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Tropics
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Posts posted by Tropics
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Whatever happened to the days when a country kept the country they invaded? I know that is never going to happen nowadays but why are we negotiating anything? We came in with troops, took the place over until we were ready to leave. If we weren't ready to leave, who exactly was going to make us leave? For all the money we spent and the lives we lost, we should have stayed until the government was up and running efficiently before our departure. if they wanted us out, the conditions should have been the HCL is finished, you have met the conditions of Chapter 7 and you have restored your currency to where it was before we came. Those are incentives for Maliki to quit trying to be a dictator if he ever wanted US troops gone.
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Why bother even posting this crap.
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So now that Shabibi is being removed, all of a sudden BL is saying he wanted to lop??
But BL, you said for so long that removing the zeros is the RV we wanted and Shabs was the master behind this plan......
Why the change of heart now? LOL
Is there a reason you ALWAYS have to rain on the parade? Every comment is positive except yours.
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Why are these insults tolerated on this site?
Not only are they tolerated katie, but his negatives were reset from 400 to 0 instead of booting him.
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It is really pathetic that we have lawmakers that believe the word illegal means a free pass as long as it ensures them votes. I am not against immigration, just illegal immigration and I just do not fathom why our appointed lawmakers believe it is okay to overlook what is right. Whatever happened to them representing the good of the people?
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My question is what do people consider rich? One Million? Five Million? Or more?
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Close to Maliki: a meeting between Maliki and Najafi tomorrow will determine the names of the security ministries
Saturday, August 25 / August 2012 18:44
{Baghdad: Euphrates News} MP for the coalition of state law were part of the National Alliance, Ibrahim al-Rikabi, said the meeting, which will be held tomorrow between Prime Minister Nuri al-Maliki and parliament speaker Osama Nujaifi would be to determine the names of the security ministries interior and defense {}.
The decision revealed the Iraqi Council of Representatives Mohammed Khalidi today that a meeting will bring together Prime Minister Nuri al-Maliki and parliament speaker Osama Nujaifi on Sunday to discuss the reform paper and some outstanding issues.
Rikabi, told {Euphrates News} today that "the upcoming meeting tomorrow between Maliki and Najafi will discuss a range of issues, including the political crisis and what to prepare for a national meeting prospective and discuss the initiative and paper political reforms adopted by the National Alliance recently in order to resolve the current crisis," revealing At the same time that "the meeting also will determine naming the security ministries interior and defense {}".
He added that the "crisis of naming the security ministries and problems between the affected parties and the time has come to resolve all these problems and unification of intent between the politicians in order to foil all schemes adopted by regional countries to destroy the country."
Still security ministries vacant, despite the passage of more than a year on the formation of the current government because of differences between the political blocs on the names of candidates to fill those positions, and managed those ministries currently acting as runs Prime Minister Nuri al-Maliki and the Interior Ministry, while managed Defense Ministry by the Minister of Culture Saadoun al-Dulaimi .
It is said that the existing political crisis in the country took a serious aspects to such altercations and wicking muscle and pursue a policy of arm-twisting between the blocs and political figures, most recently claims to withdraw confidence from the government and repeated interrogations pressures that caused great damage without d. Ended 2
I swear this is a familiar scenario. Oh yeah now I remember. They are lying again.
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Here is one of the biggest reasons I don't think it will lop and yes I know it is a simplistic answer. This is just an example so don't bash me for my example. Let's say Maliki has millions of dollars tucked away somewhere. He will be out of office in 2014. If the dinar lops he makes no money. If the dinar does what we want it to do, he is super rich. Which one do you think he would choose? All those crooked politicians might want the money in case they need to get the heck out of dodge.
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Mitt Romney Tax Returns May Have Employed Legally Dubious Maneuvers, Tax Experts Say
WASHINGTON -- Tax experts who have begun to examine the Bain Capital documents released Thursday by Gawker are raising questions as to whether presumptive GOP presidential nominee Mitt Romney has paid all the taxes he owed.
At issue are two tax-avoidance techniques employed by Bain Capital, the firm founded by Romney, which have been commonly used in the private equity world but have come under increasing legal scrutiny.
The first scheme involves owning U.S. dividend-paying stocks in an offshore account and pretending, for accounting purposes, not to own the stock. Instead, the taxpayer tells the Internal Revenue Service that he owns a derivative product that is identical in every way to the stock -- except it isn't the stock, so therefore no U.S. taxes are owed. It's called a "total return equity swap," because the buyer still gets the benefit -- the "total return" -- of owning the stock, or equity.
