The IQD rate only has to increase to .15 cents…for a $150,000 profit on one million dinars. The wealthy never ever spend…the foundation of their wealth. In your case this would be the profits from your Iraqi dinars…Wealthy people invest their initial profits. The [first] person they hire is a financial advisor. The second person they hire is a tax professional (that’s me) to make sure Uncle Sam doesn’t get large sums of their money. If you do anything else you are in the fast lane to going broke. [Note: Consult your tax advisor at the appropriate time to be sure you pay the right amount of taxes for you unique situation.]
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