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I don't want to pay tax

  • #141
  • Jan 30, 2007 5:27pm Jan 30, 2007 5:27pm
Quoting afemi94ce
I posted a link with the actual US Code. Read it for yourself, it's all right there. Or don't. I'm not making it up. I'm just telling you what's in the links you're too lazy to go read yourself.

AFF
Dude. Quit being a poser -- like you're some cool law breaking rebel who has all the secrets on how to thwart Uncle Sam.

The IRS is much smarter than you -- they hire guys that see all of this crap. They'd take you to court and take all your money regardless of what the Paperwork Reduction Act says -- GUARANTEED!

It'd be like on Happy Gilmore, when his Grandma loses her house... LOL.
Mr. Trend
  • #142
  • Jan 30, 2007 5:27pm Jan 30, 2007 5:27pm
I googled Venezuela. I found out that if you are from another country and earn your money from outside the country, you do not have to pay income taxes in Venezuela. There are already several million people from Europe, UK, and even the USA living there.
Warning, lack of trading is dangerous to your survival......
  • #143
  • Jan 30, 2007 5:40pm Jan 30, 2007 5:40pm
Quote
Don't try not to tell people that they don't have to pay if their 1040 form does not have an OMB Number.


The OMB number is not a frivolous issue here. The IRS and the DOJ are taking this issue very seriously, hence the case as linked by afemi94ce above being requested by the IRS and DOJ being dismissed with prejudice (that's serious).

Let's put the pieces of this together so everyone can understand that the Paperwork Reduction Act issue is more than just a "theory" or a "technicality".

The Paperwork Reduction Act was passed by Congress with the very intent of protecting we citizens from intrusive government questioning (such as is done with IRS 1040 forms).

Every branch of the federal government is required to adhere to the Office of Management and Budget guidelines under the Paperwork Reduction Act. Every document of informational request (i.e. 1040 forms) is required to have a valid OMB control number which can only be obtained if such documents meet certain criteria as outlined by the PRA.

One of those requirements is that those who are being requested the information of must be given the exact statute in law that requires them to supply the government with such information.

"The IRS Individual Form 1040 has not and cannot comply with the requirements of the PRA because no existing statute authorizes the IRS to impose or collect the federal income tax from individuals. That lack of bona fide authority makes it impossible for IRS to avoid violating the PRA."

EDITED TO ADD:

In Section 3512 of the Act, titled "Public Protection," it says that no person shall be subject to any penalty for failing to comply with an agency’s collection of information request (such as a 1040 form), if the request does not display a valid control number assigned by the Office of Management and Budget (OMB) in accordance with the requirements of the Act, or if the agency fails to inform the person who is to respond to the collection of information that he is not required to respond to the collection of information request unless it displays a valid control number.
Is your SL my TP?
  • #144
  • Jan 30, 2007 5:41pm Jan 30, 2007 5:41pm
[quote=afemi94ce;202707]Of course an accountant would laugh me out of the building. They make their living off the IRS.

Duh.

afemi94ce

My Accountant Firm makes their money from clients that use their services, not the I.R.S.
  • #145
  • Jan 30, 2007 5:45pm Jan 30, 2007 5:45pm
Mr Trend,

it is perfectly legal to arrange your affairs in a such a manner that favors you come tax time, as long as you do it legally. Corporations do it every hour of every day of every week.

Everything I have suggested falls perfectly within the purview of the law.

AFF
FOREX = 21st century alchemy.
  • #146
  • Edited 6:17pm Jan 30, 2007 5:48pm | Edited 6:17pm
And I'm sure they do a fine job of guiding you through the ins and outs of tax time, Tenn.

