Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by steakman44

Hi Adam What does IIF stand for? I would like to check out this forum

Investor's Iraq Forum.

Hey matey, it's the other forum, Investor's Iraq forum.

Sounds great on the amount but just remember there are a lot of rumour mongers dealers out there just giving it the BS to get more to buy dinars. Not saying this is one but worth bearing in mind.

Hi readytogo

The conference call is open to all members who have a membership. The membership fee is $100 a year. It is for investors who want information on different investment programs. There are about 200 people on these calls.
I do not know who his source was at CBI as I could not stay on the call long enough for the Q&A part. I will try again on Saturday to see if I can get any more info.

Thanks Adam for the info

I just spoke with this guy on the phone and I'm bad. He told me this came from the Dept of Treasury not the CBI. Sorry about that

Thanks steakman for this, if you can get more info be appreciated, like when! One more thing, were they trying to sell the dinars in any way, shape or form? if so it gives it less credibilty.

Thanks Steakman! It sure brightens the day to hear good news!

Originally Posted by readytogo

I was wondering, what if it does open really high at $2 or more, and an individual would like to cash it all out. How would they go about paying as little tax as possible?

Would it be most beneficial to becom incorporated and have the corp. cash it in? Or would the corp have to pay the same taxes?

What if they cashed it in and then immediately invested 1 mill or more? I read somewhere that those who invest 1 mill or more are tax exempt.

Any ideas? I know that there are some tax breaks out there to cover us.

Thanks,

Monica

My plan is to not liquidate dinars until I have held them for a year so I will only be responsible for paying 15% long term capital gains tax. I don't mind giving that to the IRS because it keeps my life simple and audit free.

Basically, U.S. Corporate taxes are higher than individual tax rates. If you cash in at least $365,000 gain, and you hold it less than 12 months, your tax rate is 35%, short term capital gains tax.
If you hold it longer than 12 months, then your tax rate is long term capital gains tax at 15%.

Not sure if you are referring to U.S. income tax. The thought of investing 1Mil or more has no bearing on the taxes you pay - at least not in the U.S.

Originally Posted by readytogo

I was wondering, what if it does open really high at $2 or more, and an individual would like to cash it all out. How would they go about paying as little tax as possible?

Would it be most beneficial to becom incorporated and have the corp. cash it in? Or would the corp have to pay the same taxes?

What if they cashed it in and then immediately invested 1 mill or more? I read somewhere that those who invest 1 mill or more are tax exempt.

Any ideas? I know that there are some tax breaks out there to cover us.

Thanks,

Monica

Originally Posted by steakman44

Hi readytogo

The conference call is open to all members who have a membership. The membership fee is $100 a year. It is for investors who want information on different investment programs. There are about 200 people on these calls.
I do not know who his source was at CBI as I could not stay on the call long enough for the Q&A part. I will try again on Saturday to see if I can get any more info.

steakman, would you mind if I post this on another forum just to get some reaction?

Thanks.