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"The bahamas have very liberal banking laws which give the account holder a lot sof rights to privacy. My non-us company, created with my offshore account, does not have to report taxes to the US. " How do you do this? Can you give me more details? As far as I know if you are an US citizen...

I like thsi site stockcharts.com They ahve a pretty good free charting school, then for a fee you can get more. Also, Steve Nison wrote a bunch of good books. You can go on amazon.com and take a look inside the books, as well.

<<<Pay Swedish taxes for a year. As high as 80%.>>> Is it really that high? Why do swedish people work for? I would opt for a homeless job instead.:confused:

yes, this is true too, but i was asking about teh case of self employee.I think I read on irs that you have to pay SE tax.Anybody ?

US IRS might go to your gov and tell them that you trade with a US broker.

What about forex? What are currencies considered, if the forex broker is in the US?

There is less freedom in US then even in Eastern European countries now days

I wonder if you can do that with a debit card on somebodyelse's name that is not US citizen

I wonder if US gov would get upset if the money on your debit card comes from overseas

A friend of mine asked me this. If you are uS citizen and will have social security benefits (in the future) and give up on US citizenship, will you lose the pension benefits? Or is theer a way to get the money you put into social security? Thanks

As a trader you can make it to be earned income, if you do the market to market switch.

"Why not just get an IBC (Internet Business Corp) domiciled in a friendly tax environment (most places in El Caribe) open and run your trading account through that. It all can be done 'virtually' you don't have to physically be there. You can have everything setup offshore, IBC in the Caribbean...

"I agree, high taxes are a undue burden. Slovaks have 15% flat tax. Open an account with a Slovakian brokerage and go rent a cheap room in some village as a permanent slovak address. In these times of high speed internet, you could live in Tibet and trade your Slovakian account. Offcourse the...

You will still have to pay self-employment tax on the 80K.

I am a full time PC tech working for a non-profit company and I travel miles every day to fix PC's, so I am in front of a PC many hours . I kind of am able to spend as much time as I want fixing PC's. :). I used to swing trade stocks in 2004 , but now I am trading forex. It gives me a chance...

I guess that should be a corporation or LLC ???? Thanks

If I open a trading account let's say with 10K , regardess to what it's going to happen at the end of the year(loss or gain), is there any way that I could deduct the 10k? Could the 10k be considered any kind of business expensses or something else? Thanks

Thanks both.

If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005? Thanks

Wheer did you find these groups?