How are off-shore investments taxed?

OK. We're making money. By this time next year we'll be making A LOT of money. So the subject of taxes inevitably comes up. While these investments are off-shore and are not reported automatically to the IRS, I recommend a voluntary report each year. So then what? Well, I suppose these gains would be subject to the same rates as ordinary investments. Here's what Tom Herman said in the Wall Street Journal, Nov. 8, 2009.

"If Congress takes no action, the top rate on long-term capital gains will remain 15% in 2010, but will automatically rise to 20% in 2011. The top rate on dividends is scheduled to rise to 39.6% in 2011."

I am more than willing to pay 15-20% in taxes in order to support our country and avoid penalties. How about you? If things go well I'll be paying over $200,000 in taxes every year! 

I'm looking at an income progression to over $25,000 per week in June 2013. Won't you join me?

Felmina for a more traditional, CD-like, set it up and let it run for 9 months type investment.

Just Been Paid for a more liquid, hands-on type investment.

My money machine is a hybrid of the two. I have about $5,000 at work in Just Been Paid and $1,500 in Felmina. My first Felmina 180 cycle should end on approximately Jan. 15, 2013. At which point I should have at least $30,000. I will roll that over and max out at $250,000 sometime in June.

Meanwhile I am spinning interest out of Just Been Paid. I'm in this for income and wealth. My Just Been Paid income stream looks like this...

June 30, 2012            $1,160.98

July 31, 2012                $825.26

Aug. 31, 2012            $1,102.44

Sep. 30, 2012             $1,175.60

Oct. 31, 2012             $1,342.85

Nov. 30, 2012            $1,430.07

Dec. 31, 2012             $1,582.49

Notice that I am getting a raise every month after July. You see I live in the real world. And we needed some extra income because of vacation, birthday and shut down week in June/July. After that it's just a slow and steady increase.

Now there are many things which I cannot predict. I cannot predict commissions and restarts for example. My model does not account for these factors. But what I can do is make sure, given what I do know and can control that I am not killing the goose that laid the golden egg. You see right now in June I am taking out $20 plus remainder. On August I'll be taking out 30% plus remainder and will never exceed that ratio. I played with 65% 60% and 55% but they all drew down my account too fast. 70/30 gives me phenomenal growth and a nice growing income too. This may become a non-issue next April-June when my primary Felmina account peaks. That means my Felmina account reaches $250,000 and kicks out $5,000 per business day. Yeehaw. Until then I must try not to get too excited. Be patient. And just keep the faith.

Won't you join me? 

The future millionaire next door,

Programs
Just Been Paid http://adv.justbeenpaid.com/?r=quickdrawl&p=jsstripler5

and Felmina http://www.felmina.com/?ref=wardlaw

Payment Processors

Payza (AP) https://www.payza.com/?86MQHB0xE9qGaxRH5OQNkA%3d%3d
Solid Trust Pay (STP) https://solidtrustpay.com/index.php?r=114625747
Perfect Money (PM) https://perfectmoney.com/?ref=quickdrawl

 
Ward Hammond - Regional Rep
geo: Greer, South Carolina (USA)
cell: (864) 325-0277
skype: ward.hammond
email: ward.hammond@gmail.com
blog: http://worldprofitwp.blogspot.com/