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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (6417)	9/10/1999 8:54:00 PM
From: Lola	Read Replies (1) \| Respond to of 12872

Can I suggest another solution to your tax problem? I don't know what it's like in the US but in Canada corporations pay a much lower tax rate than individuals do. I do most of my non retirement account trading through my corporate accounts. If you incorporate a company (which is alot cheaper than paying a alot of tax) you pay a much lower tax rate than if you file your gains as an individual. For me it means the difference between paying almost 50% tax (yes only in Canada) or paying less than 25% tax as a corporation. It's cool and it's not even that hard but you do have to incorporate the company. There is a ceiling for how much you can make as one corporation and pay only up to a certain percentage and then it goes higher. So I have 2 companies that are incorporated (I didn't just make them up . . . they're actual companies that do real business). I can make quite a bit of money before I have to scream about the taxes. Actually I still scream anyway. Lola:)

To: Trumptown who wrote (6417)	9/10/1999 8:59:00 PM
From: Tom Swift	Read Replies (1) \| Respond to of 12872

I am considering a Roth but I want to max out my 401-K first. I usually get a 50% match on contributions, so I would be foolish not to do that first even though the mutual funds I have selected in the 401-K don't do all that well. My financial goal for this year was to get completely out of debt -- which I have accomplished. For that, I chose a to use a cash account and moved a lot of money around to minimize interest payments. My goals for next year (now that I have no debt) are to balance my short term trading (which is a hell of a lot of fun) with long term tax-sheltered (Roth) investments and maintaining at least six months of my salary in liquid investments. Hehe, that sounds like the intro to a managing your money type of book.