RV Possibly Dec 30th

[mauser]

This only my opinion... back in late 2007, a member of Dinar Rumor (I believe) had investigated when Iraq had changed their currency, either up or down. He had found that all currency changes happened on the last working Thursday of the month unless Thursday was a holiday then it changed on the Wednesday. Either way it changed on the last working day of the month. Soooooo, since the dinar is suppose to go up in value by the end of the year, this may be their thinking. Monday would be better but Thursday also works for me and it's only 4 days away.... Just my thoughts from watching and reading since Sept. 2007. We are down to the last min... The only down fall would be O would loose out on all that tax money he could have gotten from cashing in during 2010... Merry Christmas and Happy New Year to all... Semper Fi!!

[steveo]

anytime in the near future will be fine with me.........

[umbertino]

IF ONLY (as usual)

[Hfeliu]

The only down fall would be O would loose out on all that tax money he could have gotten from cashing in during 2010... Merry Christmas and Happy New Year to all... Semper Fi!!

What do you mean by losing out on all that tax money? sorry if this seems like a dumb question, but i'm exhausted searching thru the net to find info on what taxes we will be hit with when we exchange our currency.

[Bandito]

I dont understand the tax statement either....the bush tax cuts where extended, so whether it is 2010 or 2011 our gov. will get its share....no need to worry about that! lol

[pops]

I understand this should be considered as a long term capital gain, taxed at 15% if you have had your investment over 1 year.

If I'm wrong I'm sure someone will set me straight. LOL

[Loggerjohn]

I checked with our accountant and he says a law was enacted in 1973 that treats currency gains as regular income. He also stated that they have always reported it as a capital gain and they have never been called on it. I personally will report mine as a short term capital gain which is taxed at 35%just like regular income. I just thought you might want to be aware of that 1973 law and consult your tax specialist on it. Hope this helps.

[mauser]

I'm Sorry..... the tax statement was taxes that would have been paid for cashing in during 2010... now it will be, what, April 15th of 2012 before taxes are due to our illustrious government....

[Logical1]

I'm not a qualified tax attorney or a guru (I'm an engineer), but I do read and research a plethora of info constantly regarding our investment. A Dec. 30th date for an RV sounds like a great date considering the new FDIC insurance covering "non-interest bearing" accounts is soon to be "limitless" (no cap, or insurance limit) starting Dec. 31st!

Could be something, could be nothing. Just my opinion and you know what they say about those

Merry Christmas! God Bless!

[pius]

about the question about what taxes we will be paiing i just met with a CPA yesterday to get info about that same thing, and this is what i was told, she said that being it was done as an investment, that instead of paiing the 35% that i was thinking that as an investment that i would just pay capital gains, of 15% which is a much easier pill to swollow[/size].

[littlepeep]

Merry Christmas To all my dinar family!!

[virginialadybug]

I am just waiting for "it will be by Jan. 15" due to this reason and that reason. I'm actually surprised we haven't already heard it.

[sneakey]

I dont understand the tax statement either....the bush tax cuts where extended, so whether it is 2010 or 2011 our gov. will get its share....no need to worry about that! lol

Now he has to wait a year before he sees the tax revenue from this. Think about how much pressure it would relieve on O if the government suddenly had a huge tax year.

[concretr]

***** O ANYWAY...CANT WAIT FOR "O" TO BE PART OF AN OLE BOOK...SICK A HIM AND THEIR AGENDA