gunDriller
16th September 2011, 06:13 AM
http://www.netcastdaily.com/broadcast/fsn2011-0915-1.mp3
"Mark Nestmann: The Coming Capital Controls
Increased reporting and a foreign asset tax on the way"
"Jim Puplava welcomes Mark Nestmann, president of the Nestmann Group Ltd. to discuss the likelihood of capital controls, dual passports, and if expatriation makes sense."
TAX ON UN-REALIZED GAINS ... worth learning about.
Right now the tax kicks in if you leave the country with $2 Million in Assets. It will be taxed at a rate of 30% of "Un-Realized Gains". That means if you don't have receipts on the purchases - the US gov. just takes 30%.
Anyway, CAPITAL CONTROLS ARE HERE, BIG-TIME.
Even if you're planning on staying put in the US of America (or is it the US of Israel ?), this webcast is worth listening to.
"Mark Nestmann: The Coming Capital Controls
Increased reporting and a foreign asset tax on the way"
"Jim Puplava welcomes Mark Nestmann, president of the Nestmann Group Ltd. to discuss the likelihood of capital controls, dual passports, and if expatriation makes sense."
TAX ON UN-REALIZED GAINS ... worth learning about.
Right now the tax kicks in if you leave the country with $2 Million in Assets. It will be taxed at a rate of 30% of "Un-Realized Gains". That means if you don't have receipts on the purchases - the US gov. just takes 30%.
Anyway, CAPITAL CONTROLS ARE HERE, BIG-TIME.
Even if you're planning on staying put in the US of America (or is it the US of Israel ?), this webcast is worth listening to.