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When did you start trading full time?

  • #21
  • May 8, 2020 1:01pm May 8, 2020 1:01pm
Quoting Dzap
If you are in the USA i would suggest maintaining your career for the sole reason of health coverage... You really want to be in the 1% before you are dealing with fronting your own healthcare. I would go full time much sooner in a different country Truely fucked but what can you do edit: I see you are in the UK, lucky bastard
Would you rather pay 100% more income tax than your current one?
And pay 20% more on every single thing you buy, for universal healthcare, and on top of that have your healthcare quality be much much worse than what you have now. What would you rather pick?
  • #22
  • May 9, 2020 5:34am May 9, 2020 5:34am
Quoting W1llbam
{quote} Would you rather pay 100% more income tax than your current one? And pay 20% more on every single thing you buy, for universal healthcare, and on top of that have your healthcare quality be much much worse than what you have now. What would you rather pick?
Is that how it is where you are from?
  • #23
  • May 9, 2020 8:20am May 9, 2020 8:20am
Quoting akamrp
{quote} Is that how it is where you are from?
Oh no that’s just UK where i’m from it’s much much worse.. hence US is much more favorable
  • #24
  • May 9, 2020 4:09pm May 9, 2020 4:09pm
Quoting W1llbam
{quote} Oh no that’s just UK where i’m from it’s much much worse.. hence US is much more favorable

Oh, in the UK we have spreadbetting, which is 100% tax free
  • #25
  • May 10, 2020 2:14am May 10, 2020 2:14am
Quoting akamrp
{quote} Oh, in the UK we have spreadbetting, which is 100% tax free
No, only if it’s less than 50% of your income otherwise it goes under normal Capital gains tax.
  • #26
  • May 10, 2020 4:12pm May 10, 2020 4:12pm
Quoting W1llbam
{quote} No, only if it’s less than 50% of your income otherwise it goes under normal Capital gains tax.
Not sure where you got that, but certainly not HMRC's stance:
https://www.gov.uk/hmrc-internal-man...anual/bim22017
  • #27
  • May 10, 2020 6:04pm May 10, 2020 6:04pm
Quoting triphop
{quote} Not sure where you got that, but certainly not HMRC's stance: https://www.gov.uk/hmrc-internal-man...anual/bim22017

So what i said was right then? 100% tax free?
  • #28
  • May 11, 2020 11:39am May 11, 2020 11:39am
Quoting akamrp
{quote} So what i said was right then? 100% tax free?
absolutely you are
  • #29
  • May 12, 2020 2:52am May 12, 2020 2:52am
I think 2 - 3 years ago.
  • #30
  • May 15, 2020 1:34pm May 15, 2020 1:34pm
Quoting W1llbam
{quote} Would you rather pay 100% more income tax than your current one? And pay 20% more on every single thing you buy, for universal healthcare, and on top of that have your healthcare quality be much much worse than what you have now. What would you rather pick?
Healthcare quality doesn't mean anything if people don't have access. Ever heard of out-of-network health coverage? I have very high quality insurance, but am out of my providers "region", therefore i am not covered without travelling. So basically i don't have healthcare even though i pay for it. This is one of the many scams that is private American healthcare.

So to answer your original question. Yes, i would pay more income tax.
its just a script. join the club
  • #31
  • May 16, 2020 7:06am May 16, 2020 7:06am
I think so. But is this good for the new traders???
  • #32
  • Last Post: May 20, 2020 3:07am May 20, 2020 3:07am
32 out of 33 developed countries have opted for universal healthcare because it lowers the overall healthcare costs.
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