pastorbigal Posted December 1, 2011 Report Share Posted December 1, 2011 This might be a stupid question, but it is because I have never dealt with Foreign money at all. My question is what amount is taxed? Are we going to be taxed on the rate, or are we going to be taxed on the amount of money that we actually get back after the spread? It might not normally be a huge deal, but Adam seemed to suggest that at the first of an RV, that the CBI would have a pretty heafty spread. Sorry to sound so newbish, but I am what I am. Link to comment Share on other sites More sharing options...
okane Posted December 1, 2011 Report Share Posted December 1, 2011 You are taxed on what you receive/gain. Link to comment Share on other sites More sharing options...
MrDinarman Posted December 1, 2011 Report Share Posted December 1, 2011 I don't know because I refuse to pay any tax on IQD. Link to comment Share on other sites More sharing options...
Get your skinny Posted December 1, 2011 Report Share Posted December 1, 2011 I don't know because I refuse to pay any tax on IQD. And how are going to do that 1 Link to comment Share on other sites More sharing options...
prayin4peace Posted December 1, 2011 Report Share Posted December 1, 2011 And how are going to do that He's not going to cash in. He'll just stay in prison for tax fraud. 1 Link to comment Share on other sites More sharing options...
Markinsa Posted December 1, 2011 Report Share Posted December 1, 2011 You are taxed on what you receive/gain. What he said. Take what you receive when you sell the Dinar, subtract what you paid for the Dinar. The difference is Income from the sale of the Dinar, which is the amount which will be taxed. - Link to comment Share on other sites More sharing options...
olivesman Posted December 2, 2011 Report Share Posted December 2, 2011 Adam has a link at the bottom of his profile with the "Cashin Guide". Suggested reading. http://dinarnews.net/cashinguide.php 1 Link to comment Share on other sites More sharing options...
Caye98 Posted December 2, 2011 Report Share Posted December 2, 2011 What he said. Take what you receive when you sell the Dinar, subtract what you paid for the Dinar. The difference is Income from the sale of the Dinar, which is the amount which will be taxed. WHICH will probably be 45%+/- plus any state tax Adam has a link at the bottom of his profile with the "Cashin Guide". Suggested reading. http://dinarnews.net/cashinguide.php Good Advice. Learn the difference between Tax Avoidance and Tax Evasion...the first one is legal (and smart). 1 Link to comment Share on other sites More sharing options...
olivesman Posted December 2, 2011 Report Share Posted December 2, 2011 And how are going to do that Nobody will be paying tax on the IQD. They will be paying tax on the USD that they EARN from CASHING IN their IQD. :lol: 3 Link to comment Share on other sites More sharing options...
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