Question: “Will the dinar be taxed as capital gain or ordinary income?” I always say to you that our government is not going to let you get away with anything. Our government is not going to say, ‘Oh, forget the taxes? You bet. no problem.‘ This is a major event. Our government knows very well. Probably they know how many American citizens have Iraqi dinars. You don’t think they want to collect it? 87,000 IRS agents? I told you they would come after you long before they announced that. I told you…yes it will be taxed up the wazoo. [NOTE: Consult your tax professionals to determine the best tax strategies and correct taxes for your unique circumstances.]
