|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.2106.6"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000>Prima facie, 2 problems:</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>a. Dividends are paid as an "apportionment" of Profit After Tax;
which defeats your fundamental assumption.</DIV>
<DIV> </DIV>
<DIV>b. Dividends are also taxable into the hands of the recipient. As an IRA
holder, you would first receive dividend credit into your personal checking
account, pay tax at source, file your return, pay your IRA account, claim
deduction on net investment into IRA - which is post-income-tax dollars to your
corp; and in this case comes from post-dividend-tax dollars into your IRA.</DIV>
<DIV> </DIV>
<DIV>You and your IRA are not two separate legal entities; even though you may
declare yourself to be a Schedule S Corp and convince the tax man that your
"rent phones etc" is not a backhanded way of enhancing your quality of
life at the taxman's expense...</DIV>
<DIV> </DIV>
<DIV>Regards</DIV>
<DIV>Gitanshu</DIV></BODY></HTML>
</x-html>From ???@??? Fri May 29 14:21:04 1998
X-POP3-Rcpt: neal@xxxxxxxxx
Return-Path: <owner-realtraders@xxxxxxxxxxxxxx>
Received: from accessone.com (list.listserver.com [198.68.191.15])
by purebytes.com (8.8.4/8.8.4) with ESMTP
id OAA14540 for <neal@xxxxxxxxxxxxx>; Fri, 29 May 1998 14:06:41 -0700
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id OAA16530;
Fri, 29 May 1998 14:05:58 -0700 (PDT)
Received: from UPIMSSMTPUSR03 (smtp.email.msn.com [207.68.143.159])
by accessone.com (8.8.5/8.8.5/PIH) with ESMTP id OAA16199
for <realtraders@xxxxxxxxxxxxxx>; Fri, 29 May 1998 14:01:53 -0700 (PDT)
Received: from default - 153.37.135.101 by email.msn.com with Microsoft SMTPSVC;
Fri, 29 May 1998 14:01:17 -0700
Message-Id: <00a601bd8b45$5bc3ba00$65872599@xxxxxxx>
Date: Fri, 29 May 1998 17:04:22 -0400
Reply-To: onwingsofeagles@xxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Gitanshu Buch" <onwingsofeagles@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: tax man
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_00A2_01BD8B23.D394C320"
X-To: "RealTraders Discussion Group" <realtraders@xxxxxxxxxxxxxx>
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.2106.4
X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.2106.6"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000>Prima facie, 2 problems:</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>a. Dividends are paid as an "apportionment" of Profit After Tax;
which defeats your fundamental assumption.</DIV>
<DIV> </DIV>
<DIV>b. Dividends are also taxable into the hands of the recipient. As an IRA
holder, you would first receive dividend credit into your personal checking
account, pay tax at source, file your return, pay your IRA account, claim
deduction on net investment into IRA - which is post-income-tax dollars to your
corp; and in this case comes from post-dividend-tax dollars into your IRA.</DIV>
<DIV> </DIV>
<DIV>You and your IRA are not two separate legal entities; even though you may
declare yourself to be a Schedule S Corp and convince the tax man that your
"rent phones etc" is not a backhanded way of enhancing your quality of
life at the taxman's expense...</DIV>
<DIV> </DIV>
<DIV>Regards</DIV>
<DIV>Gitanshu</DIV></BODY></HTML>
</x-html>From ???@??? Fri May 29 14:21:06 1998
X-POP3-Rcpt: neal@xxxxxxxxx
Return-Path: <root@xxxxxxxxxxxxx>
Received: from mail1.halcyon.com (mail1.halcyon.com [206.63.63.40])
by purebytes.com (8.8.4/8.8.4) with ESMTP
id OAA14576 for <\neal@xxxxxxxxxxxxx>; Fri, 29 May 1998 14:09:11 -0700
Received: from smtp3.nwnexus.com (smtp3.nwnexus.com [206.63.63.41])
by mail1.halcyon.com (8.8.8/8.8.8) with ESMTP id OAA12894
for <neal@xxxxxxxxxxxxxxxx>; Fri, 29 May 1998 14:08:49 -0700 (PDT)
Received: from purebytes.com (root@xxxxxxxxxxxxx [204.182.116.218])
by smtp3.nwnexus.com (8.8.8/8.8.8) with ESMTP id OAA24207
for <neal@xxxxxxxxxxx>; Fri, 29 May 1998 14:08:48 -0700 (PDT)
Received: (from root@xxxxxxxxx)
by purebytes.com (8.8.4/8.8.4)
id OAA14561; Fri, 29 May 1998 14:09:03 -0700
Date: Fri, 29 May 1998 14:09:03 -0700
Message-Id: <199805292109.OAA14561@xxxxxxxxxxxxx>
From: PureWinner <purewinner@xxxxxxxxxxxxx>
Reply-to: PureWinner <purewinner@xxxxxxxxxxxxx>
To: trkfan@xxxxxxxxxxxxx, neal@xxxxxxxxxxx
Subject: PureStocks Winner - Almost!
Hello PureStocks Contestant,
Congratulations! You ALMOST won the daily prize...
Unfortunately there were others who also predicted
the trading action of the stocks below. And your
prediction for the DOW was not closest to the actual.
The closest DOW prediction was within 11 points.
Unfortunately, you don't win the daily prize. Very close
though, so do try again.
The markets on 05/29/98 acted as follows:
MSFT=Up NSCP=Up GE=Up FDX=Up GM=Up F=Up
Your predictions for 05/29/98 were:
MSFT=Up NSCP=Up GE=Up FDX=Up GM=Up WF
You are welcome to enter the competition again, go to
http://www.purebytes.com/cgi-bin/pb/purewin.cgi
Your entry was sponsored by:
OmniTrader... The Path to Trading Success
http://www.nirvsys.com/
-PureStocks Prize Admin.
--------------------------------------------------
PS. This message is only sent to those who entered our free
competition. If you receive this without entering, someone
has used your email address. Reply with a subject of "REMOVE"
if you do not wish to be on our email list.
|