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nemesis760
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Posts posted by nemesis760
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Awesome!!
shows that the parties certainly spaces to close the file once and for all
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That is my understanding too. But will this be long term investment or earned income?
This is what i have come up with, PLEASE correct me if I am wrong (I do that at least once a week, unless you ask my wife, then maybe once a breath)
Tax Rate on Short-Term Capital Gains
Capital gain income from assets held one year or less is taxed at the ordinary income tax rates in effect for the year, ranging from 10% to 35%.
Tax Rate on Long-Term Capital Gains
Capital gain income from assets held longer than one year are generally taxed at a special long-term capital gains rate. The rate that applies depends on which ordinary income tax bracket you fall under.
So, it depends on how long you have had it and your tax bracket.
Ordinary tax Rate || % taxed on long term capitol Gains
- 10% || 0%
- 15% || 0%
- 25% || 15%
- 28% || 15%
- 33% || 15%
- 35% || 15%
- 39.6% || 20%
You can also defer payments if you intend to invest, allowing a greater amount to invest, I think
Capital gains tax can be deferred or reduced if a seller uses the proper sales method and/or deferral technique. The IRS allows for individuals to defer capital gains taxes with tax planning strategies such as the structured sale (ensured installment sale), charitable trust (CRT), installment sale, private annuity trust (no longer valid), and a 1031 exchange.[28]
- Deferred sales trust – Allows the seller of property to defer capital gains tax due at the time of sale over a period of time.
- 1031 exchange – Defer tax by exchanging for "like kind" property. Capital gains can be deferred forever by buying a replacement real estate by a business, but not for personal real estate.
- Structured sale annuity (aka Ensured Installment Sale) – Defer and reduce capital gains tax while gaining safety and a stream of guaranteed income.
- Charitable trust – Defer and reduce capital gains by giving equity to a charity.
- Self-directed installment sale (SDIS) – Allows for the deferral of capital gains taxes while removing the risks from buyer default under a traditional installment sale.
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- 10% || 0%
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Jesters, Jester Okie, Jester 'fill-in-name'... Here for your entertainment...
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Keep can be rude at times bodeen. He has brought this on himself. I personally have nothing against him, but if you need a pot stirred, he's your man. He love's controversy and knows what buttons to push.
ps. Congrats on a year of smoke free !!! Been just over 4 years for me.
pp
Agreed, dude has strong opinions, he can just be... well, rude is a good way to put it. I know i am an a**hole in my everyday life, so I know when i am pushing someone, but I do it anyway, like Keepm does here.. Best put him on ignore, pretty sure thats what my employees have done to me
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So they are no longer considered an SDN. I found that definition if that helps anybody else:
As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them. Click here for more information on Treasury's Sanctions Programs. http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx
Almost seems that they are saying that these people, or companies, are no longer owned or controlled by Iraq, or are no longer considered narcotics traffickers or terrorists or other "Non-Country specific" threats.
EUROMAC EUROPEAN MANUFACTURER
CENTER SRL, Via Ampere 5, Monza 20052,
Italy [iRAQ2].
SPECKMAN, Jeanine, United Kingdom
(individual) [iRAQ2].
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I copied this from " Going Global- East meets West;
"The House Speaker Osama Nujaifi has decided to lift the parliamentary session of the 40 of the first legislative term of the year legislative third to the day after tomorrow, Saturday,"
Link:
http://goingglobaleastmeetswest.blogspot.com/2012/12/iraq-parliament-votes-on-eight-laws-and.html
Not sure if that answers the question or not.
RSS
They cant just say, "Moved to Saturday. Tonight: Bingo in the main hall"
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CBI authorizes the governor to raise the price of the Iraqi dinar against the U.S. dollar
December 12, 2012 15:20 Last Update: 12 Dec 2012 15:20
Email to a friend Print Share Font
Authorized the CBI governor raised the price of the Iraqi dinar against the U.S. dollar.
, the bank said in a statement to news agency Kuwait "KUNA" that as part of the keenness and the pursuit of the Iraqi Central Bank in the development of his tools in the monetary policy and support the national economy stable market took the bank's board a number of decisions.
