Entry Submitted by Chow at 12:04 PM EST on December 8, 2021
The following is my opinion only:
There is a lot of confusion/miss information what is or could be taxed when an exchange accrues or shortly after.
1st most agree there will be no tax taken out at the exchange , they are not playing tax man.
Where things get confusing is when you look at or use current tax planning rules.
1st you need to understand what types of tax that might apply to us/you
* Tax on Ordinary income from interest or work
* Tax on capital gains tax if you hold your investment over a year
* Tax on bonds, dividends
* Tax on large estates as many of us will fall under called Estate Transfer Tax to our Errors / Families
* Tax on large gifts to errors / family — this will apply to most of us
As I have said in the past , if you truly believe in what is coming – NESARA / GESARA -there will be no federal tax on most if not all the above. The whole principle of NESARA is going on the gold backed standard like we were 100 years ago – no federal tax. YES confirm State tax, but state tax in my opinion will go by by or drastically reduced under NESARA as well. Tax was / is evil under NESARA like 100 years ago.
What about charitable gift planning. In the past, if there was a potential large income / capital gains tax, people considered charitable gifts with fixed or life-time income – it looked attractive to many. Charitable planning as we know it as of todays rules will not apply under NESARA. You will be potentially losing 40-50% more under NESARA with no Federal Tax if you jump into a charitable trust plan. Again if you believe there is an RV combined with NESARA as I, there is no ordinary Federal taxation, capital gains tax, gift tax or estate transfer tax – Don’t give away 100% of an asset amount when there is no tax arbitrage (no tax savings).
Conclusion – before you make any tax planning moves based on an advisors advise, I highly recommend chatting with a tax advisor that knows what is happening. Think about it – if tax planning is going away, there business will at the same time. That is why in my experience 99.9% of the tax advisors have no clue unless they have currency and are dialed in what NESARA is all about. It will be challenging to find the educated NESARA advisor early on. Do your best to get intel info, talk to like currency folks.
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