Are taxes eating up your profits too?

How safe is it to opt for offshore brokers and how does this whole tax thing work when it comes to brokers overseas? If anyone has any suggestions as to the brokers that helped in this aspect, please do share, thanks.

 

I just pay my taxes. It's part of the game. Why risk tax evasion?

 

tax residency applies regardless of the broker you use or where the broker is located

 

You are from Austria ? Dont even try a stupid thing, it is not worth it. It wont work.

If you are really tired of paying too much taxes, then move to another country. You dont have to look far. 10% flat tax in Bulgaria, for example. And stuff is cheap there, including the hot girls

 

When you go deeper into that question, poeple come with all kinds of ideas and reasons why to do so. The best one i heard so far :
,, What's the point of paying it if the goverment will waste it anyways ? "

And you're listening like ...

 

The joke is on you. The creator of this thread is a female.

 

Joke ? It's scissor time !!

 

Easiest way to reduce your taxes is match your losses with your gains. It is a no brainer. If you reach the point where you are making substantial amounts in the stockmarket, that is the time to seek a good tax advisor.

 

I trade as a business so write off alot of expenses against the income. VPS, all tech, subscriptions, home office, insurance for the family (which is around 24k per year). Pretty much everything trading related is expenses through the corp. Especially with insurance it's easy to have over 50k annual qualified expenses to bring down the taxable income from trading. There's other things you can do too

 

"Work" vehicle, office space, petty cash, business lunches, vacations (company related travel). Pretty amazing the amount of shit you can attach to a company.