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Inbedded HorseHead

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Posts posted by Inbedded HorseHead

  5. Sunday Night Opinions @ 11:32 PM CDT - 12/18/2023

    in Dinar Rumors

    Posted

    Not according to chat GPT:

    As of my last knowledge update in January 2022, the United States does not have a specific tax rate for long-term hard currency profits. Instead, the taxation of capital gains, including those from currency trading, is generally subject to the capital gains tax rates.

    For individuals, the capital gains tax rates can vary depending on your income and the holding period of the asset. As of 2022, the long-term capital gains tax rates are 0%, 15%, or 20%, with the rate you pay depending on your overall income. Short-term capital gains, which result from the sale of assets held for one year or less, are generally taxed at ordinary income tax rates.

    • Upvote 1

  6. Either Put Up Or Shut Up.

    in Dinar Rumors

    Posted

    The fact “Montana”is silent and not producing any new Intel tells you either a) he’s a fraud and a scammer and has made all the coin he needs to make off this site or b) he’s not a fraud and knows there is nothing imminent regarding the Dinar or no news to make it so……I’m hoping for b)

    • Pow! 2

  13. Thursday Late Night Opinions - 11:45 PM MDT - 5/04/2023

    in Dinar Rumors

    Posted

    Chat gpt confirms it, lol….

    The tax rate on foreign currency gains in the United States depends on several factors, such as the length of time the currency was held and the taxpayer's tax bracket.

    If the currency was held for more than a year, it would be considered a long-term capital gain, and the tax rate would range from 0% to 20%, depending on the taxpayer's taxable income. If the currency was held for less than a year, it would be considered a short-term capital gain, and the tax rate would be the taxpayer's ordinary income tax rate, which ranges from 10% to 37%.

    It's worth noting that the tax treatment of foreign currency gains can be complex, and you should consult with a tax professional to ensure you are correctly reporting your gains and paying the appropriate taxes.

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