gmancometh67 Posted October 3, 2010 Report Share Posted October 3, 2010 First off I'd like to say Hello and God Bless to everyone and although this is my first post, I've been reading some of the info posted on this great site. I've chosen not to comment or put in my two cents as I am no where near as prepared as most of you appear to be. Is it just me or does it seem like "Uncle Sam" really benefits the most from an RV. I mean I for one don't own much Dinar but the little that I do own "Big Brother" will be getting. If I've read previous post correctly 40% for doing nothing and investing nothing in the investment that we are in. But what really isn't fair is in the event (which I don't foresee) that we were to sustain a loss, "Big Brother" won't be there to bail us out. Awesome arrangement for them, we take the risk they reap the rewards. Don't get me wrong this is by far the best nation in the world to live in, but realistically with "family" like that who needs enemies? lol Also if I read this right the US owns so many trillions in Iraqi dinar why do they need 40% from us. Was just wondering? sounds kinda greedy to me. I would also ask if anyone out there has a better way to soften that 40% hit to "Uncle Sam" that is legal and doesn't require warka, or off shore accounts... I'm not against paying taxes but it seems like"Uncle Sam" is a modern day "King John" (from Robin Hood) when it comes to this investment as well as any investment if this is the norm in the industry. Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? I wish everyone lots of luck and hope all your dreams come true. And just think of all the people that will be helped when this ride comes to an end.(pay it forward) I for one will be helping my family and a few others get back on their feet. God Bless us all and God bless the USA, GOOOOOOOOO RV................................................... 5 Link to comment Share on other sites More sharing options...
carlablum Posted October 4, 2010 Report Share Posted October 4, 2010 Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? You forgot to mention that when you spend the rv money you will pay taxes on what you buy with it. Never ending and NO it is not just you! Thank you for the post Carla Read more: http://dinarvets.com/forums/index.php?/topic/34735-is-it-just-me/page__pid__213365__st__0entry213365#ixzz11LOGg1GI First off I'd like to say Hello and God Bless to everyone and although this is my first post, I've been reading some of the info posted on this great site. I've chosen not to comment or put in my two cents as I am no where near as prepared as most of you appear to be. Is it just me or does it seem like "Uncle Sam" really benefits the most from an RV. I mean I for one don't own much Dinar but the little that I do own "Big Brother" will be getting. If I've read previous post correctly 40% for doing nothing and investing nothing in the investment that we are in. But what really isn't fair is in the event (which I don't foresee) that we were to sustain a loss, "Big Brother" won't be there to bail us out. Awesome arrangement for them, we take the risk they reap the rewards. Don't get me wrong this is by far the best nation in the world to live in, but realistically with "family" like that who needs enemies? lol Also if I read this right the US owns so many trillions in Iraqi dinar why do they need 40% from us. Was just wondering? sounds kinda greedy to me. I would also ask if anyone out there has a better way to soften that 40% hit to "Uncle Sam" that is legal and doesn't require warka, or off shore accounts... I'm not against paying taxes but it seems like"Uncle Sam" is a modern day "King John" (from Robin Hood) when it comes to this investment as well as any investment if this is the norm in the industry. Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? I wish everyone lots of luck and hope all your dreams come true. And just think of all the people that will be helped when this ride comes to an end.(pay it forward) I for one will be helping my family and a few others get back on their feet. God Bless us all and God bless the USA, GOOOOOOOOO RV................................................... 1 Link to comment Share on other sites More sharing options...
gmancometh67 Posted October 4, 2010 Author Report Share Posted October 4, 2010 Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? You forgot to mention that when you spend the rv money you will pay taxes on what you buy with it. Never ending and NO it is not just you! Thank you for the post Carla Read more: http://dinarvets.com/forums/index.php?/topic/34735-is-it-just-me/page__pid__213365__st__0entry213365#ixzz11LOGg1GI Soooo True, I stand corrected. The never ending tax cycle... lol Thanks for the response 1 Link to comment Share on other sites More sharing options...
carlablum Posted October 4, 2010 Report Share Posted October 4, 2010 Soooo True, I stand corrected. The never ending tax cycle... lol Thanks for the response Oh, then if you buy a house for example. you pay the tax from your already taxed money, then you pay a property tax every year after that, then when we die we will have to pay a death tax LOL OK now my blood is boiling!!! Carla Link to comment Share on other sites More sharing options...
Qman Posted October 4, 2010 Report Share Posted October 4, 2010 First off I'd like to say Hello and God Bless to everyone and although this is my first post, I've been reading some of the info posted on this great site. I've chosen not to comment or put in my two cents as I am no where near as prepared as most of you appear to be. Is it just me or does it seem like "Uncle Sam" really benefits the most from an RV. I mean I for one don't own much Dinar but the little that I do own "Big Brother" will be getting. If I've read previous post correctly 40% for doing nothing and investing nothing in the investment that we are in. But what really isn't fair is in the event (which I don't foresee) that we were to sustain a loss, "Big Brother" won't be there to bail us out. Awesome arrangement for them, we take the risk they reap the rewards. Don't get me wrong this is by far the best nation in the world to live in, but realistically with "family" like that who needs enemies? lol Also if I read this right the US owns so many trillions in Iraqi dinar why do they need 40% from us. Was just wondering? sounds kinda greedy to me. I would also ask if anyone out there has a better way to soften that 40% hit to "Uncle Sam" that is legal and doesn't require warka, or off shore accounts... I'm not against paying taxes but it seems like"Uncle Sam" is a modern day "King John" (from Robin Hood) when it comes to this investment as well as any investment if this is the norm in the industry. Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? I wish everyone lots of luck and hope all your dreams come true. And just think of all the people that will be helped when this ride comes to an end.(pay it forward) I for one will be helping my family and a few others get back on their feet. God Bless us all and God bless the USA, GOOOOOOOOO RV................................................... Well my financial advisor has told me that because I have had my Dinars well over a year it will be taxed at 15% long-term capital gains. Link to comment Share on other sites More sharing options...
