Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (6214)	5/10/2006 7:11:25 AM
From: TobagoJack	Respond to of 217588

Buy silver and gold, and all your problems go away, like I have been trying to tell you ever since 250/oz gold

To: Maurice Winn who wrote (6214)	5/10/2006 7:53:57 AM
From: Moominoid	Read Replies (1) \| Respond to of 217588

Don't you have a capital gains tax in NZ? I am referring to the comment "is designed to fail and will be replaced by..." in the article. Aus taxes short-term realized gains at the regular marginal rate and long-term gains (one year) at half the marginal rate. For those earning more than $A150k these will now be 45% and 22.5%. These are similar to the rates applying in high tax US states plus minus a percentage point or two - the latter for most taxpayers and the former for very high income earners. The rates below that are 40% and 20%, and 30% and 15%... So for typical middle class income earners Aus is not very competitive compared to the US for short-term capital gains (MA is the worst in the US and taxes these gains 12% on top of the Fed rate - but low 30s would be a more normal total (Fed and State)) and reasonable for long-term. It is very competitive on dividend taxation... Aus also has (or at least used to) have something called FIF which is rather horrendous: ato.gov.au Applies to foreign mutual funds etc. I've never dug deep into it as when I lived in Aus it didn't apply to me but it might end up taxing unrealized gains in foreign mutual funds but not Australian ones. It doesn't apply though to individual stocks.

To: Maurice Winn who wrote (6214)	5/10/2006 9:39:53 AM
From: Slagle	Read Replies (2) \| Respond to of 217588

Maurice, I feel your pain. No taxes on unrealized gains here yet but I'm sure that is thought of as a "progressive" idea by certain types here, mainly our native "bludgers" and their enablers. I don't know if you are aware of it or not but New Zealand is regarded by some US (and I suppose from all over) leftwingers as the "Holy Grail". I have a couple of leftie cousins who have been talking about "escaping" to your country for many years. I would guess these two are typical in that they have been committed leftwingers since the 1960's, neither one of them have ever "hit a lick at a snake" (old southern mountain slang for someone who will not work <grin>) so if they ever manage to come there they will join your existant pool of bludgers. One of them inherited some money but I imagine he has mostly run through it. Years ago one of them talked about going to Cuba to join up with the "revolution" but I think that the specter of the the obligatory service in the sugar cane fields cooled his revolutionary fevor, as he never went. NZ is another matter though. It is good to be popular I suppose but it could be that going on four terms of your "Helengrad" has attracted some international attention that you would be better off without and if you don't keep your entry barriers high you will pay for it with more inventions like the "unrealized cap gains tax". Slagle CORRECTION....after I thought of it a bit there is ALREADY a great deal of tax on realized gains here in most states in the form of property taxes, and in a way it may be even more unfair that taxes on other types of paper gains. The local tax ascessor just by fiat places a value upon your property and you are taxed accordingly. Slagle

To: Maurice Winn who wrote (6214)	6/14/2006 5:06:41 PM
From: elmatador	Read Replies (1) \| Respond to of 217588

OT they did it again! Briton Says He Pleaded With Police Who Fired for No Reason The Muslim Londoner and his brother were arrested during a raid at their home, then freed. From Times Wire Services June 14, 2006 LONDON — A 23-year-old Muslim man who was shot during a massive police raid on his house, then released a week later without charge, said Tuesday that an officer fired at him without warning. In his first public statements, Mohammed Abdul Kahar described himself as a law-abiding man who loved London, his birthplace. His emotional words, delivered at a news conference here, added to the embarrassment the anti-terrorism raid has caused Scotland Yard. ADVERTISEMENTKahar said he was shot in the chest as he and his brother came downstairs to investigate noises before dawn June 2. "As I took the first step down the stairs … I saw an orange spark and a big bang," Kahar said. "I was begging the police, 'Please, I can't breathe.' And he just kicked me in my face" and told him to shut up. Police Commissioner Ian Blair has come under heavy criticism for missteps since four suicide bombers in London's transit system killed 52 people in July. Shortly after those attacks, police mistook a Brazilian electrician, Jean Charles de Menezes, 27, for a terrorist on the subway and shot him seven times in the head. Prime Minister Tony Blair defended the police commissioner's handling of this month's raid, amid calls for the chief officer's resignation. "There is no doubt at all if they received information that there was a possible terrorist attack and did not act on that information and such an attack then took place, you can just imagine the outcry, the justifiable outcry, there would be," the prime minister said. The raid took place in Forest Gate, a neighborhood where many Pakistani and Bangladeshi shopkeepers, cabdrivers and others live alongside other working-class Britons. It drew widespread attention in a country where memories of the transit bombings remain fresh. Kahar, a British-born Muslim of Bengali origin, said he had no idea why his home was targeted. His brother was also arrested and released. "I knew they made a mistake from the time they entered my house. We're a law-abiding family," he said. "I was born and bred in East London. I love this town." Gareth Peirce, a human rights lawyer representing the brothers, said the raid showed the "danger of relying on information considered in secret." Peirce said that because police took over the house and damaged it during the search, the family had to leave its home of 20 years. Asked at the news conference whether they would seek compensation, the brothers said they wanted an apology first. A senior police officer later offered one. "In mounting this operation we have caused disruption and inconvenience to many residents," Assistant Commissioner Andy Hayman said. "I apologize for the hurt that we may have caused."