Making a point.... - page 4
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It seems like the US gov'mt is one of the very few countries that will try to get money out of any way they can. Even if you work overseas, they will want you to pay taxes on your earnings, now isn't that a joke? Some of us work overseas for the benefit and excitement it has to offer, but then to see the IRS ask for their share of it is unfair. On the other hand, I can see why they do it.....
Anyhow, Larry Williams isn't the first that try to avoid paying taxs so I don't see it as any big news. They always say the rich will try to avoid taxes, and they may also be the cheapest. I have seen stories where people make millions and not have to pay taxes becuase of tax loopholes. Larry Williams could've used a good accountant in this case. I do not believe that you would find anyone in this world that wants to pay taxes not unless they are just a plain idiot.
Once in awhile I see how many is claiming how great their EAs, and both commercial and non-commercial systems are, the fact is that the pairs are trending well these days. I don't see anyone bragging when the market is range bound. Just newbies should be aware of this, and not think this is my road to riches....
An American futures trading guru and promotional speaker who promises to show people how to "beat the share market'' has been arrested in Sydney for tax evasion.
Larry Richard Williams, 64, had just arrived on a Qantas flight from South Africa on Saturday when he was escorted from Sydney Airport by Australian Federal Police.
The US Internal Revenue Service is seeking his extradition for $US1.5 million ($A1.99 million) in alleged tax evasion between 1999 and 2001.
The Virgin Islands resident is alleged to have "wilfully and affirmatively'' attempted to evade paying taxes on royalties from his 10 books and earnings from the international speaking circuit.
Source http://www.smh.com.au/articles/2006/05/22/1148150168500.html
:'(It's clear from reading your initial post regarding Larry Williams that you had no idea who he was when you wrote it. Your ignorance astounds me, only superceded by your attempt to hide it in post#21 and subsequent musings.
I'm sure a few traders have had tax/legal issues before:-
George Soros?...bought down the Bank of England and made 1 billion dollars in one day.
Thanks for the amusing tax sideline though....LOL. Don't worry...I'm sure the IRS will see you as exempt...
You need to make a profit first....
Help Wanted
I am sure someone will read this, so please go to this link posted by NewDigital, he has put in a lot of work into supporting TSD Forum and helping all, and not to mention to all the contributors to TSD....
https://www.mql5.com/en/forum/178706
I saw this information time ago and it has been really helpful, I really appreciate the people in here interested on helping others, I mean new ones. The information gotten in the forums is a great tool for the beginners, that is why it is pretty important to value this kind of efforts.
You are right guys this is a very good information, at least for beginners. Perhaps experts already know that. Thanks for make us aware about this information. Very useful.
Some member who no longer posts in this forum, probably created a bad rep for himself. Now I see him in another forum blasting this forum. Some people are just plain ^%$^)( in my opinion....
I used to follow his posts, non KISS system. Not worth it...