saturday night Posted October 4, 2010 Report Share Posted October 4, 2010 Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? You forgot to mention that when you spend the rv money you will pay taxes on what you buy with it. Never ending and NO it is not just you! Thank you for the post Carla Read more: http://dinarvets.com/forums/index.php?/topic/34735-is-it-just-me/page__pid__213365__st__0entry213365#ixzz11LOGg1GI Also if you buy property you will pay property taxes to your county or state forever. However if you look at it this way, it is a blessing from the Lord and we have not put years and years of work into it. Actually a person can make many, many years of income instantly. Wow that opportunity doesn"t come along often at least not for me. 2 Link to comment Share on other sites More sharing options...
CeCe Posted October 4, 2010 Report Share Posted October 4, 2010 Also if you buy property you will pay property taxes to your county or state forever. However if you look at it this way, it is a blessing from the Lord and we have not put years and years of work into it. Actually a person can make many, many years of income instantly. Wow that opportunity doesn"t come along often at least not for me. Exactly, saturdaynight! Even though I can agree with the others and say I don't think the govt should be able to take as much in taxes, But who put these people in Govt? We did! But, This is a blessing that we do not have to work so hard for! Go RV and God Bless! 2 Link to comment Share on other sites More sharing options...
DinarTruth Posted October 4, 2010 Report Share Posted October 4, 2010 First off I'd like to say Hello and God Bless to everyone and although this is my first post, I've been reading some of the info posted on this great site. I've chosen not to comment or put in my two cents as I am no where near as prepared as most of you appear to be. Is it just me or does it seem like "Uncle Sam" really benefits the most from an RV. I mean I for one don't own much Dinar but the little that I do own "Big Brother" will be getting. If I've read previous post correctly 40% for doing nothing and investing nothing in the investment that we are in. But what really isn't fair is in the event (which I don't foresee) that we were to sustain a loss, "Big Brother" won't be there to bail us out. Awesome arrangement for them, we take the risk they reap the rewards. Don't get me wrong this is by far the best nation in the world to live in, but realistically with "family" like that who needs enemies? lol Also if I read this right the US owns so many trillions in Iraqi dinar why do they need 40% from us. Was just wondering? sounds kinda greedy to me. I would also ask if anyone out there has a better way to soften that 40% hit to "Uncle Sam" that is legal and doesn't require warka, or off shore accounts... I'm not against paying taxes but it seems like"Uncle Sam" is a modern day "King John" (from Robin Hood) when it comes to this investment as well as any investment if this is the norm in the industry. Lets see I work an honest job (deputy at the county jail), I get taxed from the money I was paid, I buy some dinar (with post taxed money) only to get taxed worse when it rv's. isn't that double dipping? I wish everyone lots of luck and hope all your dreams come true. And just think of all the people that will be helped when this ride comes to an end.(pay it forward) I for one will be helping my family and a few others get back on their feet. God Bless us all and God bless the USA, GOOOOOOOOO RV................................................... I thought it was 30% short term capital gains? Wow....40%??? I was getting set to just put 30% of whatever I made off this into an savings account....which in turn would get taxed off of the interest made off that until I used it to pay these cap gains taxes.... Link to comment Share on other sites More sharing options...
dlbfilm Posted October 5, 2010 Report Share Posted October 5, 2010 I think it sounds kinda greedy to us all.... look for ways to make it better... Go RV.... Link to comment Share on other sites More sharing options...
Hooter Posted October 5, 2010 Report Share Posted October 5, 2010 I talked to my accountant, and he said it would depend on your previous years tax bracket, and I would be looking at 5% - 15%. But I am still going to plan on paying 40% in taxes and hope that he right in his initial assessment. I think everyone is going to have different circumstances, and getting two identical opinions on the tax code is almost impossible. EXCEPT that you have to pay taxes. But I guess even that is debatable, depending on how far off the deep end you are. Link to comment Share on other sites More sharing options...
dlbfilm Posted October 5, 2010 Report Share Posted October 5, 2010 We really need someone that understands what we are doing to try to help us better protect what we have invested in. Hopefully they will come out when the RV happens.... Link to comment Share on other sites More sharing options...
hspotman Posted October 5, 2010 Report Share Posted October 5, 2010 I talked to my accountant, and he said it would depend on your previous years tax bracket, and I would be looking at 5% - 15%. But I am still going to plan on paying 40% in taxes and hope that he right in his initial assessment. I think everyone is going to have different circumstances, and getting two identical opinions on the tax code is almost impossible. EXCEPT that you have to pay taxes. But I guess even that is debatable, depending on how far off the deep end you are. If you live in California....be prepared to pay an additional 10% California state tax on top of Uncle Sam's cut. Link to comment Share on other sites More sharing options...
dlbfilm Posted October 5, 2010 Report Share Posted October 5, 2010 Research before you trade in.... its just a thought but listen.... Link to comment Share on other sites More sharing options...
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