Why would you stay in the UK and pay an insane amount of tax, when he could live else where and pay next to nothing? pros and cons please
The planet’s 2,668 billionaires are worth $12.7 trillion. Forbes’ 36th Annual World’s Billionaires List: Facts And Figures 2022
I heard HFT with leverage is forbidden, so they trade without leverage, thus you need a lot of money to do this market making. Nothing easy to copy except you have tons of free money to compete with. And without leverage one cannot get rich from nothing. Those HFT funds make ca. 15% to 18% per annum. If you choose a HFT hedge fund as customer you might get 5% to 7% annually (only).
%% LOL then he can contribute to US treasury all he wants; but he does not speak for me, nor any CPA. Actually he doe NOT really believe that \what one believes\ he tends to do. Bill gates set up a private sector foundation..............................Thanks
Warren is in the process of giving 99 percent of his vast wealth to charity and that does not in any way go against his sincere belief that the wealthiest individuals and corporations do not pay enough taxes- Amazon 12.5 billion one year while paying zero taxes, for example. Certainly Warren is already one of the largest charitable donors the world has ever seen. There are common misconceptions that Warren favors raising taxes on the upper middle class and that he favors a wealth tax. Neither are true. No one claims Warren speaks for you or your CPA and I find it highly doubtful you are in the rarified income level Warren refers to. Certainly there is something amiss that allows Amazon to declare 12.5 billion in a taxe year while paying zero taxes. I hope no one thinks the tax breaks on this haul have "trickled down". Regardless, Murray, thank you for your many contribute to our ET forums and for your reply.
%% Sometimes great minds think alike\ i thought AMZN should have paid a few bucks Tax, even though they nor thier CPA/tax lawyers consulted me\LOL But i mean that literal/@ least few bucks\ since they use federal funded roads + airports; maybe thats why AMZN seems stalled around $100or IBKR did them in an ad with $3,000stock price stock sliced down to $25 in a fractional share ad LOL. Great thing about capitalism /AMZN doesnt have to consult Mr Buffet on taxes; + Dr Ben carson had to lecture US Sec of Treasury in older IBD, newspaper\ overpaying on federal taxes is not patriotic,