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Theseus

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Everything posted by Theseus

  1. So glad a lot of people are named BostonAngler here. Now will the real BostonAngler please stand up?
  2. Wrong. Bzzt you lose. Go to jail, do not pass go, do not collect 200 dollars. Next!
  3. Do you even know where the phrase "drink(ing) the Kool-aid" came from? Riddle me the answer and I might think you are worth the salt to even bother a retort.
  4. Even if I was VIP/OSI I would still use a CPA or tax attorney that had no stake, no ties to this investment. A fully vetted firm that deals with extremely large sums of money everyday and brush whatever I brought to them off as pittance money. Damn right I research everything. This reminds me of the TD Ameritrade commercial where the husband and wife are talking to the advisor. And she says 100K is not all that much compared to other clients of theirs. The advisor replies back we are talking about you right now. If 100K to you is a fortune, then it is a fortune.
  5. There was indeed a dry run when sitrep decided to forgo the lube when it came to Luigi.
  6. Wait wasn't it estimated that only 1200 ISIS terrorists remained in Mosul? And it was easy peasy from here on out?
  7. NEW YORK — President Barack Obama was ranked the 12th best United States president in a new survey that was released Friday. The survey, conducted by C-SPAN, had 91 presidential historians rank past presidents. Obama, the first time making the list, ranked 12th as overall best president in American history. He also scored high for “pursued equal justice for all,” oh really? He pursued equal justice for all? Where was the justice he pursued when the Black Panthers showed up to the polls in PA with wooden batons. Where was the justice to those citizens who were under threat of harm with a weapon when they went peacefully to protest? Did Obama really pursue justice for all when Holder said he would not investigate "his people". Was the equal justice pursued when every time he convicted in the public the person for shooting Trevor Martin or the in the case of Ferguson? Were they given fair and equal treatment by this POTUS? Or did the POTUS without knowiing all of the facts spout off based on made up stories. Like the Ferguson case with the hands up don't shoot story actually turned out to be made by a so-called eye witness who actually did not see what happened. Or the Trevor Martin case who his family claimed to be an angel and even the POTUS stating if he had sons, Trevor would look like his sons. When truth was finally revealed Trevor was a thief. In most instances race dictated the equality in which POTUS pursued justice for all. “moral authority” Moral authority? Not at all. The authority on morals went out the window with this POTUS. His moral authority extended no further than his nicotine stained fingers. Moral authority was again dictated by race in almost every case we look at those in which Obama exuded his moral authority over. The last few days of his presidency on commutations and pardons were definately predicated on race. Having the most commutations and pardons of any president and the subsequent release of violent criminals in which some have returned to prison because they committed violence is not showing moral authority. and “economic management.” This one makes me laugh most of all. The economic management he presided over was the worst since the Great Depression. He changed the formulas of how cost of living was calculated, consumer price index and unemployment numbers. More people were off the roles of receiving unemployment than when he started his presidency. His inclusion of part time jobs really brought down his numbers. The stifling regulations and obamacare uncertainty during the first term of his presidency suppressed growth in private industry. Job creation was stifled. 12th in Presidents for these numbers? A president's legacy is not determined less than 30 days after he leaves office. It takes years and years to determine the overall effect the President had on the nation. His "I have a pen and phone" mantra to circumvent Congressional legislative process was a lesson to how quickly things can be undone in the next Presidential term. Giving Obama 12th is akin to giving him the Nobel Peace Prize before he even worked his first day as President. He deserves neither. However, Obama was ranked one of the lowest in “relations with Congress,” taking the 39th spot in the survey. Obama ranked higher than former presidents Bill Clinton (who placed 15th) and George W. Bush (ranked 33). Bush moved up three spots since the 2009 survey, C-SPAN reported. “That Obama came in at number 12 his first time out is quite impressive,” Dr. Douglas Brinkley, Professor of History at Rice University, said in the news release. The rating correlates with Obama’s high approval rating when he left office. A Gallup survey showed 59 percent approval rating for Obama. However, some thought the former president would rank higher. The polls was manufactured to give Obama high numbers when he left office so his wittle fweelings weren't hurt when he left office. He would not be setting up an office to go against the new President if truly the entire nation felt he did a good job. If anything people were happy and excited his term was over and he would be leaving the WH. “Although 12th is a respectable overall ranking, one would have thought that former President Obama’s favorable rating when he left office would have translated into a higher ranking in this presidential survey,” Dr. Edna Greene Medford, Professor of History at Howard University, said. Abraham Lincoln took the top spot in the survey, followed by George Washington, Franklin D. Roosevelt and Theodore Roosevelt. The three presidents that have been ranked the worst were James Buchanan, Andrew Johnson and Franklin Pierce. They were also ranked the worst in the 2000 and 2009 surveys.
