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Talk about an oxymoron (a long one): "a tax system ....where our liberties
would be restored"
Sounds more like a nightmare than a dream.
So put up with the concern with taxes. Some of us would like to see a lot
more than saving
paperwork. Like cutting to the bone.
The first right of claim to anything earned goes to the one who earns it.
Everything else is charity
or thievery.
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, March 09, 1999 7:19 PM
Subject: Re: Trust accounts, tax time dreams
>RT's,
>
>Wouldn't it be nice if we didn't feel like running to a tax haven. As
>traders we face greater tax challenges then most average Americans. We
>accept greater risks and are rewarded with greater reporting burdens as are
>most businessmen.
>
>I have a dream. That being of a tax system where all Americans would not be
>considered as those likely to defraud or cheat the government, where our
>liberty could be restored and we would not be required to report all the
>details of our life to the tax man. I would happily and patriotically pay
my
>fair and reasonable share of taxes. I think that most Americans would do
>likewise if given the opportunity. Something simple enough for all to
>understand. Say for example a 10% sales tax on all sales transactions no
>mater what level of sale, whether retail, wholesale etc. 5% goes to the
Fed,
>3% to the state and 2% to the local and no other taxes, not property,
>estate, luxury, etc. etc. etc. etc. The saving in paper work alone would be
>unfathomable and banks could set up accounts so that the tax could be
>deposited daily (frequently) into a tax account.
>
>Relieved of that burden would even make me a better trader I think.
Pleasant
>dreams.
>
>Brent
>
>-----Original Message-----
>From: John Cappello <jvc689@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Tuesday, March 09, 1999 3:42 PM
>Subject: GEN: Trust accounts
>
>
>>Dear Zaheer and Group,
>>
>>I have been checking into this for 2 years.As long as you are a US
>>citizen and direcly or indirectly control the trading accounts it is
>>no tax haven.The US paper work is quite clear and you have to lie to
>>make it work.
>>
>>US legislation has been passed to further crack down on this area.
>>
>>Be careful.Even posting one's intent to a group could target you if
>>someone wanted to be mean.
>>
>>John
>>
>>
>>
>>------------------ Reply Separator --------------------
>>Originally From: Zaheer Bhyat <zaheer@xxxxxxxxx>
>>Subject: GEN: Trust accounts
>>Date: 03/09/1999 04:19pm
>>
>>
>>Dear RT's,
>>
>>I want to set up a trust account in a tax haven eg. Cayman islands,
>>BVI's
>>etc. I would appreciate any insight in to doing this that anyone would
>>like
>>to share, also would appreciate any experiences and contacts.
>>
>>Thanks for your help
>>Zaheer
>>
>>
>>
>
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