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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (44932)	1/5/1999 7:29:00 PM
From: Bill Jackson	Respond to of 1570111

Jim, I know the situation well. Use options, pay taxes. Better to go for a trip outside the country for a few years, during that period buy and sell the options and stay away. SInce you are a non resident for that taxation year you need not report this. Note you keep your citizenship of course, but your residemce in the Canada must be stopped and a foreign one established. In addition do not use your domestic broker for this process as it may establish a trail and they will certainly want money, even if as a non resident you are not liable for taxes that year. Same when you get a 2 years job in, say, Saudi Arabia and live there. Pick a taxless country and do it. This can be done by Canadians, and it is legal, and when you return your capital can be imported. From that point you pay taxes on what this capital earns etc. I think it is similar in the USA, but I am not absolutely sure, as the IRS my decide that you have to revoke your citizenship for this to work, and they often keep revokers out in the future. One fine day when my options have good value that is my plan. Bill

To: Jim McMannis who wrote (44932)	1/5/1999 8:43:00 PM
From: TGPTNDR	Respond to of 1570111

Jim: < re:Paul did report he bought AMD at 17.25. Then again at 15.50.: I recall the furor that was raised at that time, but he said that only in retrospect -- ie, after the price of AMD was over $22/share. I asked him to post me a message which indicated that he posted in real time. He can't, and he won't, because he didn't! Paul englebert and yourself(not you, Jim) post about their purchases only in retrospect(Example -- I loaded up the boat two weeks ago at $15.50, then bought lots more last week at $17.25). Tell me the message number that will prove me wrong! tgptndr