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What about the savings from all the IRS employees, and we could give all the
IRS computers to the schools !
count me in.
Steve
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, March 09, 1999 8:18 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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