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Copyright 2016 - All Rights Reserved - DRT Distribution, LLC
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David John Marotta
The capital gains tax is economically senseless. The tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.
Multiple ways are available to avoid the tax, but none are beneficial to the economy. Here are 14 of the loopholes the government's gain tax unintentionally incentivizes.
1. Match losses. Investors can realize losses to offset and cancel their gains for a particular year. Savvy investors harvest capital losses as they occur and then use them on current and future taxes. Up to $3,000 of excess losses not used to cancel gains can offset ordinary income. The remainder of the loss can be stored and carried forward indefinitely.
This encourages investors to sell great investment vehicles during a temporary dip only to buy them back again 30 days later for a new cost basis.
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Bruce: There is a lot going on out west. Out west been a beehive of activity 24/7, around the clock. The subgroups, Tier 3 are almost complete. They have a few hundred participants to go at this time. Let us call it several hundred left. Those are being worked around the clock now.
They have an estimate completion time for noon tomorrow Standard Pacific time. Are we supposed to start when that ends? Possibly yes. We can't guarantee that though. Is that our start time? I mean notification by way of the 800 number and then the appointment setting for us? We will see. Maybe this will happen before Christmas if that is the case, but the banks are closed on Monday you may say. Yes they are.
One thing we got to remember is that there are redemption centers and banks. Those of us who use the toll free number to set our appointments will be going into the redemption centers. We have approximately 6800 redemption centers in the United States and Canada. That is a lot. We have plenty of redemption centers. The redemption centers are supposed to be open until 6pm Christmas Eve. A lot could happen between now and 6pm Christmas Eve. Will they be open Christmas day? I hope not. Will they start back up on Monday? Could be so. I don't know that. That is a question mark right now. It is very doable that if we get the start, we could start before Christmas.
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
david334 says to _firefly_():New rate and lower denoms has to drive customers into banks breakdown larger notes for day to day transactions.
clay01 says to david334():(y)
_firefly_ says):through the promotion of citizen's confidence in the Iraqi currency being the currency solid and backed with Iraq enhanced Iraq's central bank and is backed with metal gold,
_firefly_ says():through the promotion of citizen's confidence in the Iraqi currency being the currency solid and backed with Iraq enhanced Iraq's central bank and is backed with metal gold,
_firefly_ says():Basel 3 compliance?
david334 says to clay01():8-|I am starting to get it. Rocket Science is my hbby
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
_firefly_ says to david334():And not to apply the strategies drawn up by the committees and bodies advisers in the Cabinet and in collaboration with the UN and international organizations, of which there were up to 16 strategy have not been put into practice as they are not supporting the days of financial abundance of oil revenues,
and not to go towards building a secure infrastructure sponsoring and supporting institutions Iraqi economy and Iraq enter into agreements and contracts for the long - term aim of developing the oil industry, but the reality of the situation confirms the great damage they would have these contracts,
for example licensing rounds decades, a service contract? How to be a service contract and duration of 20 years? And given how the oil - producing fields , one of the most important fields of Iraq to foreign companies? And why Iraq has signed contracts was originally does not suffer at the time of under funding?
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
_firefly_ says():World Bank Approves $1.4b for Iraq
WB Approves $1.4b for IraqThursday, December 22, 2016
The World Bank announced an additional $1.5 billion aid package for Iraq, to help the war-torn country implement reforms, improve public services and boost its economy, AFP reported. The package includes loan guarantees from the UK for about $372 million, and from Canada for about $72 million.
"Despite an ongoing war and low oil prices, Iraq is undertaking bold transformational reforms that will safeguard economic stability and lay the foundations for longer term private sector development and inclusive growth for all Iraqis," said Ferid Belhaj, World Bank director for the Middle East.
The reforms also will help to expand social safety nets "to reach the most vulnerable segments of the population," he said in a statement. The bank also approved $41.5 million for a program to improve management of the country's public funds. With the new package, the World Bank engagement in Iraq rises to nearly $3.4 billion, including support for reconstruction of areas
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The below posts were in our 10pm Newsletter
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HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING
9 EST My Ladies
HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING AND WHY???
WHAT ARE WE SEEING TAKING PLACE AROUND THE GLOBE?
BELOW IS JUST A SMALL SAMPLING OF RE-DENOMINATIONS THAT ARE TAKING PLACE. WHAT IS THE COMMON DENOMINATOR PROBLEM AMONG THESE COUNTRIES?
www.youtube.com/watch
CALL 712-775-7035 AND THE PIN IS 637708#
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KTFA:
Molson88: Was I the only one who caught this line in the conference call last night?
Frank26: Quote" What is our time-study?
Dec 20th to Dec. 26th.
Today is Wednesday ... then Thursday ... nah.
But then there is Friday into Saturday ... Oh buddy
Then there is Sat into Sunday ... TA DA!
