Some countries have stock investment institutions that allow
transfers into them , but one has to have an attorney/agent
to get things started.
Obama , BTW, has sent his minions out so that the traditional legal foreign venues must report all foreign accounts to the Feds.This is what Pelosi means about “Global Transaction Tax” ( the number being bandied about is .05 %, which in a $20,000 transaction is $100.00).
Now some folks do 300 day trades per year , and what if its say 300 x $100.00, thats $30,000 in global tax, regardless of whether one makes a profit on the trades or not.
This is not only a regressive ta, it is a tax that is designed so that the Federal government can get its hands on private wealth. Millions of baby boomers do trading to get their retirement portfolio to where they can exist without Social Security, which everyone knows is going down the tubes. This is about CONTROL and the outright confiscation of wealth.
It is also designed to make people more dependant of government serices without being able to generate self help.
Its HORRIBLE.
(Some if you do 20 transactions per year of 20 grand you
pay $2000.)
But some folks do 300 transactuions a year, get the number them if you did 300 day trades of $20,000.Thats 300 x $100.00 = $30.000
Everyone is well advized to start planning on how to get stock trading into an other country that is safe, secure, and beyond the jurisdiction of this catchment system, with a subsequent option to leave the USA if necessary.The alternative is to sit and have your economic freedom compromised, and be forced into poverty.
Stock trading is the one bright spot we have in the economy. And now the left wants to get it’s hands on private money and destroy it.
One can find information sources at the Sovereign Society.
http://www.sovereignsociety.com/
There are perfectly legal ways to have off shore accounts and to pay US Income tax on income. I doubt that some independant jurisdictions will enforce a Global tax on behalf of the US government, BUT at some point the only way to avoid it entirely will be to end one’s connections with the USA, in order to avoid enforced poverty. Whether that choice has to be made or not depends on how fast the Republic Party can destroy the Obama Junta and much it is now doing.
[This is not only a regressive ta, it is a tax that is designed so that the Federal government can get its hands on private wealth.]
Yup, their eventual goal is not income taxation, but wealth confiscation wherever you are when hyperinflation kicks in. We are trying to get out before everyone else figures this out and the stampede begins.