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Tuesday, April 15, 2014
Apocalypse, Man: Michael C. Ruppert
exchanging Dinar and Dong
Subject: --- exchanging Dinar and Dong
Irvin, This is my strategy if Dinar is taxed as capital gains and Dong is taxed as ordinary income.
Debbe
I just don't think we should exchange Dong in the same year as exchanging Dinar which will raise
ordinary income and cause us to pay the highest tax rate on the exchange of the Dinar.
I would rather give the Dong to others and pay zero for capital gains on the Dinar.
I think people will, in general, exchange first and then consult a financial planner and at that point, it will be too late.
I'm going to exchange Dinar myself and give Dong as a gift to others who don't have Dinar.
After the RV: if you have both Dinar and Dong, you will want to talk to a financial planner before you exchange the Dong. We are hearing that the Dinar will be taxed as Capital Gains (either long term or short term so have your purchase receipts ready when you have your taxes done). On the other hand, we are hearing that the Dong will be taxed as “ordinary income”. The following strategy is for that situation.
If exchanging the Dong will increase your “ordinary income”, then you will be boosted up into the highest tax bracket (whether Long Term or Short Term) on the exchange of the Dinar. That means you could pay 39.6% federal plus 3.8% Obamacare tax in addition to your state income tax. So I suggest you exchange Dinar for yourself the first tax year and either give Dong as a gift to others or wait to exchange Dong the following tax year.
If you have Dinar and it is taxed as Capital Gains, it will be taxed according to your tax bracket and whether LT or ST. First, you will want to hold Dinar so it is Long Term (366 days after purchase) and keep your purchase receipts for tax filing. You will be required to file estimated quarterly tax payments for the current tax year after the exchange. The key will be to reduce current year “ordinary income” and maximize your deductions during the year that you exchange Dinar so that your tax bracket is 0% or 15% and the following year you will get back most, if not all, of the estimated taxes paid.
You could reduce income by:
Quitting your job or business
Taking an unpaid leave of absence until year end
Postponing any bonuses until the following year
Keeping money in non-interest bearing accounts
Holding any capital gains (winners) until the following year.
Postponing retirement income
Postponing social security income
You could maximize your expenses by doing the following for you, your spouse, and your dependents in the same year as the exchange;
Tithe to your church and give to charity (up to 100% of income below $250,000)
Contribute full amount to a traditional deductible (not Roth) IRA, if working
Contribute maximum amount (16%) to 401K plan, if working
Take out a home equity loan to remodel your home (for deductible interest)
Wait until Dec 20th to payoff your home to maximize interest deduction
Buy and finance a second home for deductible interest (2 homes are deductible)
I install a solar energy system or wind turbine on your personal real estate and claim a tax credit of up to 30% of the installation cost
Buy rental property and start fixing it up but don’t rent it out until Jan 1st
Claim deduction for “points” and prepaid interest on all new home purchases
Pay state tax for current year by Dec 20th even though not due until next April
Pay all real estate tax by Dec 20th even though not due until next April
Pay tuition by Dec 20th for the whole year (if it’s a deductible expense)
Pay medical premiums by Dec 20th even though not due until the following year
Pay all medical out of pocket expenses by Dec 20th
Claim as many dependents as you legally can (other relatives you support)
Have all dental work done for whole family and pay this year (deduction)
Have a thorough vision checkup for whole family and pay this year (deduction)
Order a year’s worth of contact lenses and pay this year
Order two or more pair of glasses and pay this year
Have elective surgery done and pay this year
Buy new cars, a boat, an RV, etc and deduct state sales tax paid
Do not trade in your old cars, donate them to charity for a write-off
Arrange your business to “lose money” or break even so it’s a write-off
If you move for work, save receipts and claim moving expense deduction
Sell all stocks that have a capital loss by Dec 20th but hold winners until next year
Expect to be audited! Keep ALL cancelled checks and receipts for every single deduction and contribution.
Work with your CPA or financial planner throughout the year to fine tune your deductions to reduce your marginal tax rate to 15%.