  8. If you really want to be logical about this, Capital Gains in the US is only on long term investments. This is holding the currency in your possession for 366 days or longer. If you bought IQD within 365 days Capital Gains does not apply. This is 20% but only on income over 400K (give or take). You have the exchange fee. How much will that be? I don't know lets say 5%. Now we are up to 25%. You have, if applicable, state, county and city tax, Add another 5% to that. So we are up to 30%. However, no one knows if the currency that gets exchanged will be under Capital Gains or regular income. So lets say its under regular income tax. if you make over a certain amount you are going to pay roughly 39 percent on the income. Do you qualify for AMT? Don't know. So if State, county and city tax is 5% and the exchange rate is 5% and you are paying at the minimum 39 percent, its 50 percent of your gains that you are paying in regular taxes. So we see the tax bill could be anywhere from 30 to 50 percent and 55 percent is actually being conservative. Unless you know exactly how much you are going to be paying in taxes and from what I have gathered from the previous discussions on this matter, it's all speculative right now, earmarking 55 percent is a reasonable figure to set aside for taxes. Then if you have money left over out of that, great! So be it. At least you will sleep tonight knowing that you did the right thing and set enough money aside earmarked for this matter. If you ever worked 1099 then you understand this, If you ever received money from an investment you understand this. If you have ever run a business and had payroll you understand this. You always set aside money for taxes so that when it is time to pay you have enough. Not doing so can actually land you in jail with fines the loss of your property etc. The taxman doesn't play around. Don't set money aside and you don't have enough to pay, don't cry over it and worst of all don't whine over your mistake.
  9. I didn't miss your point. In fact you missed mine. The purpose was to set aside enough money that will cover the taxman's share whatever that may be and not be tempted to spend it. Like you said earlier, " i pay my share but nothing more". If you read my original post on this subject I said if you have money left over you have won a gold star! Does that mean you are paying more than what you are "forced" to pay. Your retort was to not pay the taxman then you state you pay only what you owe this is contradictory. There was no missing that. Then you continue on in the next post explaining how you are only paying what the taxman is due. If you don't know what the taxman is due how do you allocate enough funds to pay the taxman? Look, you have missed the point of what I have said. Basically I am saying is to set aside enough money for taxes and pay out of that money what the bill is for taxes. When and if you have money left over great! Cash is king but when you don't have it or the means to get more and you have spent it don't come crying because the smart investor always sets money aside for the taxman. Like I have said before you are seeing things that aren't there and that is why you have completely gone off spouting about this in which we both agree with. Pay only what the tax man is due. However I am saying set aside an estimated amount so you can pay. This is stupid to quibble over something like this because we both said the same thing, Do what you want but know one thing, the IRS doesn't quibble and they don't argue over whether cash is the king or give unto ceasar what is ceasars, they say here is your bill now pay up. If you don't very very bad things will happen to you and the nice things you paid cash for. You have completely missed the point I made and went off on god knows what trying to show god knows who what. Set aside or don't set aside I don't care, the OP asked how much were taxes going to be. You have neither answered the questioned nor contributed to the answer other than to say give unto ceasar what is ceasars. Well no crap Sherlock. At least I gave a more logical response to this. How about you read the thread next time to see why the response was given.
  10. Pay the tax man i don't think so i pay my share but nothing more This is contradictory. You just told me that you are not going to pay the taxman then state you are going to pay your share. Which is it? Setting money aside for tax purposes on this large amount is a smart play by any investor. You are not necessarily going to pay that much but you will have the funds when you need to pay them.
