear as broadly understood words that people understand as part of their every day lexicon? ALL of the items that are taxed under the Federal Income Tax, whether it be from labor, capital investment, rents, etc, etc ...... are ONLY taxed on the "officers" of the "United States," and of course those who SWEAR under penalty of perjury on their tax returns that they are.....regardless if they naively do so or not! If, for example, the trade of stocks, or other financial instruments are taxable in a broad way such as many on this forum believe, then they would be taxable for all people. Remember, in an earlier post where I mentioned that Citizens of any of the 50 Union states are "foreign" and thus "alien" to the Federal Legal venue. If they also do not "reside" in Federal Territory, they are legally categorized as "nonresident." Thus, an American domiciled and living (there is a difference) in a Union state is a "nonresident alien." Let's look at what Publication 519, "Tax Guide for Aliens" says about such financial investments (pg 18): Now this is only provided to show you that there ARE instances when these things are NOT taxable. For those of you who are ill-informed about these things, I provide you these insights as a means to "wake you up," and implore you to do your own due diligence. I encourage healthy skepticism and debate. No mindless, sheep banter. Turn off the TV and think for yourselves. You have been lied to by the establishment, and your brainwashing is nearly complete. The truth will not contradict itself. I have provided you plain, black and white evidence with explanation. You are benefiting from years of qualified and expert legal background. But again, maybe I'm a hack who has no idea what I'm talking about. You can't believe anything from anyone, much less an internet forum. So think for yourselves. But I speak the truth. He who has eyes to see let him see. He who has ears to hear let him hear. Quote: When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic. Donald James (1931-2008) Intelligent discussion please! Gary Newman The STRIPPER www.thestripper.us

will vietnam wait indefinately on iraq to rv or does anyone have an educated opinion on when vietnam will do their rv?

was wondering if there are any educated opinions on whether viet nam will wait for iraqi to form its government before they themselves do their rv?

adam you made this statement "Not only for Dinar, but also for discussion of anything wealth management, tax information, and more" ...so if this is true i am wondering why when i posted a link to a recording of a conference call regarding "trusts" in the u.s.a. as an alternative for people who dont want to go offshore....that this thread was quickly deleted....do you have something against alternative suggestions to your offshore offering?

I just figured out that breakfast at Ihop for me and my daughter cost $75,000 this morning. I was thinking in terms of dinar. the meal cost 25 u.s dollars with the tip. 25 u.s. dollars would be 25,000 dinar at this moment but after an rv of 3 dollars per dinar that would make it 75,000 u.s dollars. I then went and bought 25 dollars worth of gas for my suv and then went and bought 25 dollars worth of groceries. so in some symbolic fashion I had just spent 225,000 dollars this morning. I know this is some sort of upside down logic...but it was just a weird thought that ran through my mind

All this talk about "dropping three zeros" ...yes i am stupid and dont know what that means...i heard someone say hey rich iraqis are not going to be poor and poor iraqis are not going to be rich. i have heard people say hey lopping three zeros is not a lop....that this is just a redenomination...you know to me a redenomination would be that you take your 25000 dinar note to the bank and the bank gives you 25000 dinares in small bills...i do not understand what these recent news articles in iraq are talking about and how can they be smoke and mirrors...smoke and mirrors will not accomplis anything

Just tell me this did k98nights who originally posted this just get out of brain surgery or is that a head band he's wearing? (see picture

Good one mrref....lol ...hey if it had been 99% ,,,we could have really strutted out stuff and missed it by a pimple ABABA YOURS WAS EVEN MORE FUNNY LOL ONLY ONE THING WRONG WITH YOUR PREDICTION IS IT SHOULD READ And the 5% chance of it not happening is bout...ohhhh 99.999%

Reachinghigher where did this wonderful news come from...do you have a link...that would mean we could never cash in because we all have 25000 notes..all over 15000 if they did that i think it would be time for a revolution...but how could they do that to us then they would not be able to rape us with the taxes...however i wouldnt put anything past the obama regime. I am just waiting and hoping either iraq or our government doesent screw this up for us.

well you florida123 should be given some kind of award for most negative post of the year. even though what was posted here is what i would call the flip side of iqd coin, it isnt worth wasting your breath to give all the examples to prove that whoever wrote this will be kicking himself in the *** for a lifetime when this rvs and makes millionaires...i would like to be their to see the expression on his face when this rvs and this guy says to himself ...yea ive been told it is better to be a blind eyed optimist than a doomsday profit...why didnt I listen...he will not get a second chance at something like this that truly occurs once in lifetime

Lop schmop