Living on a boat and avoiding taxes

[dandxg]

Good off topic discussion. I will help guide it back on topic of the thread.

If you trade with an IBC, say on a boat, with a US based broker, do they withhold any taxes? My thinking is you are exempt because you are a foreign based IBC. Does it matter if the 2 countries have a tax treaty? Can they require all of the info they require if you are a US citizen or US based corp? I am just opening a new account for my US based LLC and they want a photo copy of my DL and SS #. This is intrusive IMO. Right after 911 they wanted utility bills too! My LLC's tax ID should suffice. Look forward to responses.

Dan

 

[Cesko]

Quote from zdreg:

that is why this thread should be moved to chit chat because you can not write about the subject:"Living on a boat and avoiding taxes "

I have to be defensive here, your post is not better than mine since it's just a reaction to the previous post already off the topic smart ass.

 

[zdreg]

the facts speak for themselve. i could have made the remark as a more general statement. but directing it towards you made you and everyone more fully aware of the issue.

name calling makes one look foolish.

 

[Cutten]

Quote from steve46:

What I am putting down is a culture of tax dodging.

Actually what you are doing is promoting a protection racket. Taking people's property without their consent is theft. Using threats of violence to intimidate them into handing over their property is extortion. Making someone a "citizen" of your country without them having any choice in the matter is enslavement.

You are promoting a culture of theft, extortion, and slavery.

Your assumption that everyone wants government services is just that - an assumption. You provided no evidence to back it up, let alone proof. Well I can happily state that I want no government services whatsoever. Just stop exotorting the yield of my labour for 5 months a year, stop enslaving me, I'm happy to take my chances. So where does that leave your argument?

American used to have no income tax, no capital gains tax, no welfare state, no state-owned industries. The whole country was founded on the back of a revolt against taxes. What happened to that ideal, you goddam commie?

 

[Cutten]

Quote from spike500:

You watch to much Rambo movies.
To me quality of live has nothing to do with being a macho. So i don't need drinking lots of beers, being muscled as Schwarzenegger or running around as 1 big tattoo.
I served in the army. I saw many fat beer drinking "real and professional" soldiers. Where i live you join the army if you are not able to do anything else. As i understand in the US a lot of poor guys joined the army because of financial reasons. They were the first to start crying when they were send to the war in Iraq. They joined the army to survive ( financially), not to be a soldier, but ironically (and sadly) enough for many signing to survive was signing for their death. In Iraq we already passed the 2000 death US soldiers.

That's why i don't like military stuff or people posting in a military style like you do. The last years they did more harm than good. And most of it thanks to misleading the people in the street.

EDIT: I didn't join the army for financial reasons. We are obliged to serve in the army after graduating.

Touche!

How much were you betting, Steve?

 

[Cutten]

Quote from nonam:

I doubt that you have the guts to live on the ocean. You are the kind of person who will be crying like a bitch on the radio asking the coast guard to rescue you every time the weather got rough.

When it comes down to it, I will bet that 90% of you folks wouldnt last 6 months on the water.

Guy who wrote this is pure crap.I have 20years experience with sailboats.Anyone who has practical questions about living on a sailboat I am willing to help.

Rofl.

Steve, wtf is your problem? You are just embarrassing yourself hurling out groundless accusations like this. You think piking on the ES makes you some kind of bigshot who can go round assuming everyone else is a nobody? You're low class, running your mouth at people who never said anything against you, who are just holding an opinion which they are perfectly entitled to.

So go back to trading your 20 lots, bigshot, and enjoy supporting crack whores on welfare, junkies on rehab, crooked politicians, mercenaries on $100k a year salaries, millionaire sugar barons charging you twice the market price, subsidies to butchering 3rd world dictators, turning whole countries into a state of civil war, paying redneck hicks to photograph naked men forming human pyramids at gunpoint, mass bombing of civilian populations, torturing innocent people just because they have the wrong colour skin or were born east of Vienna, and every other ne'er do well activity that gets funded courtesy of spineless politically braindead compliant sheep like yourself. And when a taxpayer subsidised multimillionaire real-estate developer comes to bulldoze your home on a compulsory purchase to "benefit society", I hope you appreciate the social necessity of 50% of your working life having gone up in smoke.

 

[Cutten]

Quote from trade4succes:

there are many countries in the world who get by with low taxes Slowakia, flat 19% etc. etc. and cutting back on defense doesn't have everything to do with it. afterall even in the US the defense budget is not a very high % of government expenditures.

Switzerland is another notable example. The US tax burden in 1900 was a very small % of GDP, so the idea that high tax is necessary for a functioning society is simply laughable. It is in fact an idea that would only be put forward by someone with no knowledge of economic or political history.

 

[Cesko]

It is in fact an idea that would only be put forward by someone with no knowledge of economic or political history.
....or with an agenda.

 

[a529612]

depends... if your a US citizen you have to renounce your citizenship... then become a Croatian citizen and then you can trade US securities... but not US tax.

You still have to pay tax backdating 10 years even if you renounce your US citizenship.

 

[PitchBlack]

Quote from a529612:

You still have to pay tax backdating 10 years even if you renounce your US citizenship.

So being a successful traders as an american is not a dream but rather a nightmare.

If i make a fortune in trading i can leave my country within 24 hours, i don't have to give up my citizenship, and if i live 183 days a year abroad i will be taxed in the country where i reside. Logically a country where you don't pay taxes if possible. Like Monaco.