[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: R: Re: R: R: Re: Stocks and futures



PureBytes Links

Trading Reference Links

Someone who knows him tells me he lives in Italy.
br

----- Original Message -----
From: nwinski <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, June 25, 2000 8:21 PM
Subject: [RT] Re: R: Re: R: R: Re: Stocks and futures


>
>
> Gram wrote:
>
> > Here: http://www.sark.net/~xott/sarkinfo.html
> > But where you live is only one part of it, you must also organize your
> > affairs properly.
>
> NW: Gram, thanks for the interesting info.  However, from what I gathered,
if
> you have a medical
> emergency, you are dead meat. Enjoying major theater or cultural events is
very
> unlikely without traveling to Paris or London.  Traveling anywhere in the
world
> is a major production, as you have to travel one hour by boat just to
connect to
> other boats to take you where you could get an airplane.  You can only
swim in
> your pool and then only for a few months before it gets cold. Sark sounds
quaint
> and cute, but what good is making more money via sans taxes if you can't
enjoy
> life's ementies?  Do you have to actually live there or do you just
establish
> residency and then live on a tropical isle?
>
> Cheers,
>
> Norman
>
>
>
> >
> >
> > -----Messaggio originale-----
> > Da: Eliot Kaplan <eliot@xxxxxxx>
> > A: <realtraders@xxxxxxxxxxxxxxx>RealTraders
<realtraders@xxxxxxxxxxxxxxx>
> > Data: 25/06/2000 19:31
> > Oggetto: [RT] Re: R: R: Re: Stocks and futures
> >
> > >Gram,
> > >
> > >Thanks for your response!
> > >
> > >I guess the next logical question is: Where (what country &
state/province)
> > >have you found that is so resident/income friendly that no taxes are
> > >required?
> > >
> > >My wife is Canadian, so I often ponder whether I could trade from there
> > with
> > >significantly less taxes.
> > >
> > >I could get residency through her, and have often considered Vancouver
and
> > >its environs a healthier alternative to Southern CA, which is where I
am
> > >now.
> > >
> > >The US with its ever increasing legal controls, taxes, pollution and
> > >overpopulation have certainly got me looking at a potentially quieter,
more
> > >hassle free existence across the border.
> > >
> > >If only winter weren't so extreme!
> > >
> > >Perhaps there are no "perfect" places?!
> > >
> > >So, where are you pray tell?
> > >
> > >Eliot
> > >
> > >
> > >
> > >
> > >Eliot Kaplan
> > >
> > >email: eliot@xxxxxxx
> > >web: www.isu.com
> > >
> > >^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
> > >
> > >
> > >> From: "Gram" <gramario@xxxxxx>
> > >> Reply-To: gramario@xxxxxx
> > >> Date: Sun, 25 Jun 2000 17:43:06 +0200
> > >> To: <realtraders@xxxxxxxxxxxxxxx>
> > >> Subject: [RT] R: R: Re: Stocks and futures
> > >>
> > >>
> > >> 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.
> > >>>>
> > >>>>
> > >>>>
> > >>>
> > >>>
> > >>>
> > >>
> > >>
> > >>
> > >
> > >
>
>
>