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Cyprus tax mess: If 6.7 billion euros is needed to secure the bailout, as it is the latest, that means a taxation of 19.1%.


Initial Cyprus deal : 5.8 billion euros by “taxing” 6.75% under 100k euros bank accounts and 9.9% over 100k euros accounts.

There are 371,000 bank accoutns in Cyprus, of them 361,000 under 100k euros and 10k over 100k euros.

6.75% + 9.9% = 16.65%.

6.75% out of 16.65% = 40%
9.9% out of 9.65% = 60%

In other words, out of the grand total of 5.8 bilion euros that Cyprus needed to secure 10 billions, 40% had to come from under 100k euros bank accounts, and 60% from over 100k euros bank accounts.

So, 2.32 billions euros from under 100k accounts and 3.48 billions from over 100k accounts.

There are 361,000 bank accounts under 100k, that will need to be taxed with a total of 2.32 billions, representing 6.75%.That means that the entire bank deposists under 100k have a cumulated total of about 34.3 billiion euros, or a medium size deposit of about 95,000 euros.

There are 10,000 accounts that have over 100k euros.They will need to be taxed with a total of 3.48 billions, representing 9.9%.That means that the entire bank deposits over 100k have a cumulated total of about 35 billion euros, or a medium size deposit of 3,5 million each.

Now, the above numebrs, while can be considered real for the deposists of over 100k euros, the ones for the deposists under 100k euros IS FAKE.

There is no way that the medium sized bank account under 100k euros to be 95k euros.That will mean that 95% of the depositors to have 99,999 euros and 5% under 1,000 euros…or everyone in Cyprus is filthy rich, and have between 90k and 99,9k in the bank.

Cyprus have 1,1 million habitants…and 361,000 bank accounts under 100k euros.

Someone is lying, badly, about this.

There is only one explanation : most deposists under 100k are NOT cypriot, but belong to, well, russian mafia, as they say, just splited in multiple accounts…or there are much more money in cypriots banks.

And this means one thing only : ALL BANK ACCOUNTS in Cypus will be stolen with some percentage.

If the money Cyprus need to secure the bailout will be taken entirely from over 100k accounts, that means that the 5.8 billion will be taken from the 35 billion that are the grand total of the bank accounts over 100k.

Which means a taxation (theft) of 16.5% on the 100k and bigger accounts.

If 6.7 billion, as it is the latest, that means a taxation of 19.1%.

 

Gregor Peter‏@L0gg0l5 h
RT @igeldard: #Cyprus bailout: President Nikos Anastasiades ‘warned friends to move money abroad’

  • Italian media said 4.5 billion euros left the island in the week before the crisis
  • Russia’s finance minister: Talks on new financial aid for Cyprus have failed
  • Cyprus: ‘Next few hours will determine the future of the country’
  • Russia has vast cash reserves in Cypriot banks
  • Mrs Merkel warned that Cyprus’ partners may soon ‘lose’
  • Italian media said 4.5 billion euros left the island in the week before the crisis

http://www.dailymail.co.uk/news/article-2297383/Cyprus-bailout-President-Nikos-Anastasiades-warned-friends-money-abroad.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

 

How The Crisis In Cyprus Spreads

 

http://www.businessinsider.com/how-the-crisis-in-cyprus-can-spread-2013-3

Business Insider‏@businessinsider1 min
Protesters Burn An EU Flag, As Cyprus Begins To Crumble Under The Tension

http://www.businessinsider.com/cyprus-protesters-burn-eu-flag-2013-3

BREAKING

 

recollector

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