Pay Your Taxes
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Thread: Pay Your Taxes

  1. #1
    Ima cut right to the chase, began trading in 2005 didn't begin earning money untill 2010 and there goes the issue, as I had been making money I had been taking money out my broker account and alive, a very pleasant one, moral of the story the IRS asserts I owe them more money then I have in my bank account. Pay your taxes or wind up like me.

  2. #2
    Quote Originally Posted by ;
    quotewill hit deal on july-28 2015, be back trading live jan 2016
    Congrats! Very happy for you. Give a breakdown of these events and the way you handled them if you can? Anything you could that will not endanger your individuality and safety? This really is a shining example of tax evasion repercussions (if known or unknown) which many of us can hear from
    If not- that I understand. I'm glad you are sorting through it with out visiting the klink!

  3. #3
    Quote Originally Posted by ;
    quote Congrats! Very happy for you. If you can, give a breakdown of the events and how you handled them? Anything you could that will not jeopardize your identity and security? This is a shining example of tax evasion repercussions (if known or unknown) which many of us can learn from If not- I know. I'm glad you are sorting it through !
    http://money.usnews.com/money/blogs/...ile-your-taxes

  4. #4

  5. #5
    Denounce yourself as a US citizen (I hear the fee to do so has become about 400%?) , move into the UK and get a home that is free off money benefits and our lovely government or two to see you through. Open a bank account in the cayman islands (cayman national bank or a different person, you need roughly $1000 or equal to start an account if you're not a cayman citizen...), deposit money into it, then deposit money from that right into a trading account, crush it and draw back into said card, into the spoils....

    Of course, the above is theoretical made up fiction and you should not do it.

    Or Merely spreadbet as it's legally tax free here, and if you're at it, make the most of that great 500:1 leverage and go all in on number 0 green

  6. #6
    Anyone knows any taxation on Forex for FInland? Finland does not appear to believe Forex as a advantage for trading. Therefore there aren't any clear concise conclusion for just how much one wants to pay for earnings... I contacted taxation offices but they just say you have to pay based on regular taxation, after the cash is in your bank in EUR currency...

    This does not help much -. -

    Appreciate all help I can get

  7. #7
    Quote Originally Posted by ;
    Anyone knows any tax on Forex for FInland? Finland does not appear to think Forex as an asset for trading. Therefore there are no clear succinct conclusion for how much one needs to cover earnings... I contacted taxation offices but they simply say you need to pay based on normal taxation, after the money will be in your bank at EUR currency... This does not help much -. - Appreciate all help I could get
    28% on profits.

    Source wikipedia ( found it in german language https://de.wikipedia.org/wiki/Abgeltungsteuer )

  8. #8
    You need to go offshore. Not only in banking but also make a provider. You will spend less taxes than you pay in the United States if handled via a firm and it's not that much of a hassle. The best part is that a dual tax treaty will protect you . If you're currently making good money go that way. I have a consultation with a firm in two different countries once I go on vaion. I cover that high a tax. Fuck that!

  9. #9
    Quote Originally Posted by ;
    Denounce yourself as a US citizen (I hear the fee to perform so has gone up roughly 400%?) , move into the UK and get a free home off cash benefits and our authorities or two to see you through. Open a bank account at the cayman islands (cayman national bank or a different person, you need about $1000 or equivalent to start an account if you're not a cayman citizen...), deposit money into it, deposit cash from that into your trading account, smash it and withdraw back into said card, into the spoils.... Of course, the preceding is all theoretical...

  10. #10
    Quote Originally Posted by ;
    You need to go offshore. Not only in banking but also make a provider. You will pay less taxes than you pay in the USA if managed through a company and it is not that much of a hassle. The best part is that you will be likely protected by a dual tax treaty . If you are currently making great money proceed like that. I have an appointment with a company in two distinct countries once I go on vaion. No way I cover that. Fuck that!

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