"This use of total return equity swaps, such as to avoid the U.S. dividend withholding tax, was very widespread for more than a decade, and may not be dead yet, although the IRS issued a shot-across-the-bow Notice concerning the practice in 2010," writes Daniel Shaviro, the Wayne Perry Professor of Taxation at New York University School of Law. "But taxpayers who engaged in it to avoid the dividend withholding tax were coming perilously close to committing tax fraud, in cases where the economic equivalence to direct ownership was too great."
The second technique is "not legal," according to Victor Fleischer, a tax expert and professor of law at the University of Colorado. A taxpayer saves substantial amounts of money by pretending that regular income received as a management fee for running a private equity firm is not income, but is instead a capital gain. That drops the tax rate on that income from 35 percent to 15 percent.
Citing the Gawker documents, Fleischer notes that Bain engaged in the management-fee maneuver to reduce the tax bill of its investors. "Unlike carried interest, which is unseemly but perfectly legal, Bain’s management fee conversions are not legal. If challenged in court, Bain would lose. The Bain partners, in my opinion, misreported their income if they reported these converted fees as capital gain instead of ordinary income," he writes.
Shaviro, meanwhile, notes that Bain employed a version of the total return equity swap and says that taxpayers who engage in the practice have little legal justification for doing so. "[T]he only leg that taxpayers had to stand on in some of these cases was common practice and the apparent lack of IRS enforcement (not a very strong leg if the correct application of the law was clear)," he writes. "How far out on the limb were Bain-affiliated foreign entities that were making money through total return equity swaps, and claiming not to owe U.S. withholding tax? And what should we make of this, for purposes of the presidential campaign, if what they were doing, while legally dubious, was common practice?"
"The unauthorized disclosure of a number of confidential fund financial statements is unfortunate," said Charlyn Lusk, a spokeswoman for Bain Capital. "Our fund financials are routinely prepared by auditors and demonstrate a commitment to transparency with our investors and regulators, and compliance with all laws."
Michele Davis, a spokeswoman for the Romney campaign, said that Romney is not responsible for whatever tax strategy employed. "As we have said many times before, Governor and Mrs. Romney's assets are managed on a blind basis. They do not control the investment of these assets, the investment decisions are made by a trustee," he said.
But if Bain used improper tax-avoidance techniques, the Romneys would be required to amend their returns regardless of the blind nature of the investments.
Private equity managers already get the vast majority of their income from capital gains, which are taxed a lower rate, but also take a fee -- typically 2 percent -- off the top. That management fee is income. But some private equity managers have claimed to "waive" that fee in exchange for future capital gains.
"In exchange for a minimal amount of economic risk, the tax benefit is enormous: the compensation is transformed from ordinary income (taxed at 35%) into capital gain (taxed at 15%). Because the management fees for a large private equity fund can be ten or twenty million per year, the tax dodge can literally save millions in taxes every year," writes Fleischer. "The problem is that it is not legal."
The IRS says the fee cannot be waived in exchange for capital gains if the income "relates to a substantially certain and predictable stream of income from partnership assets." In other words, Bain investors would need to convince a judge that their revenue stream was risky and not "substantially certain and predictable."
Fleischer says he doesn't think the tactic would hold up in court. "Because the deals vary in their aggressiveness, there is some disagreement among practitioners about when it works and when it doesn’t," he writes. "But in my opinion, and the opinion of many tax practitioners, the practices that were common in the private equity industry in the 2000s became very, very questionable, and it’s unlikely that they would have stood up in court."
But did Romney himself benefit from these maneuvers? And is Romney responsible for the legally dubious tax avoidance strategies Bain employed? Yes, Fleischer concludes:
UPDATE: 12:30 p.m. -- Rep. Sandy Levin of Michigan, the top Democrat on the tax-writing House Ways and Means Committee, questioned the fee conversion strategy in a statement.
“[R]eports today indicating that Bain managers converted even their regular management fees into additional carried interest income that is taxed at capital gains rates is a particularly egregious example of how wealthy fund managers are able to avoid paying the same tax rates on their compensation as other Americans," he said. "This is a stark reminder of why Congress needs to act to close this loophole."
So what? The key word there being legal. We will be doing those same loopholes to get out of paying more taxes when the RV hits.
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I was kidding
sonny you are now responsible for many heart attacks. lol
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I guess this is another time where you will get attacked cause you wanna call out a member cause they make a statement that you don't like.....wahhhhhh wahhhh baby boy....you should get out cause you are who you are....and thats someone who is scarred by the gurus and tired of being wrong from your days of calling for an RV.....
Adam said it best yesterday......if you think people are loosers cause they believe what you can't then you are twice the looser.....
again you should get out just cause you are you and for no other reason.....your job of keeping everyone grounded.....whatever that means is over. Get lost already or stay on topic instead of trying to pick a fight everyday
What I would like to know is how Keep went from negative 390 the other day to plus three today. Instead of booting him like they should have, one of the admins had to have reset his count.
