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Hi Eliot,
I apologise for the fact that some people perhaps do not realise that I
neither live nor operate from or within the US.
I long ago decided that these costs had to be dealt with in order to be free
from some encumberances. I made my plan (much as most of us do when
trading), and then took steps to nurse and guide it to fruition.
I have no interest in the IRS or any other institution and there is no
reason why they should an interest in me..
I am not a "declared tax free" as you put it; my position is perfectly
legal.
As to your question:
"Do you not get audited and harassed by the IRS? There might be a few
significant time, energy, and dollar costs in that, no?"
The answer is, "No, I do not get audited nor harassed by anyone. Hence,
there are no significant costs (whether they be of a time, energy, or a
dollar nature)."
Gram,
>Are you just not paying taxes?
>
>I presume this means you are among the folks who believe you do not need to
>pay, that the Constitution or whatever "asks" for contributions but does
not
>and doesn't have the right to "demand" them. Is this so?
>
>I've heard of the "declared tax free', but, like many, I'm sure, have a
hard
>time believing that just not paying would work, and not cause significant
>problems.
>
>Want to enlighten us on what you mean? And how long you've done it
>successfully.
>
>Your point about other trading costs being insignificant in relation to
>taxes is clearly so, but I'm sure many of us have a hard time with the idea
>we can just walk away from taxes with no governmental recourse.
>
>Do you not get audited and harassed by the IRS? There might be a few
>significant time, energy, and dollar costs in that, no?
>
>Just an interested citizen, and I apologize to the list that this inquiry
is
>perhaps off topic.
>
>Eliot
>
>
>Eliot Kaplan
>
>email: eliot@xxxxxxx
>web: www.isu.com
>
>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>
>
>> From: "Gram" <gramario@xxxxxx>
>> Reply-To: gramario@xxxxxx
>> Date: Sun, 25 Jun 2000 07:39:18 +0200
>> To: <realtraders@xxxxxxxxxxxxxxx>
>> Subject: [RT] R: Re: Stocks and futures
>>
>> So many people spend time comparing brokers commissions, data feeds, etc.
>> which do indeed eat into their trading profits. But instead of
concentrating
>> solely on trading costs, look at it the other way for a moment: eliminate
>> all tax, all accountants, all paperwork, inheritance taxes, Capital Gains
>> and all corporate taxes and see what this does to your trading P&L.
>> Try thinking of it as $1 earned = $1 kept. It is much easier to become a
>> millionaire this way.
>> If you save 30+% a year on such costs, the choice between CQG or
Quote.com
>> becomes easier. You choose the best there is for your needs!
>> Just an idea.
>> Gram.
>>
>>
>>
>
>
>
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