Subject:
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Re: TLG investigation
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Newsgroups:
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lugnet.general
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Date:
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Tue, 16 Feb 1999 16:07:26 GMT
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Reply-To:
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lpien@iwantnospam.ctpANTISPAM.com
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Viewed:
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2025 times
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I'm not sure what your comment about taxes has to do with my comment
about arbitrage. If I can get 1% an hour consistently, I will declare
the income and pay the taxes. Gladly.
Mark Tarrabain wrote:
>
> Larry Pieniazek wrote:
>
> > Mark Tarrabain wrote:
> >
> > > That's only 1% profit. Who's going to bother spending that kind of money to make so
> > > little?
> >
> > I will. If you can point me to a scheme that is legal, and guaranteed to
> > return 250 an hour for a capital investment of only 25,000 I am THERE.
> > Only takes 100 hours to double your money at that rate.
> >
> > Lots of arbitrageurs make a nice living on margins of .01%... and it's
> > not even guaranteed! A margin of 1% is major gravy.
> >
> > ++Lar
>
> But there's a federally imposed limit on the amount that you can make per year before you
> have to A> declare the income, and B> either have a business license or be on a payroll.
> This limit is not really that much per year (only about six thousand dollars in Canada. I
> don't know what it is in the US). Because you would then have to purchase your stock
> officially, on behalf of your company, you would be no longer eligible for purchases in
> the club. If you still tried to purchase the items unofficially anyways, you'd have to
> fudge the numbers in your business' financial records, and a tax evasion lawsuit could
> eventually come your way. Even if you never got caught, you're still breaking the law,
> and would have to wrestle with your own conscience. It's not something I'd want to do,
> and I hope it's something you wouldn't either.
>
> > > Mark
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Message has 1 Reply:
 | | Re: TLG investigation
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| (...) Ah, but as soon as you do that, you are making purchases on behalf of your company, and they are no longer private purchases. I was originally suggesting that TLG restrict membership of the club to private individuals only, and not allow (...) (26 years ago, 16-Feb-99, to lugnet.general)
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Message is in Reply To:
| | Re: TLG investigation
|
| (...) But there's a federally imposed limit on the amount that you can make per year before you have to A> declare the income, and B> either have a business license or be on a payroll. This limit is not really that much per year (only about six (...) (26 years ago, 16-Feb-99, to lugnet.general)
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