Wealthy people are renouncing American citizenship

[Nobert]

Your uncle has a point. Governments are full of colossal waste. There's almost no oversight and they're spending others' money. Nowadays EU is all about offering refugees free housing, free health care, free food, clothing, you name it. Meanwhile quite a few of their own citizens cannot even afford proper dental care and some lack health insurance. The same refugees that will leave as soon as Germany or UK accepts them. It's a complete lack of taxpayer funds.

Yes he has. Nothing is just black or white. But by avoiding to pay it, one as well should ,,loose" the ability/right to complain about the lack of proper dental care & etc, since he/she is making no contribution.

Denmark has taxes up to 70%. No complains about things like that in there. Also the second ,,happiest" nation in the world (?)

It's not the wrong doing of goverment that i find problem with, it's the cover up of peoples own selfishness, dark motives & greed hidden behind the wrong doing of goverment.

Then you see him pre ordering that new cyber truck. ,, Why not, goverment would waste it anyways. "

Best thing tho. If ones brakes the rules, but respects the law, and still beats those who ,,makes" the rules yet brakes the law, that's an achievement.

 

[murray t turtle]

I have the same situation with book sales in America, I would have to fill in a form to get out of paying tax on books sold there. I opted to pay the tax instead, it is not much and I want to contribute to the American economy. It was a reasonable amount of paper work and it gets updated regularly too. This is another aspect of publication that people need to be aware of, international taxation law and compliance.

%%
Good points.
WE sure don't want to OVERPAY on taxes, but USA founding fathers believed in limited gov, NOT no gov.
I like paying user fees on ammo\ if one does not buy ammo, he pays no user fee. ALL the state gov wildlife managers depend on that mostly, for funding...............................................................

 

[kandlekid]

I generally have no issue with US taxation, however I want consistency in tax rates and get rid of state and local tax. I plan to leave US tax jurisdiction at some point in the next 10 years.

Well, if you get rid of state and local tax, how will you pay for all of the services they provide? Police, garbage collection, water, electric, etc ...

 

[VicBee]

Well, if you get rid of state and local tax, how will you pay for all of the services they provide? Police, garbage collection, water, electric, etc ...

It's a bit more complicated than that. The US federal system has layers upon layers of governments with federal, state, county and city, each looking to get paid through one tax or another. The system is slow and expensive, but it's meant to be representative. The alternative is a break up into various countries but we've been through that and the southern secessionist war has still to this day killed more Americans than any other wars the US has been in. Much like every other country in the world, we die killing each other far more often than at the hands of foreigners.
But I digress. US taxes are quite high if measured against the services we receive for paying them.

And if you're surprised with our layers of government, you should see how many authorities exist here with a right to carry a weapon and a right to fine or arrest you... it's unique.
Federal police, State police, county police, city police, Highway Patrol, Sheriff, Park Rangers, Train police, and then various private police forces for events and gated communities.... The irony is those same people willing to die for their freedom (I mean anti vaxxers) also over represent these many uniformed authoritarian forces. And I didn't even breach the huge number of Federal agencies with the same authority to fine or arrest you (FBI,DIA, CBP, ATB, IRS, ...)

 

[virtusa]

@Girija Most futures brokers have their order servers in Chicago, so you want your trading software to have as little latency as possible between placing an order and order execution. For example, running an automated bot scalping strategy with market buys/sells will result in better fills with less slippage.

Proximity is more important for optimizing a strategy's price execution. With IB and TD Ameritrade, you may have a different trading strategy where that isn't as important. Specifically for IB, we'd recommend our NY servers instead for lower latency over Chicago.

Is a US server also useful if you cannot place your orders in advance on that server?
I am a discretionary trader trading at market price. So I cannot take advantage of a US server. When I push my button, I buy/sell at that moment at that price. Going from there to a US server which then transfers the order is slower then working without a US server I think.

