PPP's....I'm almost positive that this is what we were talking about last year......Yes, there is a minimum $$ amount...like $5 or $10 million. From what I understood (because I was interested too!) is that you have the funds in an account and agree NOT TO TOUCH them. The Private Program would be given permission by you to check the account each month to make sure that the money is in fact still in the account and then pay you a substantial interest rate...like 40%......It does sound amazing, and it is something that I would like more information and guidance on...it was said 'why be a millionaire when you can be a billionaire?' and I was like "yeah! Why not?"
There was also mention of "Allocated Pensions" which would pay monthly payments at a higher interest rate also...but with a smaller initial deposit.
Either way, sign me up!
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Thread: Smart Spending
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16-05-2007, 08:47 PM #91
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"Classy Creations" by Tiffany
Stylish, adjustable collars for your WEBKINZ and other favorite plush friends! Custom orders welcome! Classy Bands bracelets ~ great for fundraising!
http://stores.ebay.com/Classy-Creations-by-Tiffany
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16-05-2007, 08:58 PM #92
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16-05-2007, 09:38 PM #93
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Buy A House Like Yesterday
The first thing I would do is buy a house. We lost our house to foreclosure on April 30th and have been living with a friend. We already have a house picked out that is brand new and has been on the market for about 6 months.
This is the house we will buy if the dinar revals above $1 and the house is not sold by then. Next we will give to the church. We do not need to help our family members as all of them are holding dinars. I told them about this investment over a year ago and I have my parents, both my brothers, other relatives, and several friends invested in this.
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16-05-2007, 09:45 PM #94
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So sorry to hear that, Steakman. If not that house, there are plenty more.
"If you don't stand for something, you will fall for everything."
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16-05-2007, 10:13 PM #95
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I have a question. Say I give Dinars to my church or to my kids, or whoever, does the person who receives my gift have to pay taxes on it?
Also, to be clear, you are saying that we do not have to pay taxes on what we give as a gift as long as we give actual Dinar. Is that correct?
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16-05-2007, 10:20 PM #96
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Apparantly, no, that is not correct. That's what I thought, too. Here's what I know so far:
- if you are giving to a Charity-or church, give them dinar and let them cash it in. You still get to deduct the value of what they are worth off of your income.
- If you keep your dinars to yourself, and cash them in, you can give up to $12,000 to family and friends as a gift without either of you being taxed. You and your spouse (if you are married) can each give this 12K to the same person without any one being taxed. If you decide to give OVER the 12K then the GIVER pays a GIFT TAX on any amount over the 12K.
- If you give someone dinar, they are responsible for their own capital gains on it, and supposedly something else like cost/value based on what was paid for the dinar by the giver
- someone can please correct me if I TOTALLY SCREWED THAT UP!!
Habakkuk 2:2-3 Then the LORD answered me and said: “ Write the vision And make it plain on tablets,
That he may run who reads it. 3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry.
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16-05-2007, 10:21 PM #97
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Gift Taxes
Gift Tax Questions
Q: What is the gift tax?
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not.Habakkuk 2:2-3 Then the LORD answered me and said: “ Write the vision And make it plain on tablets,
That he may run who reads it. 3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry.
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16-05-2007, 10:26 PM #98
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16-05-2007, 10:49 PM #99
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16-05-2007, 11:06 PM #100
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Habakkuk 2:2-3 Then the LORD answered me and said: “ Write the vision And make it plain on tablets,
That he may run who reads it. 3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry.
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