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  • #201
  • Jul 20, 2009 7:00am Jul 20, 2009 7:00am
Why of all the talk of taxes. You can't expect to live anywhere for free. City and government resources are not cheap nor free. Taxes are just part of the deal in living in your ideal habitat.
  • #202
  • Jul 20, 2009 7:05am Jul 20, 2009 7:05am
Quoting Jhig
Why of all the talk of taxes. You can't expect to live anywhere for free. City and government resources are not cheap nor free. Taxes are just part of the deal in living in your ideal habitat.

Saving a few percentage points on paying taxes makes a

HUGE

Difference.


Taxes are more important than a stop loss.
Just Trade It
  • #203
  • Jul 20, 2009 7:49am Jul 20, 2009 7:49am
True. I'll agree with you on that point. Paying taxes is just part of the deal. I'm all for lowering taxes or living ins a lower tax bracket country but in the end I do expect to pay something for goverment services and assistance.

I would overpay in taxes if I can get a safe, clean, managable city to reside. If you think about it, the cities and countries with the highest taxes are the most ideal ones. Clean communities, very low crime rate, rich/moderate or extreme people of wealth, best schools, etc... I'm sure none of us are trading with the hopes of living a ghetto life. We traders want the best and should expect to pay for the best.
  • #204
  • Jul 20, 2009 7:54am Jul 20, 2009 7:54am
Quoting Big Wave Rider


Taxes are more important than a stop loss.
Actually, I am surprised that trading-related taxes are not discussed more often on FF. I am thinking that, given the way trading earnings are taxed in the US, I need to plan on giving up a large chunk of my daytrading gross (up to 40%?) to the tax man. I am still learning about this & someone please let me know if I am wrong. But, yes, obviously, unless you plan on flying under the radar, what you pay in taxes relative to where you live is a huge big deal...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #205
  • Jul 20, 2009 8:06am Jul 20, 2009 8:06am
Quoting Jhig
I would overpay in taxes if I can get a safe, clean, managable city to reside. If you think about it, the cities and countries with the highest taxes are the most ideal ones. Clean communities, very low crime rate, rich/moderate or extreme people of wealth, best schools, etc... I'm sure none of us are trading with the hopes of living a ghetto life. We traders want the best and should expect to pay for the best.
Hear here. I am heartened to find a Texan with progressive views on taxation.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #206
  • Jul 20, 2009 8:21am Jul 20, 2009 8:21am
Quoting Jhig
True. I'll agree with you on that point. Paying taxes is just part of the deal. I'm all for lowering taxes or living ins a lower tax bracket country but in the end I do expect to pay something for goverment services and assistance.

I would overpay in taxes if I can get a safe, clean, managable city to reside. If you think about it, the cities and countries with the highest taxes are the most ideal ones. Clean communities, very low crime rate, rich/moderate or extreme people of wealth, best schools, etc... I'm sure none of us are trading with the...

i don't agree. people should pay taxes but just pay your dues. what people want is 2 lower the taxes they pay if they can. it's not a crime and if you can do it legally, why not?? also, if you live in a well known corrupt country. then why pay taxes?? so that corrupt politicians can take their cut. make some laws to screw you furthermore and take more from you legally?? just to line their pockets!!

uk's tax rate is quite high but is london it's capital safe?? in terms of crime rate. socialist and welfare states r well known 2 have high taxes. r they safe n have low crime rates??

for americans, u better take a watch n see attitude. especially on the u.s goverment vs ubs case. this case will have a huge impact on americans who keep their assets offshores. obama needs money, alot of it to pay 4 his promises. also to lower americans debt obligations to the rest of the world. he is targetting this segment of americans who goes offshore to avoid taxes. watch out!!!

it's also ironic. in this world that we live in. we have to pay to use the road that we pay to build. hahaha
  • #207
  • Jul 20, 2009 8:36am Jul 20, 2009 8:36am
Switzerland has a low tax rate and is one of the safest/ cleanest countries in the world. Sometimes I find the cleanliness a bit too sterile. It would be interesting to see the results of crime/ welfare junkies relative to tax rate study.
Just Trade It
  • #208
  • Jul 20, 2009 8:42am Jul 20, 2009 8:42am
Quoting Big Wave Rider
Switzerland has a low tax rate and is one of the safest/ cleanest countries in the world. Sometimes I find the cleanliness a bit too sterile. It would be interesting to see the results of crime/ welfare junkies relative to tax rate study.

Cleanliness & safety, no way I could ever relate to that. Somebody in lederhosen step up & offer me some cheese or some shit & I probably shoot the mf.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #209
  • Jul 20, 2009 8:43am Jul 20, 2009 8:43am
Quoting winningfx
also, if you live in a well known corrupt country. then why pay taxes?? so that corrupt politicians can take their cut. make some laws to screw you furthermore and take more from you legally?? just to line their pockets!!
Welcome Home (to the Sanitarium)... I mean, welcome to Brazil and Latin America!
Many share my views with me. But I don't share them with them...
  • #210
  • Jul 20, 2009 8:46am Jul 20, 2009 8:46am
Quoting The Fool
Cleanliness & safety, no way I could ever relate to that. Somebody in lederhosen step up & offer me some cheese or some shit & I probably shoot the mf.




