[RT] Re: stop paying income taxes

[Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>]

We seem to have strayed away from the original issue, which is how to
pay less taxes on trading.

I always thought that the offshore entity technique dos not legally work
if you, the trader, are physically present in the US. The IRS would
expect you to pay taxes earned in the US, whatever your legal
jurisdiction.

Also, I was under the impression that US citizens are subject to US
taxes wherever they are in the world, for at least 10 years. In
exchange, they get the $70,000(is that the correct #?) exclusion and the
ability to offset local taxes against US taxes where an appropriate tax
treaty has been signed.

In other worlds, it is hard to cheat the taxman in the US, even when you
go abroad.

Regards
DanG