Note: If you live in a state with state income tax (such as Calif) and the revaluation happens beforeMay 15th, consider buying a new home in a state that does not have state income tax (such as Washington, Nevada, Texas, Florida). Check the residency requirement for each state. Close escrow and move there before June 30th. Set up full time residency there (register to vote, change registration on all cars, work there, live there, send kids to school there) and plan to stay there for two full years. Then when you exchange the Dong in the year following the exchange of the Dinar, you may be able to save the amount of state tax that you would have been taxed.
For example: If you have 5 million Dong and it revalues at $1, you would have $5,000,000 after the exchange. If you live in Calif, you would pay about 10.3% state income tax or about $515,000. If it revalues at $3, you would pay $1,545,000 in state income tax. If you moved to a “no income tax” state and set up residency prior to the exchange, you might be able to pay zero state tax and save enough to cover the cost of a beautiful new home. Just plan to stay two years to file income taxes twice in case your former state challenges the move.
Irvin, This is my strategy if Dinar is taxed as capital gains and Dong is taxed as ordinary income.
Debbe
I just don't think we should exchange Dong in the same year as exchanging Dinar which will raise
ordinary income and cause us to pay the highest tax rate on the exchange of the Dinar.
I would rather give the Dong to others and pay zero for capital gains on the Dinar.
I think people will, in general, exchange first and then consult a financial planner and at that point, it will be too late.
I'm going to exchange Dinar myself and give Dong as a gift to others who don't have Dinar.
After the RV: if you have both Dinar and Dong, you will want to talk to a financial planner before you exchange the Dong. We are hearing that the Dinar will be taxed as Capital Gains (either long term or short term so have your purchase receipts ready when you have your taxes done). On the other hand, we are hearing that the Dong will be taxed as “ordinary income”. The following strategy is for that situation.
If exchanging the Dong will increase your “ordinary income”, then you will be boosted up into the highest tax bracket (whether Long Term or Short Term) on the exchange of the Dinar. That means you could pay 39.6% federal plus 3.8% Obamacare tax in addition to your state income tax. So I suggest you exchange Dinar for yourself the first tax year and either give Dong as a gift to others or wait to exchange Dong the following tax year.
If you have Dinar and it is taxed as Capital Gains, it will be taxed according to your tax bracket and whether LT or ST. First, you will want to hold Dinar so it is Long Term (366 days after purchase) and keep your purchase receipts for tax filing. You will be required to file estimated quarterly tax payments for the current tax year after the exchange. The key will be to reduce current year “ordinary income” and maximize your deductions during the year that you exchange Dinar so that your tax bracket is 0% or 15% and the following year you will get back most, if not all, of the estimated taxes paid.
You could reduce income by:
Quitting your job or business
Taking an unpaid leave of absence until year end
Postponing any bonuses until the following year
Keeping money in non-interest bearing accounts
Holding any capital gains (winners) until the following year.
Postponing retirement income
Postponing social security income
You could maximize your expenses by doing the following for you, your spouse, and your dependents in the same year as the exchange;
Tithe to your church and give to charity (up to 100% of income below $250,000)
Contribute full amount to a traditional deductible (not Roth) IRA, if working
Contribute maximum amount (16%) to 401K plan, if working
Take out a home equity loan to remodel your home (for deductible interest)
Wait until Dec 20th to payoff your home to maximize interest deduction
Buy and finance a second home for deductible interest (2 homes are deductible)
I install a solar energy system or wind turbine on your personal real estate and claim a tax credit of up to 30% of the installation cost
Buy rental property and start fixing it up but don’t rent it out until Jan 1st
Claim deduction for “points” and prepaid interest on all new home purchases
Pay state tax for current year by Dec 20th even though not due until next April
Pay all real estate tax by Dec 20th even though not due until next April
Pay tuition by Dec 20th for the whole year (if it’s a deductible expense)
Pay medical premiums by Dec 20th even though not due until the following year
Pay all medical out of pocket expenses by Dec 20th
Claim as many dependents as you legally can (other relatives you support)
Have all dental work done for whole family and pay this year (deduction)
Have a thorough vision checkup for whole family and pay this year (deduction)
Order a year’s worth of contact lenses and pay this year
Order two or more pair of glasses and pay this year
Have elective surgery done and pay this year
Buy new cars, a boat, an RV, etc and deduct state sales tax paid
Do not trade in your old cars, donate them to charity for a write-off
Arrange your business to “lose money” or break even so it’s a write-off
If you move for work, save receipts and claim moving expense deduction
Sell all stocks that have a capital loss by Dec 20th but hold winners until next year
Expect to be audited! Keep ALL cancelled checks and receipts for every single deduction and contribution.