  11. From Charles Schwab website. First, that is just set aside to pay the taxman. Do everything in your wherewithal not to pay whatever you don't have to. Setting aside money to pay the taxman when the time comes is always a smart play. Long-term capital gains and qualified dividends A top rate of 15% applies to qualified dividends and the sale of most appreciated assets held over one year (28% for collectibles and 25% for depreciation recapture) for single filers with taxable income up to $418,400 ($470,700 for married filing jointly). Long-term capital gains or qualified dividend income over that threshold are now taxed at a rate of 20%.
  12. Take what you have and multiply it by the RV rate. Multiply that by 55%. That is the amount the government keeps along with the exchange rate. Work with 45% of whatever you expect to make off this and you should be fine. If you pay the tax man his due and have money left over, hooray you won a gold star!
  13. I was in a talk with my friend who came to this country from India and stayed once he earned his higher ed degrees in Engineering. He repeatedly tried to convince me that the USA has a good economy. I pointed the numbers to him and he would dismiss each one with oh that paper is not famous enough or DJT will take credit on this or that and if this or that fails he will blame the last POTUS in the WH. This was in response to DJT's "I've inherited a mess comment" Mind you I have tried to tell him that Obummercare was no good. Did he listen? No but no he whines and cries at how much he has to pay in deductible costs and how much it costs him every year. Then the subject of the dinar came up. Now I know those of you on here who think I am not wanting the dinar to RV but like I have said in the past that is the furthest thing from the truth. I am in no way negative on the RV happening, I just disagree when it will happen and have stated so. So this next bit will come as a suprise here. He stated that when I brought the subject up I said don't believe me, go research for yourself. At the time Maliki was still filling his pockets with all that he could. There were reports on how this was a scam from places like WSJ. I asked him about what happened in India, was that a scam? He said no. Then I asked him how in the world could this ever be a scam other than receiving fake dinars from an untrusted source. Well the famous paper WSJ writer said it was so. He has a wife two kids and bills so I can understand where he is coming from. On the economy, I told him the wise ole owl was right on Obummer, he retorted Obama was 15th best president. I did not think chai tea could ever fly so fast from one's nostrils! I asked him what info did he get this from? I basically said a sign of a good president is not being able to have all that you hold so dear in legacy to be undone with the stroke of a pen. Obummer may well near be the bottom of the 45 presidents. At least he wasn't drunk like Ulysses every night. If people ever looked past the last 10 presidencies they would find out that Obummer may have his faults but there were far worse presidents but not by much. If you risk nothing, you lose nothing and you gain nothing.
  14. The so-called gurus have spoken and now the country is amidst a heat wave from all the hot air they have blown out their orifices that they do not use for eating. See I did not name call one bit in that last line. I merely used "colorful language". Freedom of speech doncha knuw?
  15. What's funny is some think I am joking on this last part. When you spend 13 hours in a hyperbaric chamber, the dive class I forgot long ago, it might be on the microfiche, 2 nights in ICU, O2 toxicity, multiple myringotomies that were so loud you would have mistaken them for balloons popping, were clinically dead for a few and the only people who cared was a red headed nurse. Hello Nurse!, Yeah some of us know what is like to come back from the dead.
  16. and another...and another...and another...eventually they are going to run out of room to kick the can as every street either comes to a dead end or leads into a much busier street.
  17. I think they are late, for a very important date!
  18. If you didn't have a life, would you be considered a zombie? Or the Undead? Or just maybe, a dracoola? Some of us know what it is to come back from the dead. We wake up every day.
  19. So let's see here, a guy (or gal) named Utah Rock suddenly shows up on this site, knows the majority of people and pulls to the left? Someone is making fake names to manipulate people into an argument where there should be none. C'mon lefties can do better than that.
  20. You be an 'merican too ain'tcha? There are two Americas - North and South. In the North we have Canada, US, Meheecoe and few others. In the South we have - well we Northerns never do talk about them South'n boys. It just taint proper. Just remember it's always better to be the Yankee than the yanker!
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