Adam - Value Study

[cashman]

Adam -

Your information regarding the study that CBI is doing on how to raise value does fit with what my sources have said however do you think that they are waiting on the details of how the IRS or other Governments will tax the benefit that is delaying the RV, or does it have to do with picking the correct value.

Your thoughts or anyone else that have more insight on this would be nice.

[Short6]

It is a part of the Action Plan Mr. M called for. It should help them determine the real value based on the market! I saw the DINAR on the Forex this mornig and it had rising 6.5 %.

[bstephie123]

Adam -

Your information regarding the study that CBI is doing on how to raise value does fit with what my sources have said however do you think that they are waiting on the details of how the IRS or other Governments will tax the benefit that is delaying the RV, or does it have to do with picking the correct value.

Your thoughts or anyone else that have more insight on this would be nice.

I am not an economist by any means and I appreciate you putting this question out there to be analyzed; but IMO, I don't think the CBI cares one bit about how any of the governments will tax any gains etc.; why would they? And if I am wrong or totally out in left field here, please tell me why they might? I am not being rude, I am just trying to look at the angles like everyone else, please understand that I mean NO DISRESPECT to you cashman...thank you.

[NotReallyTex]

See I think the opposite. They might not care about us Americans but they are trying to get respect with the entire world. They want to be able to trade and do everything that so many other Countries do. I just don't think they really want to tick off the very people they want to trade with.

[djuggler]

I was resently told of a CTT. Has anybody heard of the CTT? (Currency Transfer Tax) Is there one? What's the rate?

[NotReallyTex]

The fact that I think they do worry about the others Countries think of them keeps me from getting so down on this entire thing. It's one thing that keeps me strong in all this confusing mess.

[chuksan]

I have heard that the same people who own the CBI also own the Federal Reserve Bank. Now lets ponder that for a second, who is in control???

[karina]

is thr any info about this meeting

[ronscarpa]

I was resently told of a CTT. Has anybody heard of the CTT? (Currency Transfer Tax) Is there one? What's the rate?

In Speaking with my accountant, I was told that it would be a long term or short term capital gain, and you had to prove the long term by purchase receipt. Then there would be a possible alternative minimum tax if a short term capital gain, depending on the amount of profit you had. Anyway, that's what I was told. I hope this helps...!

RON

[mrs millionaire]

In Speaking with my accountant, I was told that it would be a long term or short term capital gain, and you had to prove the long term by purchase receipt. Then there would be a possible alternative minimum tax if a short term capital gain, depending on the amount of profit you had. Anyway, that's what I was told. I hope this helps...!

RON

I will second this as being true

[tabi]

Adam -

Your information regarding the study that CBI is doing on how to raise value does fit with what my sources have said however do you think that they are waiting on the details of how the IRS or other Governments will tax the benefit that is delaying the RV, or does it have to do with picking the correct value.

Your thoughts or anyone else that have more insight on this would be nice.

I translated this post.....آدم -- دراسة قيمة

آدم --

لديك معلومات بخصوص الدراسة أن يقوم به البنك المركزي العراقي حول كيفية رفع القيمة لا تتناسب مع ما بلدي وقالت مصادر ولكن هل تعتقد انهم ينتظرون على تفاصيل عن الكيفية التي مصلحة الضرائب أو غيرها من الحكومات وسوف الضرائب الفائدة التي يتم تأخير رف ، أو أنها لا تملك أن تفعل مع حصوله على القيمة الصحيحة.

أفكارك أو أي شخص آخر أن الحصول على مزيد من التبصر في هذا من شأنه أن يكون لطيفا.

Then back again...........Iraq will RV this weekend. WOHOOOO!!!!!!!!!!!

[djuggler]

I have talked to 3 accountants and a tax attorney. Each one told me something different.

[joev]

you know, that makes alot of sense, why would CBI care how how ths USA IRS taxed individuals or Corps for gains on a speculative investment?

[mrs millionaire]

I have talked to 3 accountants and a tax attorney. Each one told me something different.

This isn't something new....an RV, I mean. And although tax laws change from year to year, the application of the law traditionally remains the same....it's just the credit or deductions which are alloted for the way in which we must pay the tax on the income we earn. If I take a $100 dollars after tax $, and I earn $100,000 on that $, the rest assured the gov't wants their share of the $99,000 I earned. Income that an individual earns can be taxed one of three ways...oridinary income, short-term capital gain (which is taxed the same as ordinary income), and long-term capital gains...then unfortunately, all of that income can be taxed again as alternative minimum tax. What I can say for sure is that we will not be able to get away with finding "loop" holes. Sure, you may get away with it for a short-time, but eventually, you will be audited and you will pay in the tax you should have paid, plus penalties and interest and possibly fines and jail time. Ignorance is not a defense against why you didn't pay correct tax.

[jwb]

Answer: The Grand Puppeteers

[JMac]

I was resently told of a CTT. Has anybody heard of the CTT? (Currency Transfer Tax) Is there one? What's the rate?

It's a UN thing that came from the UN's Millennium Goals issued in 2000. It's been bounced around in the US since then but doesn't seem to have gained much ground yet. Apparently it was folded into the Tobin Tax proposal made at the 1995 Copenhagen Summit. Here's the gist:

"The Millennium project is monitored by Jeffrey D. Sachs, a Columbia University economist. In 2005, he presented then-U.N. Secretary General Kofi Annan with a 3,000-page report based on the research of 265 so-called poverty specialists.

"Sachs' document criticized the United States for giving only $16.3 billion a year in global anti-poverty aid. He argued that we should spend an additional $30 billion a year to reach the 0.7 percent target the U.N. set for the United Sates in 2000.

"Sachs says that the only way to force the United States to commit that much money is by a global tax, such as a tax on fossil fuels. Empowering the United Nations to impose a direct international tax on Americans has been a U.N. goal ever since the 1995 Copenhagen Summit embraced the so-called Tobin Tax.

"By adopting the Millennium Goals in 2000, the U.N. escalated its demands to impose international taxes. Specifically, the Millennium called for a "currency transfer tax," a "tax on the rental value of land and natural resources," a "royalty on worldwide fossil energy

projection

[jackdavis1364]

Oh come on...Really???????

I'm not sure who you are questioning here but if it was to the person that intimates that the CBI and the Federal Reserve Bank are owned by the same people, I want to make this comment. 99% of the general public in the US thinks the Federal Reserve Bank is a part of the US Government. Well.....it's not! Not now, never has been. Never will be. Do a little research and you will see.

[karen]

I just hope to have a tax problem soon!!!!