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TG, Your comments are so bizarre and naive that they're not even worth
responding to. Suffice to say that they are simply your opinions --and you
are certainly entitled to them-- but you're on your own and obviously in
for a very rude awakening at some point in the future. No credible tax
attorney with any experience would give even a 5% vote of confidence to
your statements.
I assume that most people who subscribe to this List are way ahead of you
and not naive enough to buy into the scenarios that you suggest. I've
heard privately from some of them and, yes, there is a lot of snickering
going on in the wings. For those who might find themselves romanced by
TG's comments, do your own research before accepting even a shred of this
nonsense.
_______________________________________
At 10:29 AM 05/20/2000 -0700, you wrote:
> > At 03:06 AM 05/20/2000 -0700, tradergirl wrote:
> > I have a better idea for a lot of traders. Go offshore, start trading at
>$0
> > commission forex brokers, or other markets. Europe is full of electronic
> > operations, and there is no reporting to the IRS.
> > ________________________________________
>Legal obligation? I have now over $400,000 networth. If the IRS wants me,
>they can come get me, and you know where I will go? London, Tokyo, or
>Bangladesh, or whatever. I have NO LEGAL obligation to the IRS. They see
>it like this. I do not see their authority over me. I can effectively go
>off the radar of the IRS pretty fast.
>
>I only have two works to say to the IRS when they call my offshore banker,
>and so does he, and the first word starts with an F, and the second word
>starts with an O.
>
>They are unclassy, mafia-types, that will ruin my life if I don't pay (if I
>give them the chance)
>
>IS THIS FREEDOM??? is this the price we pay for it?
>I have a better price, it is called going for it, and getting my money
>offshore.
>
>Anyone want to know where my money is:
>
>IRS here you go:
>
>$290,000 in Credit Suisse
>$135,000 Bank of Scotland (Jersey UK)
>
>I asked my bankers if I ever have problems with taxes in the USA what they
>will do if the IRS contacts them. You know what there response was?
>IGNORE, or HANG UP.
>
>This is the power the IRS ACTUALLY has overseas, but they spread this
>garbage that if you transfer over $10,000 you get tagged. This is a fear
>tactic.
>
>If anyone wants to know why I am like this, it is because you get a lot of
>inner-power when you realize the IRS is nothing. It shifts your
>personality, and trading ability.
>
>If I ever get an IRS letter of audit, you know what I am doing?
>Transferring all my money offshore ASAP, and leaving the country a
>millionaire. I'll write a book from Switzerland, and publish it on the web.
>I can marry someone in Europe and dump my US passport if worse comes to
>worse, or I can hang out in the Bahamas till I die.
>
>Why not just do like i am doing? I am making money in the markets and
>transferring it all overseas. I have a good few years before any IRS audit
>would ever come to me. Also, when it is overseas and you have tax
>problems... you DO realize Swiss Bankers (CPA) will issue reports saying you
>LOST the money in a bad real estate transaction for a little fee.
>
>Is this illegal?
>
>NO! It is the way you have to deal with the IRS, the same guys who kick
>down doors, seize farms, seize your cars... if they play like this, then I
>am not playing fair either. Its war against them as far as I am
>concerned...
>
>Will I ever end up in the news?
>
>No. IRS is not as smart as everyone makes them to be.
>
>This concept that they can check bank accounts of US citizens who own Swiss
>accounts is a SCAM. My banker when I mentioned this, reacted like this:
>
>(humorous laughter) "This is very funny, it is propaganda, and has no basis
>in Swiss Banking"
>
> > Don't be naive -- it would be nice if the world were as simple and bubbly
> > as your comments suggest-- but the truth is that it is nowhere near that
> > simplistic...
> >
>Of course not. Make it sound difficult so everyone looks into setting up
>Nevada Corporations, or USVI corporations or maybe BVI, or whatever. Then
>getting an agent, and figuring out all the procedures, and and and...
>
>you know what I did?
>
>WIRE TRANSFER OUT OF THE COUNTRY
>
>DONE.
>=====
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