Work with your CPA or financial planner throughout the year to fine tune your deductions to reduce your marginal tax rate to 15%.
Note: If you live in a state with state income tax (such as Calif) and the revaluation happens beforeMay 15th, consider buying a new home in a state that does not have state income tax (such as Washington, Nevada, Texas, Florida). Check the residency requirement for each state. Close escrow and move there before June 30th. Set up full time residency there (register to vote, change registration on all cars, work there, live there, send kids to school there) and plan to stay there for two full years. Then when you exchange the Dong in the year following the exchange of the Dinar, you may be able to save the amount of state tax that you would have been taxed.
For example: If you have 5 million Dong and it revalues at $1, you would have $5,000,000 after the exchange. If you live in Calif, you would pay about 10.3% state income tax or about $515,000. If it revalues at $3, you would pay $1,545,000 in state income tax. If you moved to a “no income tax” state and set up residency prior to the exchange, you might be able to pay zero state tax and save enough to cover the cost of a beautiful new home. Just plan to stay two years to file income taxes twice in case your former state challenges the move.
Bluwolf Update 4-15-14
04/15/2014
Please post everywhere. On Studley’s honor, nothing was left out, for he was responsible till the end. No groups have quit or bailed out, or are being left out by Wells Fargo.
There is no ten year “whatever” holding if you were to sign your nda. The reason behind the nda is for the full protection of all involved ( bankers, citizens, the buyers- Chinese } and the bank itself. It's a matter of security only .
Update: We still wait on the Americans to put everything in motion worldwide. As of last night I was informed that the go will happen in a bit with them or without them.
If it's without them, America's dollar will no longer be the strong currency when it comes to bonds and it's movements.
I can't say who will take its place on the worldwide stage.
Be blessed Bluwolf
There is no ten year “whatever” holding if you were to sign your nda. The reason behind the nda is for the full protection of all involved ( bankers, citizens, the buyers- Chinese } and the bank itself. It's a matter of security only .
Update: We still wait on the Americans to put everything in motion worldwide. As of last night I was informed that the go will happen in a bit with them or without them.
If it's without them, America's dollar will no longer be the strong currency when it comes to bonds and it's movements.
I can't say who will take its place on the worldwide stage.
Be blessed Bluwolf
Update by Sheldan Nidle for the Spiritual Hierarchy and the Galactic Federation4/15/2014
Rumor Mill News Agents Forum
Update by Sheldan Nidle for the Spiritual Hierarchy and the Galactic Federation4/15/2014
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OBAMA AND HIS 442 PROPOSED TAX INCREASES
EXPLAIN WHY THOSE ON WELFARE ARE ALLOWED TO VOTE????????
TAX DAY Is this really what a 'free society' puts its citizens through?
Among
all the great stories and conversations passed down from the ages, probably my
favorite is one from the ancient historian Lucius Cassius Dio about Roman
emperor Caracalla.
Caracalla ruled in the second century AD, and he was notorious for bankrupting the Roman treasury and waging costly, unnecessary wars.
Dio tells us that Caracalla made "one excuse after another and one war after another; but he made it his business to strip, despoil, and grind down all the rest of mankind."
Under Caracalla, Rome was broke. And Dio recounts a story between the emperor and his mother Julia:
Julia to the emperor: "There is no longer any source of revenue, either just or unjust, left to us."
The emperor replied, pointing to his sword, "Be of good cheer, mother: for as long as we have this [the sword], we shall not run short of money."
Caracalla's words summed up Roman tax policy at the time. It is perhaps not too far from modern tax policy either.
Today is tax day in the Land of the Free-- the deadline for roughly 150 million individual tax returns to be filed.
Of course, those who refuse will be hauled off to prison at the point of a gun (we've advanced beyond swords). And everybody knows it.
The IRS is legendary in this respect. Those three simple letters inspire fear, dread, and panic across the world.
