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Would you renounce your citizenship to pay less tax?

  • #121
  • Edited 7:26am Sep 6, 2018 6:39am | Edited 7:26am
Quoting SunTrader
Giving up his US citizenship helped an entrepreneur become one of Thailand's richest men https://www.cnbc.com/2018/09/05/bill-heinecke-gave-up-us-citizenship-to-become-a-thailand-billionaire.html
that was a good read. He obviously got sick oof the ridiculous taxes, while not really enjoying the benefit which is unrestricted entry to the US...dont blame him.

but have a look, try and find a billionaire retail forex trader, not a chance. hedge fund or bricks and mortar, only way forward after a few millions
  • #122
  • Sep 6, 2018 6:51am Sep 6, 2018 6:51am
Quoting richyRich27
{quote} that was a good read. He obviously got sick oof the ridiculous taxes, while not really enjoying the benefit which is unrestricted entry to the US...dont blame him. but have a look, try and find a billionaire retail forex trader, not a chance. hedge fund or bricks and mortar, only way after a few millions

That's because nobody who's made profit in millions have gone down the road of sitting in their pj's trading from a home office. They all tend to open up funds or other businesses.
  • #123
  • Sep 6, 2018 7:06am Sep 6, 2018 7:06am
Quoting EcoTrader
{quote} Tax funds infrastructure and services, without it we would all be living in the wild west.
Eco mate you've had quite a scrappy week on FF Way to make friends and influence people. Take a pill buddy.
  • #124
  • Sep 6, 2018 7:09am Sep 6, 2018 7:09am
Quoting EcoTrader
{quote} Tax funds infrastructure and services, without it we would all be living in the wild west.

Xunzi writes:

''[A ruler] who pays attention only to the collection of taxes will be lost. Thus, a king enriches his people, a dictator enriches his soldiers, a state that is barely managing to survive enriches its high officers, and a doomed state enriches only its coffers and stuffs its storehouses. But if its coffers are heaped up and its storehouses full, while its people are impoverished, this is what is called to overflow at the top but dry up at the bottom.''
  • #125
  • Sep 6, 2018 7:25am Sep 6, 2018 7:25am
Quoting Macdon
{quote}Only a gullible fool of the highest order wants to pay any tax and an even greater fool to pay *more* tax. Paying tax is an enslavement process.
An even greater fool thinks paying tax is slavery.
  • #126
  • Sep 6, 2018 7:45am Sep 6, 2018 7:45am
Quoting raklian
{quote} An even greater fool thinks paying tax is slavery.
How can you run a high profit trading business and NOT consider that hand in your pocket each year. Nobody is complaining about giving back to the community, but if you live in one of the 5 eyes countries...your "money in your pocket" tax is through the roof. Perfectly reasonable to consider options. Nothing wrong with it. Even the government itself recognises the need for territorial taxes (apart from our US friends)

I would say its the trader that does NOT complain about tav is probably trading in a tax bracket where he pays $2k per year.
  • #127
  • Sep 6, 2018 7:50am Sep 6, 2018 7:50am
Quoting richyRich27
{quote} Eco mate you've had quite a scrappy week on FF Way to make friends and influence people. Take a pill buddy.
You mean dealing with the morons who through their inability to trade, are taking out their anger on me is a problem? Shall I bow down and start sucking then?

This was simply a comment I made with absolutely no reference to anyone in any insulting way. I really don't see why I need to chillout.
  • #128
  • Sep 6, 2018 7:58am Sep 6, 2018 7:58am
Quoting richyRich27
{quote} Nobody is complaining about giving back to the community.
That's the thing. Paying taxes is giving back to the community. They are one and the same.
  • #129
  • Sep 6, 2018 8:10am Sep 6, 2018 8:10am
Quoting raklian
{quote} An even greater fool thinks paying tax is slavery.

SJW, I see we have here, hmmm.
Learn, a forex trader must, unlearn and relearn he will.
  • #130
  • Sep 6, 2018 8:11am Sep 6, 2018 8:11am
Quoting richyRich27
{quote} How can you run a high profit trading business and NOT consider that hand in your pocket each year. Nobody is complaining about giving back to the community, but if you live in one of the 5 eyes countries...your "money in your pocket" tax is through the roof. Perfectly reasonable to consider options. Nothing wrong with it. Even the government itself recognises the need for territorial taxes (apart from our US friends) I would say its the trader that does NOT complain about tav is probably trading in a tax bracket where he pays $2k per year....