And came within resolutions authorizing Iraqi Central Bank Governor validity reduce the sale price of the U.S. dollar and which is now 1179 dinars to the dollar in order to enhance the value of the Iraqi dinar and the requirements of the market.
statement did not disclose the price proposed new dollars against the Iraqi dinar also did not specify a time limit for the implementation of the mechanism of raising the price of the Iraqi dinar .
The decision a few weeks after withdrawal by Iraqi Central Bank Governor Sinan al-Shabibi and the prime BSA Abdul Basit Turki serve as the Governor of the Bank.
mention that the price of the Iraqi dinar has stable since 2008 and so far the exchange rate ranged between 1170 to 1200 Iraqi dinars per dollar . (end) h e / G n Kuna 121,355 GMT Dis
No timeline... dammit... Its like the car adverts showing a pinto flying and driving at 200mph, then the fine print comes up stating that this is not real...
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If I read this right, it was a joint Press Conference, and Ban Ki-Moon was present when these statements were made. Does that count for anything?
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I have been asking the question, Is there a case in history where there has been a RV of currency of any major power nation?
Using Google as well as asking a friend who told me about RV of Dinar and my buying 1 million as a result,
I have not found one RV but lots of Devaluations.
Check the For Sale Forum... lots for sale including mine, but No indications of folks buying them, including mine.
I have sent my 1 million back to Dinar Trade for the $810 currently offered.
I hope to get net about $775 after shipping and insurance etc.. paid $1100 for them.. so you can do the math.
Adam Montana is in my best research a fraudulent pumper of a fraudulent get rich quick proposal that the RV will happen with the Dinar, for the 1st time in the history of the world.
Beware... and be warned... This is not an investment, this is a rip-off.
**********
The RV of the Dinar is not going to ever happen! It will devalue for sure, that is the incentive, just like it is for the USA financial handlers.. borrow and spend is the mantra today and forever...
The result has been and will be again, worthless currency...
I hope this helps someone else save at least some of the loss that is coming to everyone else who bought in to this lie like me with the hope that it might be possible!
END of my post is here anything added after this done by the managers of the site, not me
If China only allowed its currency to appreciate, the global economy would rebalance and stabilise – or so the argument goes. This column studies the historical record of large exchange-rate revaluations. It supports the idea that currency appreciations have an impact on the current account but argues that this can come at a cost – the reduction in exports risks putting the brakes on global growth.
Over the past decade, several emerging market economies – China in particular – have run substantial and persistent current-account surpluses. Loose monetary policy in the US could now result in higher domestic inflation within these emerging economies and lead to the sort of real currency appreciation that many countries want to avoid (Bergsten 2010 and Huang 2010).
It is well known that countries must choose between capital mobility, monetary policy autonomy, and exchange-rate stability but cannot pursue all three objectives at the same time. Clearly, China’s authorities are increasingly forced to consider currency appreciation as they fear the social ramifications of rising prices. From a global perspective, current-account imbalances and reserve accumulation may have contributed to the mispricing of risk and helped create the macroeconomic backdrop for the recent financial crisis. Currency appreciations in surplus countries could be a policy tool in reducing imbalances (Ferguson and Schularick 2011).
Yet currency appreciation remains a controversial policy choice among economists. In recent research (Kappler et al. 2011), we use a large cross-country dataset covering almost 50 years of international economic history between 1960 and 2008 to study the empirical record of large exchange-rate appreciation and revaluation episodes. Some of these episodes are regularly referred to in the debate about global rebalancing in the wake of the recent financial crisis, e.g. in Germany and in Japan.1
The main points of disagreement about the effects of exchange-rate changes on the macroeconomy relate to two central issues.
First, how effective would currency revaluation be in reducing current-account surpluses in Asia and deficits in the US? Unless structural saving and investment determinants change, there will be no change in current-account imbalances (Qiao 2007).