 

[Snarkhund]

Yes he has. Nothing is just black or white. But by avoiding to pay it, one as well should ,,loose" the ability/right to complain about the lack of proper dental care & etc, since he/she is making no contribution.

Denmark has taxes up to 70%. No complains about things like that in there. Also the second ,,happiest" nation in the world (?)

View attachment 265652

It's not the wrong doing of goverment that i find problem with, it's the cover up of peoples own selfishness, dark motives & greed hidden behind the wrong doing of goverment.

Then you see him pre ordering that new cyber truck. ,, Why not, goverment would waste it anyways. "

Best thing tho. If ones brakes the rules, but respects the law, and still beats those who ,,makes" the rules yet brakes the law, that's an achievement.

The good point being made here is that "high tax" does not automatically make a place a socialist shit hole. Its the way those taxes are spent that makes all the difference.

Switzerland has high taxes relative to other countries but has magnificent services and schools etc. They spend their tax dollars intelligently.

Countries (and failed city/states like Chicago) that have astronomical taxes but then spend those funds corruptly, wastefully and inefficiently on stupid policies are the ones to escape from. California is another.

 

[virtusa]

Countries (and failed city/states like Chicago) that have astronomical taxes but then spend those funds corruptly, wastefully and inefficiently on stupid policies are the ones to escape from. California is another.

These states/countires are the majority, those who do it well are the exceptions.
Worldwide intrest rates have to stay low for years to avoid countries to go broke. And inflation should go up to reduce the debts (in buying power).

Countries With the Best Governments in 2019
8 out of the top 10 are EU countries
https://www.worldatlas.com/articles/best-governments-2019.html

 

[Windlesham1]

These states/countires are the majority, those who do it well are the exceptions.
Worldwide intrest rates have to stay low for years to avoid countries to go broke. And inflation should go up to reduce the debts (in buying power).
Norway comes top- this was a nation whose GDP was comprised mostly of herrings! North Sea oil has gifted them such a way of life. Finland mainly used to export matches!

Countries With the Best Governments in 2019
8 out of the top 10 are EU countries
https://www.worldatlas.com/articles/best-governments-2019.html

 

[Ninja Mobile Trader VPS]

Is a US server also useful if you cannot place your orders in advance on that server?
I am a discretionary trader trading at market price. So I cannot take advantage of a US server. When I push my button, I buy/sell at that moment at that price. Going from there to a US server which then transfers the order is slower then working without a US server I think.

For placing market buy and sells, you wouldn't get the benefits of optimizing fills and reducing slippage, because as you mentioned the same delay is there. With a server, it should only be about 1-2 ms slower than going order routing directly to your Chicago based broker.

If you were using Market if touch orders and simulated stop losses (to hide resting limit orders from the order book), then you would get the slippage reducing benefit of server trading.

There are other benefits of trading through a server, such as:

1. Trade on Mobile, Tablet, other PCs. A remote server allows you to run Windows Only applications on non Windows devices. Your trading workspace is on the server, enabling trading from Androids, iPhones, Tablets, Mac, other PCs. For example enter a trade on your PC and continue with the same trade on your phone.
2. 100% Uptime, Never lose internet connection, Never miss a trade setup. If your home internet connection or router needs to be restarted, your trading workspace on the server is always connected to your broker and data feed. If you have a local PC or internet problem, instantly switch to trading on mobile without missing the trade setup.
3. Automated Trading. Our servers are designed to run critical trading applications 24/7, allowing you to run your automated strategies.
4. Simultaneously connect to the same brokerage account in multiple instances. For example use the server for live trading and connect to the same brokerage on local PC for testing new strategies.

Also very handy for non-trading activities such as Excel Macros and running other Windows only applications, when you're at home or away from home. It is a full Windows PC in your pocket.

 

[themickey]

Also very handy for non-trading activities such as Excel Macros and running other Windows only applications, when you're at home or away from home. It is a full Windows PC in your pocket.

Would this include full access to Microsoft 365?