Put the cheese down.
Just Trade It
  • #211
  • Jul 20, 2009 8:56am Jul 20, 2009 8:56am
Quoting fxRichard
...so i am contemplating moving but unsure of where to....


welcome to IRAN
  • #212
  • Jul 20, 2009 9:16am Jul 20, 2009 9:16am
Quoting Big Wave Rider
Switzerland has a low tax rate and is one of the safest/ cleanest countries in the world. Sometimes I find the cleanliness a bit too sterile. It would be interesting to see the results of crime/ welfare junkies relative to tax rate study.

reminds me of a story on socialism. it's about a professor who r discussing about socialism with his students.

his students argue that socialism is good as everybody gets taken care of. everybody gets the same rewards, irregardless of the efforts put in. so the professor says 2 the students. let's do an experiment on socialism with the grades of the class.

initially, hardworking students got As n bs. while the not so enterprising students got Cs n Ds. after the experimenting was kicked in. the results of the exams was averaged n everybody got the same scores. this made the group of not so hardworking students very happy. Bs or Cs.

after awhile, the hardworking group of students realised this. why work so hard when we will get the same rewards. so they also became laxed in their studies. eventually, the whole class got Fs.




  • #213
  • Jul 20, 2009 9:24am Jul 20, 2009 9:24am
Quoting The Fool
Hear here. I am heartened to find a Texan with progressive views on taxation.
I was born and rasied in Houston and lived in Atlanta and New York all of my adult life. Happy that I got a chance to live in Atl and NY as my political and economic views would have probably been skewed and one-sided living in Houston.

Houston has changed and it seems more liberal and young. Though Ihaven't been all around Houston yet because we just moved here 2 months ago. Today's Houston reminds me of Atlanta and NY ... just cheaper. The cost of living here is very affordable and there is NO state tax. Food and services are/can be expensive ... I guess to make up for the no state tax deal. But all in all, Houston has been good to us for the past 2 months. Forgot how big this city is.
  • #214
  • Jul 20, 2009 9:38am Jul 20, 2009 9:38am
Europe.

It has been said, however France is the ideal location (Personal Opinion) in respect to the time zones. the people are cool, beautiful food and wine. Climate is better than London (My current Location).

Excellent Thread as i was thinking about moving from London soon and this is helping me know how people from around the globe thinks about location, Cheers Rich mate ...

Patrick
= Sweet To The Beat =
  • #215
  • Jul 20, 2009 9:47am Jul 20, 2009 9:47am
Quoting PatrickDDM
Europe.

It has been said, however France is the ideal location (Personal Opinion) in respect to the time zones. the people are cool, beautiful food and wine. Climate is better than London (My current Location).

Excellent Thread as i was thinking about moving from London soon and this is helping me know how people from around the globe thinks about location, Cheers Rich mate ...

Patrick
When I was in Wellington, New Zealand I quickly found out that NZ had the worst timezones for trading. Wellington NZ is the official city to start the trading day. They are first in the world but its pointless to be first if there is no action until the London Session. . When London session hits NZ is heading to bed.
  • #216
  • Jul 20, 2009 9:58am Jul 20, 2009 9:58am
Timezone wise it has to be Asia. Trade the 4H Box Breakout, the 0400-0700 GMT Breakout Strategy and the 7am-9am Big Dog USD Breakout Strategy.

For futures traders, the Nikkei opening (0745 hrs GMT +8 onwards), and the US opening (2130 hrs GMT +8 or 2230 hrs during daylight savings).
  • #217
  • Jul 20, 2009 12:43pm Jul 20, 2009 12:43pm
Quoting Jhig
Why of all the talk of taxes. You can't expect to live anywhere for free. City and government resources are not cheap nor free. Taxes are just part of the deal in living in your ideal habitat.
No one is talking about not paying taxes where they live. We are talking about the rapacious governments in the world who want to tax you even if you don't live there. I haven't lived in the US for over 10 years now, but if I show income over the limit set for expats, then I have to pay taxes. That's just not right and no one who is sane can say it is.

If I move back there, then fine I pay taxes. Paying taxes is supposed to be a mutually benefiting arrangement. I pay taxes and get roads, police, army, and other services. But if I don't use anything, then why should I pay for it?

That's what we are all talking about.

Btw, Congress passed a law years ago that states that if you renounce citizenship, you are still liable to pay taxes for 10 years. What it means is that if you renounce and then come back to the country, they can fuck you royally if they are so inclined. Not that the IRS or the rest of the government would ever do something like that, though.
  • #218
  • Jul 20, 2009 12:49pm Jul 20, 2009 12:49pm
Quoting Samand
welcome to IRAN
Iranian women are drop dead beautiful. You may not have noticed, but I think women are nice.
  • #219
  • Jul 20, 2009 1:02pm Jul 20, 2009 1:02pm
Quoting Dopey
No one is talking about not paying taxes where they live. We are talking about the rapacious governments in the world who want to tax you even if you don't live there. I haven't lived in the US for over 10 years now, but if I show income over the limit set for expats, then I have to pay taxes. That's just not right and no one who is sane can say it is.
Not sure where you are, D. - but can you gain dual citizenship or residency status there? If so, perhaps you could form a legal entity (a corporation, Sociedad Anonima, etc) that does the trading & then that entity's income would only have to be taxed in its native country, not the US....?

Of course, if you continue to pay tax in the US, you will get Social Security benefits, Medicaid, etc (assuming those programs will still exist when you are that old.) SS bennies nothing to sneeze at, I know people who live well in Mexico off their monthly SS check alone.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #220
  • Jul 20, 2009 1:42pm Jul 20, 2009 1:42pm
Quoting fxRichard
Thanks for the great input everyone! Dopey, I have lived in Korea and Japan so living in another country especially Asia is no big deal I have been looking into some of the issues regarding schooling and internet in Phuket,...as for internet it looks like the fastest which is for business use over there is about 2mb
Fastest is 10mb at the moment, for personal use. Coverage can be an issue if you are not in Bangkok though.
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