Second, is there reason to believe that appreciation would come with the negative side effect of reducing growth in developing countries? Appreciation might put a successful export-led growth model at risk. This model was centred on a competitive real exchange rate and positive externalities from investment in the tradable goods sector. Some economists fear that exchange-rate adjustment might be all too effective – but mainly in reducing the growth rate of the Chinese as well as other developing economies because China has become a locomotive for developing country growth in the 2000s (Garroway et al. 2010).
Digging up the historical evidence
While these questions open up a number of different conceptual issues, they are to some degree open to a joint empirical treatment. We define large exchange-rate events as a 10% (or larger) appreciation of the nominal effective exchange rate over a two-year window (or less), leading to sustained real effective appreciation of the same magnitude, sustained in real terms over at least five years.
From 1960, we identify 25 episodes of large nominal and real appreciations and revaluations in a sample of 128 countries of developing and advanced economies. Studying the institutional context of each individual episode in detail, we find 14 cases of appreciation shocks that occurred not as a result of discretionary policy action, but were linked to the appreciation of the anchor currency under pegged exchange rates. These cases represent exogenous appreciation shocks that can be used to estimate the macroeconomic impact of large appreciations and assess the robustness of estimates based on a wider definition of appreciation and revaluation events.
We use a dummy-augmented autoregressive panel model (as in Cerra and Saxena 2008) to show that such large appreciations episodes have strong macroeconomic effects. The estimated effects of appreciation shocks on key macroeconomic variables are shown in the appendix. Four key stylised facts emerge that may well prove useful in the ongoing debate about the role of exchange-rate adjustment for global rebalancing.
First, the current-account balance typically falls strongly in response to large exchange-rate revaluations. Three years after the revaluation, the current account balance deteriorates by about 3 percentage points relative to GDP. This is due to a reduction in aggregate savings without a concomitant fall in investment. The effect on the current-account balance is statistically significant and robust to variation in the country sample and the definition of appreciation events.
Second, the effects on output seem limited. The point estimates suggest a negative effect of output growth, albeit of relatively small magnitude. On average, the aggregate level effect on output amounts to about 1% after six years. However, the output effects are statistically not significant.
Third, while aggregate output is not strongly affected, export growth falls significantly after appreciation shocks. Import growth remains by and large unchanged resulting in the observed deterioration in external balances. As aggregate economic growth is much less affected, these results point to a positive domestic demand response following appreciation episodes.
Fourth, the effects seem to be more pronounced in developing countries. The sensitivity of the current-account balance to revaluation shocks is higher. The effect reaches almost 4 percentage points of GDP after three years and is statistically significant. But also the potentially negative effects on output are larger, pointing to a loss in output of 2% over 10 years, albeit with wide confidence intervals.
Conclusion
The historical record of large exchange-rate revaluations that we have studied lends support to the idea that they have an impact on the current account as they lead to marked changes of savings and investment within countries. Appreciation shocks impact external balances, but this effect potentially comes at the cost of a reduction of dynamism in exports. While the domestic economy seems to pick up some of the external slack, leaving overall growth relatively unaffected, the prospect of sharp decelerations in export growth will remain a concern for policymakers and warrants careful attention especially in the context of developing countries.
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If you would like a better understanding of the last 50 years of large exchange rate increases, and currency revaluations, try here:
http://www.oecd.org/development/perspectivesonglobaldevelopment/47213150.pdf
Here is a small sample:
If China only allowed its currency to appreciate, the global economy would rebalance and stabilise – or so the argument goes. This column studies the historical record of large exchange-rate revaluations. It supports the idea that currency appreciations have an impact on the current account but argues that this can come at a cost – the reduction in exports risks putting the brakes on global growth.
Over the past decade, several emerging market economies – China in particular – have run substantial and persistent current-account surpluses. Loose monetary policy in the US could now result in higher domestic inflation within these emerging economies and lead to the sort of real currency appreciation that many countries want to avoid (Bergsten 2010 and Huang 2010).