AFF
FOREX = 21st century alchemy.
  • #147
  • Jan 30, 2007 6:00pm Jan 30, 2007 6:00pm
Quoting william5
I googled Venezuela. I found out that if you are from another country and earn your money from outside the country, you do not have to pay income taxes in Venezuela. There are already several million people from Europe, UK, and even the USA living there.
that fine but the US says if that income is coming from the US then you are liable for US income tax how do you think they are shutting down all the sport books in Central/South America right now.

oh thats right picking them up at the airport even the ones that aren't US citizens. What's the charge you better ask Mr. Capone
  • #148
  • Jan 30, 2007 6:00pm Jan 30, 2007 6:00pm
To Everyone: If you so desire to follow the advice of any poster in this thread, PLEASE get a lawyer first.

To be honest, there isn't that many people here on this forum that actually make money, so it's easy to point out all of these loopholes when you ain't makin' JACK SQUAT, but when it comes down to it, if you actually ARE making money, are you going to risk your trading business income on (what I personally perceive as) technicalities, through which you will no doubt be dragged into a lengthy court battle?
Mr. Trend
  • #149
  • Jan 30, 2007 6:02pm Jan 30, 2007 6:02pm
Quoting WHTenn
My Accountant Firm makes their money from clients that use their services, not the I.R.S.
If it wasn't for the IRS, your accountant firm would have no clients.
Is your SL my TP?
  • #150
  • Edited 6:26pm Jan 30, 2007 6:04pm | Edited 6:26pm
You would have to be nuts to just follow the suggestion of some random poster like me without doing your diligence.

Please, do your diligence. Even better, educate yourself. The US Code is your friend.

AFF
FOREX = 21st century alchemy.
  • #151
  • Jan 30, 2007 6:08pm Jan 30, 2007 6:08pm
Quoting kenmania
If it wasn't for the IRS, your accountant firm would have no clients.
Actually incorrect... The I.R.S. could be abolished and I would still use an Accountant. As long as I paid taxes, an accountant will be needed. I own a business and my Accountant pays my employees.

Bad theory all together.
  • #152
  • Jan 30, 2007 6:10pm Jan 30, 2007 6:10pm
1. Move to Venezuela.
2. Get a Venezuelan wife and do not allow here to change her name.
3. Open an account with foreign firm ( other than Venezuelan ).
4. Make all trades in her account.
5. Never bring more than 600.00 back to US.

( Oh, Yeah to be really safe do not return to USA period...)


There is a way around everything.
Just look harder....

W.
Warning, lack of trading is dangerous to your survival......
  • #153
  • Jan 30, 2007 6:11pm Jan 30, 2007 6:11pm
I read through this thread with interest and not a little shame.

So many people having a little knees up and trying to figure out the best ways to pay less tax as though satan dreamed it up in order to poison apples.

As though the gibbering and the infirm and the old and the weak and the deprived are in sum total an unneccesary minus on an otherwise healthy bank balance.

All these teachers and doctors and nurses and fire fighters, pensioners, soldiers and policemen stealing your hard earned money like theives in the night must leave you with a sense of injustice greater even than that of Job.


And then the blathering about a fair tax, the same amount levied on all. As though America or any of the wider world is an equal partnership and its benefits handed out in fair proportion to each and all.

with wealth comes power and from power comes responsibility. You shouldn't be looking at your 40% tax and rueing the day. You should be thinking, how lucky, I earn so much money I am in this tax bracket.

Society has done me well, it is my duty to repay it in kind.
quote of the day: . It's like deja-vu all over again
  • #154
  • Jan 30, 2007 6:11pm Jan 30, 2007 6:11pm
Quoting afemi94ce
You would have to be nuts to just follow the advice some random poster like me without doing your diligence.

Please, do your diligence. Even better, educate yourself.

AFF
Due diligence is highly preferred to talking to most any lawyer. They're just like the accountants who will quote IRS propaganda (i.e. 1040 "instructions") without ever actually going to the only thing that counts which is statute. (THE LAW)
Is your SL my TP?
  • #155
  • Edited 6:34pm Jan 30, 2007 6:12pm | Edited 6:34pm
Quoting WHTenn
Actually incorrect... The I.R.S. could be abolished and I would still use an Accountant. As long as I paid taxes, an accountant will be needed. I own a business and my Accountant pays my employees.

