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one2one

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Posts posted by one2one

  1. i exchanged currency in costa rica countless times---going in and out, nobody said anything.

    now, if i go to my Wells Fargo bank and exchange millions of IQD, there is obviously a record.

    i can easily ' sneak ' money into a foreign country to cash-in  

    • Upvote 1
  2. 15 hours ago, coorslite21 said:

     

    Well, I may be totally wrong.....but here is my thought process....

     

    First on the Spread......2% is actually on the high side..........Check with your bank......or google average bank spreads.......I will add that the more business you do with a bank....and the tighter the relationship.....the lower the spread.......btw....watch out for fees......another way they can stick you......I don't recall if you are into cryptocurrencies or not......the first day of the new year.....XRP (Ripple) handled over $520 million USD value in transactions with an average transaction speed of 4 seconds.......at a total cost of under a buck..........this is why Main Stream Finance is so worried about what Blockchain brings to the table......

     

    As to taxes.........could be 95%.........but I doubt it........here.s why.........

     

    IQD is held my many, everywhere........Countries, Businesses, Individuals.......Fortunately the Central Banking system......IMF......and that whole unit of corruption don't call the shots for the whole world....No one will be able to tell Russia or China what they do with Taxation......

     

    Then it comes the the US........no doubt if HRC had been elected......and a change in value occurred.....it is likely the tax would have been 95%........mainly because that group thinks they need to take care of/control all of us.........ta

     

     

    Taxes would have been collected.........and they would have fixed a few roads and stole the rest.....

     

    Trump is a Capitalist.......a believer in free markets...........the money will flow where it needs to go........and taxes will be paid on those ventures..........

     

    One last item here.........In the Economy section I posted......2019, what's ahead........you might read that.........

     

    This Bubble that first blew up 07-09.........was never fixed........the band aid has only made it worse..........when it blows.... this time it will be ugly......perhaps prior we will see a revaluation/some sort of currency reset in the hopes of prevention.........perhaps afterwards as a hopeful fix.........

     

    Either way, think about how you will hold your new found holdings.........they just might disappear as the deep state pulls another fast one...........

     

    So, I hope this helps........and really I am no expert..........if you get a chance............Check out that thread I mentioned and if interested google Egon and Matterhorn........you might find it to be of some value.

     

    Oh and BTW......VIP. OSI......sound concepts built on sound principal........at the very least an excellent insurance policy.....

     

    Enjoy your weekend........CL

     

    not concerned at all about the spread, cash in and get off this ride

    • Like 2
  3. 49 minutes ago, Xtaxguy said:

    If you give your IQDs (or any other asset) to anyone, anywhere, in exchange for anything, and you are a citizen or permanent resident of the US, you have a taxable event reportable on your US tax return.  Everything else is just details about how the amount of the tax burden or benefit (in the case of losses on such transactions) is calculated.  If what you get in the exchange is of lesser value than the then current value of what you are giving, the difference is likely to be a gift, which might be a tax deductible charitable contribution, or a reportable taxable gift to someone you wish to benefit.  In short, ALL transactions are taxable events to those involved, it's just that on most of them one or more of the parties involved may be exempt from reporting it or, if reportable, may have no practical tax impacts.  For example, when you buy a beer to drink, that's almost always a non-reportable personal expense, but not to the entity that poured it.

     

    The new federal tax law makes no changes in fundamental concepts that I know of, and what I described in the above paragraph is as fundamental as it gets.  The new law is just another big hodge podge of tweeks in the computational details designed to benefit some and penalize others.  Overall, a significant tax cut on identical facts will occur, but total federal revenue very likely will go up significantly because the burden shifting has stimulated businesses (changed facts) which will likely pay more total dollars of taxes despite lower tax rates because their income is going up.  Total dollars collected from individuals will go up much more despite lower tax rates primarily because millions of people have gone back to work (more changed facts) and most again will be paying some income and social security taxes.  Those who have been employed all along will pay at lower rates, but in most cases on increased income levels as wages rise everywhere.  This phenomena was previously best illustrated by the huge tax cuts Jack Kennedy got passed early in his administration and lit up the economy like never before.  This is horribly embarrassing to the loonie left who invariably try to ignore or deny it.

     

    But, for the top 3 to 5% of earners, federal taxes will take a significant jump if they live in very high tax rate States (e.g., NY, NJ, Mass., Conn., Penn., Ill., Calif., etc.) because their State and local tax (SALT) deductions on their federal tax returns will be limited to $10,000 despite their actual SALT payments often being much higher.  Much teeth gnashing to come soon from the bluest States!

     

    there is no proof regarding how much i paid for my IQD,  so where is the profit margin ?

  4. On 10/3/2018 at 9:22 AM, luckylady said:

    My husband died in February.  My son says I would be nuts to send my dinar to Belize.  Plus, he has made me afraid to go myself.  Please comment. 

     

    your son is right. never send your dinar anywhere. just find a local bank to handle it for you

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