(2nd) NEW All Nighter Thread....(On A Good Prediction.)

[tiffany]

Darn it Neno! You locked me out when I was posting! loL!

This is what I was asking....

Has anyone seen anything about the "special tax breaks" for those that invest in Iraq? Remember when Bush recommended investing....lower tax til 2009...something along those lines? Just trying to find EVERY possible alternative...

[flygirl1]

Tif, tell us somemore about the tax law and where did you find out about it. I want the info.

[flygirl1]

I don't know if I can make it all night tonight. I was up until about 5am last night and I think I will save my energy for tomorrow night.

[choochie]

Tiff,
Copied this from the "Latest News thread". Is this what you were looking for? It was posted by readytogo.

Hey guys,

Saw this in IIF. Good news for us if it is correct. Wish I had a link for it. Seems to be a new bill passed in 2003 to promote investing in Iraq! Hope it covers us! What do you think?


Posted by pimpmaximus:

The 2003 Tax Bill provision signed into law by President Bush gradually reduces the tax liabilities incurred by investors. This year its still 10% on long term capital gains. Next year its 5%, and in 2008, it will be 0%. So by default, everyone who has bought Dinar before today will fall into that category in 2008 (long term refers to holdings of over a year).

Bad news is that unless the law is renewed, the rates reset in 2009, back to 20% long term I believe. But that still gives you an entire year to reap rewards.

Many have speculated that this law was devised to coincide with a timeframe when many people will be able to cash out of a certain investment. I'll let you guess which one..........

Gotta apologize Howler, it is 15% this year, thats for folks in the 25% or higher bracket. For folks in the 15% or lower bracket it's 5%. Quite late here........

[neno]

Tiff,
Copied this from the "Latest News thread". Is this what you were looking for? It was posted by readytogo.

Hey guys,

Saw this in IIF. Good news for us if it is correct. Wish I had a link for it. Seems to be a new bill passed in 2003 to promote investing in Iraq! Hope it covers us! What do you think?


Posted by pimpmaximus:

The 2003 Tax Bill provision signed into law by President Bush gradually reduces the tax liabilities incurred by investors. This year its still 10% on long term capital gains. Next year its 5%, and in 2008, it will be 0%. So by default, everyone who has bought Dinar before today will fall into that category in 2008 (long term refers to holdings of over a year).

Bad news is that unless the law is renewed, the rates reset in 2009, back to 20% long term I believe. But that still gives you an entire year to reap rewards.

Many have speculated that this law was devised to coincide with a timeframe when many people will be able to cash out of a certain investment. I'll let you guess which one..........

Gotta apologize Howler, it is 15% this year, thats for folks in the 25% or higher bracket. For folks in the 15% or lower bracket it's 5%. Quite late here........

Thanks choochie, I was looking for this too. Was telling all the co-workers today about this. Is it true, or is this speculations?[/b][/size]

[Caviar Dreams]

I sure hope SGS and Rollsroyce are correct on this one...in any case here's a link to a countdown clock to our new found wealth..have fun and good luck to all!

Customized counter

[neno]

I don't know if I can make it all night tonight. I was up until about 5am last night and I think I will save my energy for tomorrow night.

I plan on this too, tomorrow night with you guys this time. They had all the fun last night.

[neno]

I sure hope SGS and Rollsroyce are correct on this one...in any case here's a link to a countdown clock to our new found wealth..have fun and good luck to all!

Customized counter

Very Cool!! I will try to put it in my siggy.

[maxib]

And I will be up anyway. Hope we have fun and get the result we are hoping for.

[Par77]

Yes, It was so cool to get the good news last night

Unfortunately, there was only a few of us expressing our excitement.....We missed all the key players.....so much wanted to wake everybody up and say "yippeeeeeee! LOOKIE HERE"

Saturday night we can all count down together.....