Bad theory all together.
Comment removed with apologies for being rude.
Is your SL my TP?
  • #156
  • Jan 30, 2007 6:18pm Jan 30, 2007 6:18pm
Simple solution... Worry about it when you cross that road

I would hate to do a pole on account types right about now. not saying that I'm better than anyone but for micro or mini account to even yield you a tax problem in the next 10 years would require close to 1000% annual returns on your trading if not more.

First things first and don't say we'll see in six months LOL
  • #157
  • Jan 31, 2007 3:23am Jan 31, 2007 3:23am
I see alot of comments about income tax going to pay for a countries services. I would like to invite anyone who is interested in looking into the truth about central and fractional banking system, take the time (3.5hrs) to look at the money masters video.
http://video.google.com/videosearch?...+masters&hl=en
  • #158
  • Jan 31, 2007 4:06am Jan 31, 2007 4:06am
Quoting Gmak
I read through this thread with interest and not a little shame.

So many people having a little knees up and trying to figure out the best ways to pay less tax as though satan dreamed it up in order to poison apples.

As though the gibbering and the infirm and the old and the weak and the deprived are in sum total an unneccesary minus on an otherwise healthy bank balance.

All these teachers and doctors and nurses and fire fighters, pensioners, soldiers and policemen stealing your hard earned money like theives in the night must leave you with a sense of injustice greater even than that of Job.


And then the blathering about a fair tax, the same amount levied on all. As though America or any of the wider world is an equal partnership and its benefits handed out in fair proportion to each and all.

with wealth comes power and from power comes responsibility. You shouldn't be looking at your 40% tax and rueing the day. You should be thinking, how lucky, I earn so much money I am in this tax bracket.

Society has done me well, it is my duty to repay it in kind.
Wow, which world are you on?
Our federal income tax goes to teachers and firemen?? You are living in a parallel universe I think...
Out taxes just go to pay interest on national debt..Guess who owns that debt - the FED and international bankers.
  • #159
  • Jan 31, 2007 4:35am Jan 31, 2007 4:35am
Quoting Gmak
I read through this thread with interest and not a little shame.

So many people having a little knees up and trying to figure out the best ways to pay less tax as though satan dreamed it up in order to poison apples.

As though the gibbering and the infirm and the old and the weak and the deprived are in sum total an unneccesary minus on an otherwise healthy bank balance.

All these teachers and doctors and nurses and fire fighters, pensioners, soldiers and policemen stealing your hard earned money like theives in the night must leave you with a sense of injustice greater even than that of Job.


And then the blathering about a fair tax, the same amount levied on all. As though America or any of the wider world is an equal partnership and its benefits handed out in fair proportion to each and all.

with wealth comes power and from power comes responsibility. You shouldn't be looking at your 40% tax and rueing the day. You should be thinking, how lucky, I earn so much money I am in this tax bracket.

Society has done me well, it is my duty to repay it in kind.
If what you say true how come in Switzerland we have such a higher standard of living for a country that collects so little in tax from it's citizens? Over here if your wealthy you can just tell the government you want to pay the "slump tax" which allows you to make billlions a year in profit and only pay a tax at a fixed level of the value of your house/apartment you own or you rent. So your little rant just shows the lack of knowledge you have about how the US government spends your hard earned money. Also in Swiss we vote on everything as the only true democracy. We control the government they don't control us.
  • #160
  • Jan 31, 2007 4:57am Jan 31, 2007 4:57am
Quoting vlal21
If what you say true how come in Switzerland we have such a higher standard of living for a country that collects so little in tax from it's citizens? Over here if your wealthy you can just tell the government you want to pay the "slump tax" which allows you to make billlions a year in profit and only pay a tax at a fixed level of the value of your house/apartment you own or you rent. So your little rant just shows the lack of knowledge you have about how the US government spends your hard earned money. Also in Swiss we vote on everything as the only true democracy. We control the government they don't control us.
Can my family move in with you?
Is your SL my TP?
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