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Ok, all of us have some aspects of our trading business and personal
lives which we feel are private. Gram has been around the list for quite
a while and I've seen nothing which leads me to suspend my sense of
belief when he posts something. Lets just assume that there may be some
private circumstances involved here which Gram does not feel are
appropriate for discussion and move on. Sark seems to lack a golf course
(though not much else which I would find important) and I don't plan on
renouncing my US citizenship to live there. Thus, I find I can live
without the gory details. The Feds (all branches) have certainly got
their collective noses everywhere and are unlikely to miss finding
anything which is taxable.
Earl
----- Original Message -----
From: "The Doctor" <droex@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, June 25, 2000 1:57 PM
Subject: [RT] Re: R: Re: R: R: R: R: Re: R: R: Re: Stocks and futures
> Earl,
>
> I'm not above rudeness .. although I appreciate the comment. The guy
is
> simply a liar and the story changes minute by minute.
>
>
>
> Earl Adamy wrote:
>
> > I think that many of us are under the impression that profits earned
in
> > the US, via trading or otherwise, are subject to US Federal income
tax.
> > In order to insure that prospective payers who own/trade assets
through
> > US brokers, the Federal Government requires non-US residents (and US
> > taxpayers not in good standing) to be relieved of 20% of their
earnings.
> > New account forms from all US securities brokers for trading in all
US
> > markets routinely include provision for taxation with the default
being
> > 20% withholding. The Doctor is generally above rudeness, however
your
> > particular situation seems to have escaped his sense of belief.
> >
> > Earl
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