It is well known that countries must choose between capital mobility, monetary policy autonomy, and exchange-rate stability but cannot pursue all three objectives at the same time. Clearly, China’s authorities are increasingly forced to consider currency appreciation as they fear the social ramifications of rising prices. From a global perspective, current-account imbalances and reserve accumulation may have contributed to the mispricing of risk and helped create the macroeconomic backdrop for the recent financial crisis. Currency appreciations in surplus countries could be a policy tool in reducing imbalances (Ferguson and Schularick 2011).
Yet currency appreciation remains a controversial policy choice among economists. In recent research (Kappler et al. 2011), we use a large cross-country dataset covering almost 50 years of international economic history between 1960 and 2008 to study the empirical record of large exchange-rate appreciation and revaluation episodes. Some of these episodes are regularly referred to in the debate about global rebalancing in the wake of the recent financial crisis, e.g. in Germany and in Japan.1
The main points of disagreement about the effects of exchange-rate changes on the macroeconomy relate to two central issues.
First, how effective would currency revaluation be in reducing current-account surpluses in Asia and deficits in the US? Unless structural saving and investment determinants change, there will be no change in current-account imbalances (Qiao 2007).
Second, is there reason to believe that appreciation would come with the negative side effect of reducing growth in developing countries? Appreciation might put a successful export-led growth model at risk. This model was centred on a competitive real exchange rate and positive externalities from investment in the tradable goods sector. Some economists fear that exchange-rate adjustment might be all too effective – but mainly in reducing the growth rate of the Chinese as well as other developing economies because China has become a locomotive for developing country growth in the 2000s (Garroway et al. 2010).
Digging up the historical evidence
While these questions open up a number of different conceptual issues, they are to some degree open to a joint empirical treatment. We define large exchange-rate events as a 10% (or larger) appreciation of the nominal effective exchange rate over a two-year window (or less), leading to sustained real effective appreciation of the same magnitude, sustained in real terms over at least five years.
From 1960, we identify 25 episodes of large nominal and real appreciations and revaluations in a sample of 128 countries of developing and advanced economies. Studying the institutional context of each individual episode in detail, we find 14 cases of appreciation shocks that occurred not as a result of discretionary policy action, but were linked to the appreciation of the anchor currency under pegged exchange rates. These cases represent exogenous appreciation shocks that can be used to estimate the macroeconomic impact of large appreciations and assess the robustness of estimates based on a wider definition of appreciation and revaluation events.
We use a dummy-augmented autoregressive panel model (as in Cerra and Saxena 2008) to show that such large appreciations episodes have strong macroeconomic effects. The estimated effects of appreciation shocks on key macroeconomic variables are shown in the appendix. Four key stylised facts emerge that may well prove useful in the ongoing debate about the role of exchange-rate adjustment for global rebalancing.
First, the current-account balance typically falls strongly in response to large exchange-rate revaluations. Three years after the revaluation, the current account balance deteriorates by about 3 percentage points relative to GDP. This is due to a reduction in aggregate savings without a concomitant fall in investment. The effect on the current-account balance is statistically significant and robust to variation in the country sample and the definition of appreciation events.
Second, the effects on output seem limited. The point estimates suggest a negative effect of output growth, albeit of relatively small magnitude. On average, the aggregate level effect on output amounts to about 1% after six years. However, the output effects are statistically not significant.
Third, while aggregate output is not strongly affected, export growth falls significantly after appreciation shocks. Import growth remains by and large unchanged resulting in the observed deterioration in external balances. As aggregate economic growth is much less affected, these results point to a positive domestic demand response following appreciation episodes.
Fourth, the effects seem to be more pronounced in developing countries. The sensitivity of the current-account balance to revaluation shocks is higher. The effect reaches almost 4 percentage points of GDP after three years and is statistically significant. But also the potentially negative effects on output are larger, pointing to a loss in output of 2% over 10 years, albeit with wide confidence intervals.
Conclusion
The historical record of large exchange-rate revaluations that we have studied lends support to the idea that they have an impact on the current account as they lead to marked changes of savings and investment within countries. Appreciation shocks impact external balances, but this effect potentially comes at the cost of a reduction of dynamism in exports. While the domestic economy seems to pick up some of the external slack, leaving overall growth relatively unaffected, the prospect of sharp decelerations in export growth will remain a concern for policymakers and warrants careful attention especially in the context of developing countries.