So what you are saying is you want the ability to generate income and not hand some of it over to the taxman.
  • #131
  • Sep 6, 2018 8:17am Sep 6, 2018 8:17am
Quoting EcoTrader
{quote} So what you are saying is you want the ability to generate income and not hand some of it over to the taxman.
Actually, what I want is enough money to cover my nut in old age, because those rorting cronies in the house will see to it that me and moine starve, while they and theres get fat. In fact we got a new prez recently, I didnt even get to vote for Sco Mo, in fact the last 4 were all just positioned without anyones consent. fuck you communists.
  • #132
  • Sep 6, 2018 8:20am Sep 6, 2018 8:20am
Quoting COGSx86
{quote} SJW, I see we have here, hmmm.
he doesnt know where he is. the shark tank is scary.
  • #133
  • Sep 6, 2018 8:24am Sep 6, 2018 8:24am
Quoting EcoTrader
{quote} You mean dealing with the morons who through their inability to trade, are taking out their anger on me is a problem? Shall I bow down and start sucking then? This was simply a comment I made with absolutely no reference to anyone in any insulting way. I really don't see why I need to chillout.
No mate you should NEVER suck it...EVER.

Try to get to that place where you're never asked.
  • #134
  • Sep 6, 2018 8:24am Sep 6, 2018 8:24am
Quoting richyRich27
{quote} Actually, what I want is enough money to cover my nut in old age, because those rorting cronies in the house will see to it that me and moine starve, while they and theres get fat. In fact we got a new prez recently, I didnt even get to vote for Sco Mo, in fact the last 4 were all just positioned without anyones consent. fuck you communists.

The only thing in life that is a certainty is tax and death. In your old age you want to enjoy the fruits of life well who do you think is going to pay for the infrastructure and services you use. Tax is generally proportionate to your earnings with high networth individuals paying more. You want to be a high net worth but you don't want to pay your share. I recommend you move to a tax haven then where the cost of living is sky high and property, if you can get it, goes for millions. That way you can coin a lot of money while not worrying about the tax man .
  • #135
  • Edited 9:05am Sep 6, 2018 8:39am | Edited 9:05am
Quoting EcoTrader
{quote}I recommend you move to a tax haven then where the cost of living is sky high and property, if you can get it, goes for millions. That way you can coin a lot of money while not worrying...
I dont need a tax haven, territorial tax law allows me the LEGAL right to reside anywhere I want while keeping my passport. Singapore here I come...or Macau. If Macau is good enough for James Packer...good enough for me.

And as if Id spend most of my time in boring singapore, Id just maintain domicile there, while going to bali, thailand and europe. had enough of this bogan shithole au.
  • #136
  • Sep 6, 2018 10:33am Sep 6, 2018 10:33am
Quoting lemercenaire
{quote} Xunzi writes: ''[A ruler] who pays attention only to the collection of taxes will be lost. Thus, a king enriches his people, a dictator enriches his soldiers, a state that is barely managing to survive enriches its high officers, and a doomed state enriches only its coffers and stuffs its storehouses. But if its coffers are heaped up and its storehouses full, while its people are impoverished, this is what is called to overflow at the top but dry up at the bottom.''
Nice, Mencius wrote:

Collect rent in the markets but no tax, or enforce laws but collect no rent - then every merchant throughout all beneath Heaven will rejoice and long to trade in your markets. Conduct inspections at the border but collect no tax - then every traveler throughout all beneath Heaven will rejoice and long to travel your roads. Have farmers help with public fields but collect no tax - then every farmer in all beneath Heaven will rejoice and long to work your land. Don't demand tributes in cloth from families and villages - then people throughout all beneath Heaven will rejoice and long to become your subjects. (3.5)
  • #137
  • Sep 6, 2018 10:56am Sep 6, 2018 10:56am
Quoting richyRich27
{quote} Nice, Mencius wrote: Collect rent in the markets but no tax, or enforce laws but collect no rent - then every merchant throughout all beneath Heaven will rejoice and long to trade in your markets. Conduct inspections at the border but collect no tax - then every traveler throughout all beneath Heaven will rejoice and long to travel your roads. Have farmers help with public fields but collect no tax - then every farmer in all beneath Heaven will rejoice and long to work your land. Don't demand tributes in cloth from[/highlight]...
For those who like pictures with their words.

https://www.youtube.com/watch?v=N9yX248DC3k
  • #138
  • Last Post: Sep 6, 2018 11:09am Sep 6, 2018 11:09am
Keep in mind, a strong trader doesnt want to change the world. Im not gonna join the tea party and sit in a tent outside some snickering government authority. Us strong traders look for the path of peaceful least resistance to get paid. Thats all. I personally have no high minded ideals about how my homeland handles its people. I just prefer a better deal.

There is no V for Vendetta Anonymous mask sitting in my closet and never will...couldnt care less about challenging the establishment.

(but I sure as shit love to chew bubblegum and kick ass)
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