The IRS "brand" is probably almost as famous as Coca Cola... but for all the wrong reasons.
It seems completely incongruent for a nation that is supposed to stand for the ideals of freedom and justice to be world famous for its medieval prosecution of tax policy.
And there's one clear example that I want to tell you about today.
If you are a US taxpayer with foreign financial accounts (such as a bank, brokerage, or potentially even a gold storage account overseas), there's a fairly new disclosure form that you must file to the IRS today along with your 1040.
It's called form 8938. And if you've never heard about it, I definitely recommend you speak to your tax advisor pronto.
Like all of these other tax forms, they threaten you with all sorts of fees, interest, penalties, and of course, jail time.
(The US is one of the only civilized countries in the world where taxation creates criminal liability. Again, totally incongruent.)
What's interesting about this is that it's possible there could be certain instances and certain places in the world where the local privacy laws could make it illegal to disclose this information to the IRS.
But the US government doesn't care.
And on page 7 of the instructions for form 8938, they say that even if "a foreign jurisdiction would impose a civil or criminal penalty on you if you disclose the required information," then they still expect you to file the form.
File the form and go to jail. Don't file the form and go to jail.
Is this really what a 'free society' puts its citizens through?
Caracalla ruled in the second century AD, and he was notorious for bankrupting the Roman treasury and waging costly, unnecessary wars.
Dio tells us that Caracalla made "one excuse after another and one war after another; but he made it his business to strip, despoil, and grind down all the rest of mankind."
Under Caracalla, Rome was broke. And Dio recounts a story between the emperor and his mother Julia:
Julia to the emperor: "There is no longer any source of revenue, either just or unjust, left to us."
The emperor replied, pointing to his sword, "Be of good cheer, mother: for as long as we have this [the sword], we shall not run short of money."
Caracalla's words summed up Roman tax policy at the time. It is perhaps not too far from modern tax policy either.
Today is tax day in the Land of the Free-- the deadline for roughly 150 million individual tax returns to be filed.
Of course, those who refuse will be hauled off to prison at the point of a gun (we've advanced beyond swords). And everybody knows it.
The IRS is legendary in this respect. Those three simple letters inspire fear, dread, and panic across the world.
The IRS "brand" is probably almost as famous as Coca Cola... but for all the wrong reasons.
It seems completely incongruent for a nation that is supposed to stand for the ideals of freedom and justice to be world famous for its medieval prosecution of tax policy.
And there's one clear example that I want to tell you about today.
If you are a US taxpayer with foreign financial accounts (such as a bank, brokerage, or potentially even a gold storage account overseas), there's a fairly new disclosure form that you must file to the IRS today along with your 1040.
It's called form 8938. And if you've never heard about it, I definitely recommend you speak to your tax advisor pronto.
Like all of these other tax forms, they threaten you with all sorts of fees, interest, penalties, and of course, jail time.
(The US is one of the only civilized countries in the world where taxation creates criminal liability. Again, totally incongruent.)
What's interesting about this is that it's possible there could be certain instances and certain places in the world where the local privacy laws could make it illegal to disclose this information to the IRS.
But the US government doesn't care.
And on page 7 of the instructions for form 8938, they say that even if "a foreign jurisdiction would impose a civil or criminal penalty on you if you disclose the required information," then they still expect you to file the form.
File the form and go to jail. Don't file the form and go to jail.
Is this really what a 'free society' puts its citizens through?
Bundy Ranch Now Surrounded by Heavily Armed Guards as Talk of Federal Raid Picks Up
Bundy
Ranch Now Surrounded by Heavily Armed Guards as Talk of Federal Raid Picks Up
By Eric Odom
The Bundy Ranch will not be caught off guard, though, as news reports make it clear the property is now prepared with heavily armed security.
Local rancher Cliven Bundy may have his cattle back, but his supporters say they are still preparing for an imminent threat.
Militia groups from all over the country say they are flocking to the Bundy ranch to protect the family from a feared federal government raid.
The Bureau of Land Management allowed Bundy to release his cattle Saturday, after they felt threatened.
Bundy now has a whole contingent of armed guards surrounding him 24 hours a day.
“They’re just there, trying to make sure something crazy doesn’t happen to him,” Bundy’s son Ammon Bundy said.