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Correct on the first and none on the second.
People are making a big deal out of this but it is just normal evolution. The ISX normally closes for a week prior to the year so not surprising it has to be sorted by Dec 25th.
The fact that the ISX will be closed and that Dec 31st is the end of the financial year provides the best window of opportunity for any significant changes.
Thanks Sandyf!
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Can anyone answer these for me:
Ist the ISX public already?
What is the difference between this and what they currently have??
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"Good news fans, the GOI is showing signs of Life!"
"I dunno, I think Mulla may be carrying his left a little low, this could hurt him in the later rounds..."
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Just a thought, could the Budget be drawn up without using the zeros in the budget's math. Essentially the figures would be calculated in the budget as if they are already at an .86 rate. Maybe thats what they mean when they say that the budget will not include the zeros?? Just a question/thought...
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4. The ObamaCare Surtax on Investment Income
Under current law, the capital gains tax rate for all Americans rises from 15 to 20 percent in 2013, while the top dividend rate rises from 15 to 39.6 percent. The new ObamaCare surtax takes the top capital gains rate to 23.8 percent and top dividend rate to 43.4 percent. The tax will take a minimum of $123 billion out of taxpayer pockets over the next ten years.
Looks like our taxes would go from 15-20, seeing as this is capital gains, not dividends income.
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http://www.imperialroyaltyllc.blogspot.com/2012/09/kuwaiti-accepts-iraq-to-be-removed-from.html?m=1
http://img.youm7.com/images/NewsPics...2011279154.jpg
Tuesday, September 25, 2012 - 12:24
The Undersecretary of the Kuwaiti Foreign Ministry Khaled al-Jarallah agreement Kuwait with Iraq during the meetings of the Joint Commission held in Baghdad since the duration of the removal of all farms infringing on the border, pointing out that he can not maintenance of border markers without removing the excesses of existing, and that Iraq will ensure farmers and Kuwait will help in buildings.
expressed Jarallah hoped to continue the task of coordinator International Affairs prisoners and detainees Gennady Tarasov, explaining that it does not mean keep Iraq under Chapter VII,pointing out that the task of Tarasov discussed in December for review.
also expressed his hope to continue this mechanism does not necessarily this mechanism under Chapter VII, explaining at the same time that the Council if it considers that there are other mechanisms suggests we are not against it as long as Iraq has implemented the rest of its obligations, foremost maintenance of border markers and compensation of farmers and responsiveness in issue of prisoners and remains.
pointed out that once carried Iraq this obligations, Kuwait is extremely flexible in accepting mechanism issued by the Security Council, whether coordinated or UNAMI or any other mechanism issued by a decision of the Council to enable Iraq out of Chapter VII.
and whether the region will witness a war after Israel's threat to Iran and announced last it will blow proactive Israel , wished Jarallah to the region and the Gulf states calm and enjoy the region stability and wisdom will prevail always in all our practices and our actions, and our responsibility calm is mongering.
confirmed Jarallah to the Syrian crisis has entered a dark tunnel since it began killing the sons of Syria, and this we hope to achieve UN envoy and the Arab League Lakhdar Brahimi something, but it seems that the situation is more difficult than to address, and added: We hope that enables wisdom Lakhdar Brahimi and experience that achieves nothing, and that can be the Syrian people to achieve his ambition and hopes legitimate, and also departs from these difficult circumstances and bleeding daily.
pointed out that once carried Iraq this obligations
Does this mean we have to wait for them to actually carry out the obligation?
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Followed the link, says
April 1, 2007
hoover digest » 2007 no. 2 » iraq
Am i missing something?
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Honestly I believe that there are keywords that seem to overtake the readers mind when we read this, the word Dinar. The thing i had to read twice to make sure i understood was the fact that the charges were Conspiracy to commit wire fraud, wire fraud and money laundering.
These are the samethings a mob or cartel banker would get.