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http://www.jpost.com/Headlines/Article.aspx?id=278298&R=R101
More than half Iran parliament backs Hormuz closure bill
By REUTERS 07/20/2012 17:31 DUBAI - Just over half of Iran's parliament has backed a draft law to block the Strait of Hormuz, a lawmaker said on Friday, threatening to close the Gulf to oil tankers in retaliation against European sanctions on Iranian crude.
The assembly has little say in defense and foreign policy, where Supreme Leader Ayatollah Ali Khamenei has the last word, but the law would lend political support to any decision to close the strait - a threat that Iran's foreign minister recently played down.
Lawmaker Javad Karimi Qodoosi said 150 of parliament's 290 members had signed the bill, describing the strait as "the world's lock" to which Iran holds the key.
"If the sanctions continue, the countries that have imposed sanctions have no right to cross the Strait of Hormuz without harm," the Iranian Students' News Agency quoted Qodoosi as saying.
I bet our aircraft carriers can pick the lock.
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LMAO well ive been there plenty of times to know but as you know Modesto is NOt that much better. I think Turlock, oakdale, escalon or Ripon is where im moving to after this pops
So in your favorable dream you are rich and you choose to live in turlock? You might want to dream a bit bigger easy.
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i live about 20-30 minutes away from stockton and let me tell you it sucks!!! its very bad with gangs and just a complete craphole to live. Does this surprise me? NO. Very sad though. Here in Modesto 5 bedroom homes in gated communities are going for like 189k-and up its insane the time to buy is NOW thats why i want this dang RV to happen sooner than later LOL.
I wish I could say i live 20-30 minutes away but unfortunately I do live in Stockton. I call it the pit of despair.
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Houses that were selling for 300k a few years ago are now 80k. That will mess with the tax base.
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Damn tornadoes or I might move there myself.
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What happens if he refuses to show up? Anyone know?
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I don't disagree with you often Adam but your statement about keep is off base. His comments are always negative and usually an attack on someone else like they are stupid. I thought the whole point of resetting the reputation was to get rid of those causing trouble. He is almost at negative 300. Read the comments he made to SWFloridaGuy(no lop) under dinar rumors and you will see what I mean. A different opinion is fine, but you don't have to constantly deride someone because you think you know everything.
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First, let me say i respect your opinion.
Do you believe the cbi is pre-announcing to the world a 1000,000% increase in the value of the dinar? Central banks do not do this. the cbi has used several critical, key analogies when describing this event. The value doesnt change, two currencies in the market, 1000 old =1 new, replacing the current currency. all those are exact descriptions of a rd/lop.
why would the cbi let you buy 5,000 dinars for 5 bucks, announce a rv 6 months out, so they can pay you $5000 for the $5 dollars you paid for it?? Do you understand the unlimited liability and complete destruction of any such plan, by issuing this 6 month notice to the world. common sense will lead people to the understanding.
why we think a lop will or wont happen is irrelevent. it doesnt matter why, the cbi has been given a media blitz for a long time on this rd process. this article clearly says a lop will lead to the ability to raise the value of the dinar. the frequency and the intrinsic details should start to open eyes. the main reason they give to doing this....is the large cash bloc and given the official, audited statistics which shows 60 trillion in m2, this should be expected.
Im not trampling your opinion. i just dont agree with it on the foundation youve built your opinion.
For the life of me I will never understand why you pro lopsters are invested in the dinar.
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The Supreme Court has struck down most of the controversial Arizona immigration law, but upheld a key provision.
The provision that was upheld requires state and local police officers, during routine stops, to check the immigration status of anyone they suspect could be in the country illegally.
Other provisions, though, were struck down.
The federal government claimed the law encroached on its authority to enforce immigration law.
Kind of difficult to encroach on a law that the feds are not enforcing.
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I find it interesting that 5 years ago or around that time when a barrel of oil was $140, gas prices in california was over $4. Now that it is $78 a barrel, gas prices are $3.93 where I live. But if you ask the oil companies they aren't gouging but seemingly have record profits every year. If the markup per gallon of gas is the same, and the usage is down because of the recession, how can you have record profits?
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Don't get me started on you again Walkin. You will lose. Remember the last time i gave you a woopin? Kap works his tail off to offer up all information. I don't think he ever said he agreed with that LOP article, just made sure all saw it.
Put him in his place katie.
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You mean to tell me he now all of a sudden realizes that this whole time they have been talking about a lop??
It only took you what, like 4 or 5 years to see the truth??
Will you now apologize for pumping the RD as something we wanted and apologize to all the "lopsters" for being incorrect??
So that means you are really stupid. By your own statement you have known the truth for 4 or 5 years and invested in the dinar knowing you would make no money.
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yota gone?
in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
Posted
I'm not Yota but I really love twinkies.