His security detail and family feel he is someone to be protected because of what the federal government could do.
“There were snipers on the hills and armed guards and you know, military forces with cameras all over.” Ammon Bundy said.
Cliven Bundy fears that the government could gather up again because they never reached a formal deal.
He is also trying to determine whether federal agents damaged any of his cattle before they released them.
The BLM only allowed the family to open up the gate of the pen where the animals were being held because officers were afraid of violence. As of now, no one has cleared him to take back his cattle for good.
Taking the stage to address supporters Monday, Bundy was quickly obscured behind his guards. The detail told 8 News NOW they are now patrolling the area 24 hours a day looking for federal snipers.
“You never know, you never know,” Ammon Bundy said.
Meanwhile, we’re seeing reports the BLM has NOT returned all of Bundy’s cattle, even though they said this would happen. Bundy is still missing roughly 100 of his cattle and the BLM has yet to explain where the cattle are.
Senator Harry Reid, who has major interests in nearby land as he negotiates with the Chinese to develop green energy on Nevada soil, has created even more tension by publicly declaring the feds will be back. The fed is indeed looking more and more likely to return, but the Bundy Ranch is more and more likely to be much better prepared.
At this point an armed fed initiated raid could prove incredibly dangerous and would put numerous American lives at risk. Time will tell if the government is willing to provoke the situation into one of possible violence and unnecessary lethal action.
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It!
IF I WERE SHERIFF
IF I WERE SHERIFF
The
Sheriff would have competent Deputies versed in various regions of the county
and various “potential” hazards and emergency situations. Each deputy would be
a competent instructor and administrator over his particular “realm of the
orb.”
Second
thing I would do is, I would request all able-bodied men 21 years and older (of
the male gender) to volunteer to act as Sheriff Deputy Reserves. I would
request that, at least, 10% of the able-bodied men (of the female gender)
volunteer as an “Auxiliary Deputy” as ride along associates to assure that
women were not molested and that other women were “handled” properly under
dispute.
All
deputies (reserve) would receive numbered badges and a communication device.
All deputies would receive proper “initial” training on communication, ethics,
programs of assault, etc. Deputies would provide their own clothing and
weapons.
Every
Sheriff would be responsible to answer the call of assistance to any county in
distress that is directly joined to his particular county. Distress of the
county could range from severe weather/storms, fire hazard, flooding, emergency
provisions distribution, natural pest invasion, or invasion of other entities
or powers.
A
Three-Member Panel of County Commissioners would act as responsible Magistrates
to issue arrest warrant and actions of an armed, or potentially hazardous
nature. Said Magistrates would NOT be connected with any corporate authority of
federal or state agency. Said Three-Member Panel or any group of 5 or more men
(of either gender) can request a Grand Jury investigation into any particular
complaint. Sheriff MUST obey orders and findings of local Grand Jury.
Sheriff
would NOT take orders from IRS or any other quasi-federal or state agency.
Sheriff would, under Oath, protect the people and the principles of integrity
ordained under Thee Bill Of Rights and the first Ten Amendments to the
Constitution for the united States of America.
Nuff said?
Thank you,
Doug Duff
SHOULD GET THE PRIZE --BEST EVER Pictures. SEMPER FI!
Do
YOU think these pictures ‘Connect the Dots’?
INCOMEMAX POST FROM TNT FORUM, 15 APRIL
The latest Intel I heard was that if we don't
get an RV today, then Big Brother will step in and make sure it happens. They will probably go in and make some arrests for
the ones not complying. But the announcements should be today. So in any case, everything is
completed and we should have an RV very, very soon! We'll see soon
enough how this plays out.
Enjoy the rest of the day and keep those positive thoughts flowing. Positive thinkers are the ones that change the world, so let's make it happen.
----
My source is from a FCUSA Consultant who may have some psychic abilities. Big Brother in this case, probably refers to the US Military.
Enjoy the rest of the day and keep those positive thoughts flowing. Positive thinkers are the ones that change the world, so let's make it happen.
----
My source is from a FCUSA Consultant who may have some psychic abilities. Big Brother in this case, probably refers to the US Military.
Posted by FORO DINAR GURUS at 12:07 PM
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