These charges, I am 99% certain pertain strictly to the fraudulant hedge funds.
The fact that these men participated in the selling of the risky Dinar speculation was brought up to degrade their morale character. To further prove that what they were doing was in no way unintentional. Probably sounded something like
"..these men knew exactly what they were doing to the hedge fund investors when conning them out of their money. They are pushing other high risk quote/unqoute investments such as the Iraqi Dinar..." and then goes on to explain exactly what is in her inditement.
I have been in my fair share of trouble in the past and have looked at my charges in complete disbelief, and had my attorney tell me that they will throw every charge and every possible character flaw out to try and get the highest possible conviction. As much as an attorney doesn't want to admit, it does come down to stats, W vs L.
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I found a little different spin on this article from another site.
Sources for (UR): a Conference in London to sell Iraqi banking sector
Created on Saturday, 15 September 2012 08: 14 | طباعة | البريد الإلكتروني
Baghdad/Orr news
Financial sources said that Iraqi investment conference in the Iraqi banking sector, which will be held in London on 18 and 19 of the month,Will make Iraq banks to finance the bankrupt economies and saving banks in Europe and the United States, as is the case with the banking sector.
According to sources, she is an expert bso'on, finance and economy that Iraqi officials view on investment opportunities in the financial sector would pave to sell Iraq to foreign banking sector, leading to the enactment of laws to facilitate foreign companies to penetrate the Iraqi banking sector, identify core projects to project penetration.
The sources, speakingAgency (UR) and did not want to disclose their identity,The process of investing in the Iraqi banking sector will turn Iraqi State development effort from the Central Bank to banks and private financing and inundating the private sector debt, in addition to laying the foundations for the development of private banks at the expense of the Government and State funds.
Sources said that the barriers existing in investors in the financial sector will lead to liquidity of suction Street and productive market for banks and destroy any chance for the future to use liquidity in the industrial sector, transforming the infrastructure project financing to the banking sector and linking infrastructure foreign ownership.
She said that such a plan if, will be by sources, will make the Baghdad stock market open, breaking by foreign firms, in return for the scenario that happened in South-East Asia in the 1980s and caused the bankruptcy of the States.
And drawn to the prospective investment will develop the insurance sector to link citizen laws force foreign companies to pay to have a property or liquidity in preparation for the privatization of the health sector and service in the next phase of meetings.
According to sources, that this Conference be held in, knock (Grange Tower Bridge Hotel) situated in thePrescot Street45Not the first of its kind to sell Iraqi riches, was preceded by theConference on 7 and 8 September 2011 to sell the mineral wealth under the banner of investment, and after a Conference on 18 and 19 April 2012 to sell refineries.
And learned (UR) that a high-level Iraqi delegation will attend the Conference, and includes among its members both rose Nuri Shaways Qusay Suhail and Sinan Al-Shabibi, Haidar Al-Abadi Ali Yousif Al-Shukri Al-Issawi, and Sami Al-araji Uploader and owner Mohammed daraji hamdiya dry and the appearance of Mohammed Saleh.
That line kind of bursted my bubble... not ruling out something major this week though.
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Old News
Bankers are preparing the country's entry of global banks a real incentive to invest
On: Wednesday 1/8/2012 6:57
Latest news
Bank: a opening of Abu Dhabi Islamic Bank will enter a UAE investors to a country
http://www.ikhnews.com/news_view_50179.html
It is my sincerist hope that this bank takes over WARKA BANK....just sayin.....
THey jack up their dates they read DD/MM/YYYY instead of the american MM/DD/YYYY so that is actually 8/1/2012.
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I can see them fighting over the remote control.
True power struggle there!!!!
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Isn't $180 for 200 dinar a good thing???
$0.72 if i am not mistaken.
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Awesome! Thanks for posting!
CBI: CBI study entitled: Central Bank of Iraq and the evolution of monetary policy
in Iraq & Dinar Related News
Posted
Is it possible for Iraq to force the official currency to be the Dinar, and enforce its use only? Could this create the confidence required?