“Advice on Currency Taxation” by Chow – 8.9.21

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Entry Submitted by Chow at 7:20 PM EDT on August 9, 2021

Once again , this is my opinion so please consider the comments by thoughts only , think through my words.

Fellow Currency holders – It has been said once again plan to pay tax as the current/past. Yes , always plan for the worse , but in my opinion do not pay any tax until it is officially due knowing what is coming –  what appears very short days/weeks away

What I really get upset about is when Guru comments “leave out very important info that could cost you $10,000’s of $1,000 to millions in fees” .

Once again in my opinion , based on the comments I read today , they encourage you to find a qualified tax adviser . Qualified , what is qualified . Qualified with the current law?? I have found short of every CPA I know and even my son (and firm) that is a wealth manager specializing in very , very high net work clients, have no clue what is going down . Add in one of my dear friends broker called me in disbelief , other than his big ego , he stated he had connections all over the world and he would have known  ?? Why ? They don’t want to take the time or even if they did know , they would not know tax planning will be going away Federally and a good chance state as well , short selling gone and more  .

Bottom line when someone  suggest a good tax adviser , “ASK” the tax advisor

  • What do you think the “Max’ federal Tax bracket will be 2022 ??
  • What do you think the “Max” estate Tax bracket will be in 2022 ??
  • What do you think the “Max gift Tax bracket will be in 2022 ??
  • “Are you aware the Federal Reserve and IRS have been closed down or finishing the process and will be rolled into the Treasury soon ??”

The 1st 3 are the real questions — You probably only have to ask 1 of the 3 and you will know they have no clue how to plan for you

Be careful – Investment advisors could put you in tax free investments ultimately costing you money without the true facts of the Great Awakening

CPA advisors could also follow suit – spend $10’s of $1,000 that was justified in the present, but $10’s of $1,000’s less if they knew

  • No Federal Tax is coming
  • No Capital Gains is coming
  • No Estate tax is coming No gift tax is coming

Estate tax planning Law firms will not be obsolete , but severally hurt – They want the $50,000 minimum fee , $100,000 fee , $1 million +++++ fees for the Fortune 100/500

Remember once again – there are 2 distinct cause and effects happening

  • The Great Awakening – Going back on the Gold standard a staggering amount of other moving parts
  • The Global Financial Reset with 23 +/- countries setting the stage in the 1st bundle  – Currency RV

Our New Future will be confirmed in very short days / weeks will confirm what is coming making the past Tax / Investment planning completely obsolete

Be careful , Be Safe , God Bless Chow

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