Post By Belecosity From Dinar Vets
This is the first time I have every posted on any Dinar board before. Give yah a little backround, I have been invested in the dinar with close friends for a few years. I'm sure everyones got a great story as to how they got invested and the circumstances surrounding their decision so I'll spare you.
Since Iv'e been invested I threw the Dinar in my sock drawer and never though about it until about a month ago when I felt an exitement about this thing really happening.
So i began reasearching not as much from a point of, "how soon!!!!!", but from more, "what am I going to do when it happens". I am fully assured that the Dinar will take people from rags to richs and zero to hero, so that is not my concern I leave that to God. So I have urgency, but it's based on following biblical principles of a good stewart.
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I see many people on the forums that take the mindset of "Going to the bank!" "cashing in!" "Pay my taxes whatever they want fine, I'll take what I can get". I by no means am trying to demean people that feel that way, but I don't understand the mindset behind it.
Lets say that we do get taxed at an income tax rate after the exchange costs your looking at close to %40 of your money completely gone in one day. "poof" oh and depending on what state your in it could be another %10 gone, and then go to spend it in a state with sales tax %6-10 more!
Then on top of that you have forever put the IRS scope on your back. how can you be okay with this? I know this is worst case scenario, but there is a big possibility this could happen.
I am 24 years old working full time and in a full time MBA program. My wife is still in school and doesn't work. The job I work at is a corporate sales job. I don't make a ton of money but I get taxed at %40 because im on commissions. (I do get some back) but Seeing almost half of my paycheck gone every month when I'm young and trying to provide for my family is not a fun thing to have happen.
I don't hate taxes or despise the government for taking them, but you can be sure I will never pay a dime more than I have to.
long story short I started Looking into the correct way to handle this investment. Here is the plan that I have come up with, It is legal and it will save me so much money I can actually do great things with this investment, not just good things. (if anyone has better ideas let me know, this is the best way iv'e found so far.)
First, I will take a $25,000 dollar dinar and cash it in. This will give me the resources to put the rest of my plan into action. (I'll let them tax me at income level on 25,000 thats it!)
Next I will hop on a plane and head to a private bank or any secure bank and I will deposit my dinar into the account. depending on the stability of the Dinar and the amount it RV's for, I will avoid an exchange fee and keep it in dinar, or I will exchange it into the steadiest currency I feel at that time.
Next i will tie my newly acquired account into my newly formed LLC based out of Nevade(the swiss banks of LLC's). Then I will start trading in the forex.
there you go, the only time I will pay taxes is when I pull money out of the LLC for my salary, or pay capital gains on my LLC's investments, and the government will not be able to touch my newly acquired wealth.
Like I said I do not mind paying taxes, but being young with no great source of income, getting half of my DInar investment taken away in the first year, will really hurt me in the future.
I welcome anybody who has an opinion on this. Actually I would love to hear peoples plans and Ideas. I feel Like I still have much to learn.
(if you think what I'm doing is immoral or unethical, that is fine, but I don not believe this breaks any U.S. laws, so my conscience is clean.) -I cannot say the same for our government. :P/> (Kidding!)
Thanks everyone for for posting on this forum, I have learned alot from you all the past few years .Belecosity
(Recaps Note - Any typos - spelling - or grammatical errors are NOT Recaps -- It is not our responsibility to proof & edit grammatical errors from other peoples work - sometimes we do if time allows )
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)