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Tax Codes and Bank Policies Can Unpin IQD Investor Profits
No one is trying to cheat the IRS or any government tax agency. Intelligent people understand the value of paying taxes and having a normalized society which is paid for by taxes.
The problem is WHEN you pay the taxes, and HOW the IRS acquires the tax liability from you.
Example:
The Iraqi Dinar or one of the other exotic currencies we follow, revalues, floats or increases in value against the US dollar. You exchange the money at a regulated exchange service, you then go to the bank to deposit the funds into your bank account.
You already have a plan in place to invest your profits to create an ongoing monthly income for yourself and your family.
You need ALL of your profits to make your plan work, of course you will set aside a set amount for taxes. Based on your tax professional’s advice you will set aside 15% of your total profits for taxes. Perhaps this may not be enough, however, if your tax professional has crunched the numbers and understands your investment plans, it may be more than enough.
When you get to the bank, the bank insists on holding up to 25% of all said monies for tax purposes. Why? Because it may be the bank’s policy.