Again ... there will be no fanfare ... but you will be able to see the rate ... in any time zone after 2PM
I'd like to say that IOO ... the budget was signed ... and you're going to see the budget ACTIVE on December 31, 2016!!!!
This week is an interesting week."
Molson88: Specifically the bigger/boldened text above...I am not fishing for a date or rate or anything but it just struck me as peculiar that Frank would mention this (after 2pm in any time zone) and I have not seen it talked about yet...Maybe it isn't that important to even mention. Like I said, it struck me as peculiar that he would mention this, and I know he says and does everything with a purpose.
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The below posts were in our 6pm newsletter
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KTFA:
Don961: If Iraq has huge potential for the future .... then so do we ... IMO
World Bank: Iraq unable to repay his debt because he is one of the richest countries in the world
Baghdad -arac Press -21 December: World Bank description, Iraq "one of the richest countries in the world on the face of the earth."
Middle East director of the World Bank Farid Belhaj said that Iraq is "locked in a deep structural reforms and widespread at the same time, which is fighting a bloody war against the destructive power."
Belhadj said that Iraq's wealth from oil and gas constitute a solid guarantee for the repayment of loans. "
He pointed out that "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts" .anthy (1)
http://www.iraqpressagency.com/?p=226159&lang=ar
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday AM Chat
loop says():Saudi Arabia budget recorded a deficit of $ 63 billion
Business & Finance
Is scheduled to announce Arabia on Thursday its budget for the next year in 2017, in anticipation of the Saudi street about the new budget numbers, and be accompanied by economic decisions related to reduced government support, while indicating information were traded yesterday, that the new budget includes a program to provide support for people with income low and medium under the name «financial balance program».
According to Saudi media, it is expected to include next year's budget spending of 890 billion riyals, an increase of 6% from the initial estimate of spending in 2016, while likely to reach $ 651 billion riyals, up from 514 billion, which means a deficit of 239 billion riyals ( $ 63 billion).
An increase in government spending to strengthen the pace of GDP growth to reach 2% in 2017, compared with growth estimates of 1.7% this year.
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday AM Chat 12-22-16 Part 2 of
loop says():Who said this?? "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts."
subgirl says to loop():WB
subgirl says to loop():middle East Director
loop says to subgirl():Willy Bucannon
loop says to subgirl():Bingo ... Middle East director of the World Bank Farid Belhaj .... Whatever they're paying you double it!
subgirl says to loop()::D double nothing? lol
loop says to subgirl():(y) and loving it
subgirl says to loop():(lol)
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Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Thursday AM Chat 12-22-16 Part 1 of 3
loop says():Samir Nasiri: calls for economic media to be a competent and an observer and a contributor to economic reform
Business & Finance
Economy News / Baghdad ...He called an economist and banker Samir Nasiri to be economic media specialist and observers and accurate in the diagnosis of imbalance and economic problems and to be a real proposal squint authorities supervisory contributor and oversight and do not have flags simply directing criticism and accusations without invoking the sources and accurate information.
Alnasiri and pointed to an interview with Mr. Prime Minister Patarrkh 12/20/2016 at the weekly press conference to urge the media to be committed to the flags and the flags have supervisory and investigative to get into the wrong Malot and reliable sources for the purpose that the government learned of them for the purposes of processing and accounting.
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12/22/2016
TNT:
Carlosisan: Listen - after nine years of waiting, and expecting, and being told one thing and then it be something else, when this happens I wil be in total shock. I will take me a couple of days to realize that is ACTUALLY happened.
Rojo: When it happens it will probably be mass hysteria
Pearle: We are all anxious and want this to happen but we have to be professionals and not react so easily
Wrider22: rojo I don't think "mass hysteria" happened when the Kuwait dinar RVd
Readnow: Kuwait didn't have as many people involved, and they had not waited this long.
Briona: To me it seems the only way to have a smooth exchange process, would be with 800 #'s and exchange centers, otherwise all hell would break loose at the banks, when millions of Dinarians swarm on them to exchange.
Daz: IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.
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December 22, 2016 Mnt Goat News Brief
Hi Everyone,
I bring you much news today.
First let me say that I don't care who tells you otherwise or what ridiculous story they tell you to substantiate their claim. Read my lips - THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 - 1300 dinars to the US dollar. I will back up these statements today with FACTS as you read on in today news letter.
Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe.
If you can remember back before 2011 many of these same banks also exchanged dinar but then soon pulled away from this currency. So you first have to understand why they did this?
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KTFA:
RE:
Wed. Night KTFA Notes:
BACKDOC: I LIKE YOUR WINDOW FRANK. I'M WATCHING OIL VERY CLOSELY AND HAVE BEEN TRADING IT WITH PRECISION LATELY.
I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th!
I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR.
IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT?
SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18 th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS.
I'M GLAD ITS ALREADY SIGNED.
INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd!
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Copyright © 2016 - All Rights Reserved - DRT Distribution, LLC
DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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