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Neither.
BTW in Italy, they pay well over 50% taxes, perhaps nearer 63% when all is
said and done.
Gram.
-----Messaggio originale-----
Da: Joe Frabosilio <joe6964@xxxxxxxx>
A: gramario@xxxxxx <gramario@xxxxxx>
Cc: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Data: 25/06/2000 18:04
Oggetto: Re: [RT] R: Re: R: R: Re: Stocks and futures
>Ok Gram,
>
> Italy or Spain????
>
>Joe Frabosilio
>
>Gram wrote:
>
>> Our Parliament decided around 1565 no to impose Income Tax on its
citizens.
>> But this is not the only solution. It merely legalises the individual
>> position. There are also various alternatives to avoiding tax.
>> Gram.
>> -----Messaggio originale-----
>> Da: Joe Frabosilio <joe6964@xxxxxxxx>
>> A: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
>> Cc: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
>> Data: 25/06/2000 17:46
>> Oggetto: [RT] Re: R: R: Re: Stocks and futures
>>
>> >Gram,
>> >
>> >What country do you live in? Don't they have a tax system? This is not
a
>> joke,
>> >just interested.
>> >
>> >TradeWell,
>> >Joe Frabosilio
>> >
>> >Gram wrote:
>> >
>> >> 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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