What if the democrats raise capital gains taxes to some insane level before we can cash out?

move to Puerto Rico where taxes are low or just any tax haven

get a second passport & renounce...Its the only way for Mutts to get freedom!

>for family reasons
Just so you know there is a days test which can trigger ANYONE to get taxed in the states, its called 'Substantial presents test'.

'Substantial Presence Test'

If the lefties try to pull some shit that will cost me hundreds of thousands, I’ll leave the motherfucking country. Don’t give a fuck, what’s mine is mine dude

Buy more crypto is the only real solution.

This is a huge problem
And even just as the god-emperor made the new capital gains taxes so much better
I would be fucking pissed if dems win in 2020 and start talking about tax reform
Cap gains would likely be the first thing they go for because normie financial illiterates think that's only something for the uber rich

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
I don't think I'll make it before 2021ish!! What do?

They won’t. That’s how the elite make their money. Notice Bernie etc never call for raising it. But they’ll keep raising taxes on working people.

It is though. Exactly what percent of the country do you believe derives a majority of its income from investments?

you have to pay the reounce tax tho

>what if the democrats raise capital gains taxes to some insane level before we can cash out?
Thats coming after the new socialist wins the presidency in 2020.... Either buy anonymously or leave the country before taxes takes affect

Vote Trump

I doubt that would happen. The EU is very socialist and while the income tax is high, the capital gains tax remains fairly low (the average is 20% in most countries but you can pay almost nothing in some countries). I think democrats would raise the income tax at worse

>Pay Once
>Pay for the rest of your life
The American tax system is the worst in the world! You think its going to get better? If you renounce, yea, you have to pay a tax, but it will be based on what your worth.
OR
set up off shore trusts, can be done cheap ($5k + running costs)...If you don't know about trust you should learn! Its how the rich stay rich! Also check out common law trusts (expensive).
/
Offshore companies that actually make the money, instead of you. The defintion of Person is a corporation. By starting up a company you are birthing anther person...But that person is stationary, i.e a piece of paper.
t. not a Mutt

because it will still be marginal tax,

so if your gainz are mostly capital but still only make 18k total income lol no one really cares.

Which countries? Germany, UK, France, Portugal, Spain, probably Italy have high taxes.

>What is Monero

>Makes money by investing
>money off of other people's work
>is upset when people want to make money off of your investments

Republicans are hypocrites fyi

Portugal, Denmark, Netherlands are all great to cash out crypto because of the low capital tax. Germany is also good if you don't touch your crypto for a year in which case you pay nothing.

Probably won't happen. Normies don't even understand what a capital gains tax is so democrats have no reason to raise it by a large amount because the average retarded millennial socialist won't even give a shit. They just want to slaughter rich people and steal their money.

I'm wondering what's gonna happen to my Roth gains, but I'm also not dumb enough to defer all taxes. What a fucking time to be alive.

It's between 28%-35% in Portugal, don't kid yourself. These motherfuckers are after something that's not theirs to take.

borjaonstocks.com/pt/2017/10/taxas-impostos-valias-dividendos/

Can't find anything in English.

Do you have sources for Germany and Netherlands? I like those countries. I thought Germany wanted to tax close to 50% on crypto gains.

This. If I make it with LINK I'm fucking out and moving to a tax friendly country like every other rational person.

You guys need to look up 'flag theory'. A/Multiple country for each.
1. Citizenship - Get as many as you can, best if your haven't signed up for social insurance/social security/National insurance.
2. Residency - A place where you can live, permanently & work (if needed), Panama has a great option with the Friendly Nations Visa, 5k in a bank + 2-5K USD set up, you get a permanent residency...You have to go 2 days every 2 years...
3. Corporation - Offshore low tax, Gran Cayman ect...Even Estonia, doesn't taxs untill profits are taken @20%, its all online.
4. Banking - Still a few places you can open an account with a passport & some forms. Mutts need to look at FATCA.
5. Where you live part of the time (no ties, a tourist)

Yuh

>[email protected]
Whats up Kelly?
You must know the rules!

I read about Panama, but not sure if I would need a lawyer to set up everything. I wouldn't trust the government there and mine if I were to cashout stuff and they they would make me pay taxes on my home country because I had no documents that I was out for 183+ days.

Perhaps i'll pay off my student loans, then bounce. I think my parents signed off on the loans... wouldn't want them to get stuck with the bill.

>Literally studying at autistic U

>vote trump
>be poor
>no tax on wealthy
>crypto explodes
>AOC becomes pres
>taxes the elite
>elite is now mostly made up of neets
now what.

Protip: Democrats are a big money party too, in fact they routinely outraise Republicans in total terms and from big donors in Presidential races. Your capital gains are safe, for the foreseeable future at least. I do see a coming battle between the establishment/corporatist arm of the Democratic Party and the new pseudo socialist upstart faggots.

>cash out
The fuckin cringe

Lmao. Peoople actually believe this.

1+2=2
blumpf = toast

>I would need a lawyer to set up everything
I haven't done it...yet. I would use a lawyer, its possible by yourself, just faster, those guys do it everyday of the week. You have to go there twice anyways, might try myself/stay for 6 months. Georgia is a place where you can stay a year, start up a company...
>I wouldn't trust the government there
Your not marring them...whats wrong with panama? FYI you don't have to leave the funds in the account.
>I were to cashout stuff and they they would make me pay taxes on my home country because I had no documents that I was out for 183+ days.
Bank somewhere other than residency/citizenship country (#4). Also, not sure where your from, but this is why you set up residency, just stay in panama (or elsewere) pay some tax...tell your home country your paying panama tax now. You have to set up a panama company anyways! After you can travel.

my investment is what allows the company to do its work you massive retard zoomer. everyone wins. but then my 70% capital gains taxes will go to funding jamals and deandres like yourself at the expense of my culture and literal safety. see the difference nig?

We already get taxed on income, retard. Capital gains are just asset appreciation and are risky.

>implying anyone here has 20 btc

I agree we have at least until 2024 and maybe 2028. After that you better have a home outside of America in mind. I'm thinking Japan or even New Zealand.

It will not be an easy transition for the hard lefties. Moderate Americans do not like taxes whatsoever. Checks and balances and separation of powers ensure there'll be some more back and forth, I say at least 15 years until we're showing signs of banana republic tier tax policy.

I'm from Portugal.
Do you think websites like these offshorewwDOTcom

panama-offshore-services.com/offshore_corporations_panama.htm

are legit services?

Thing is I have a family and I really don't want to leave them here. Would be cool to take my family to a tropical place for a few years just to relax.

Panama seemed like a cool place, not sure about crime. Fucking central america.

how much do you think you need to have to do it? is half a million good enough?

Well you see how quickly and thoroughly they have manipulated the culture the past decade. I still need to see the legit numbers regarding replacement rates for whites vs blacks/latinos to get a better feel for how much time we have. The end game will be that virtually all non-freak whites are gradually pushed right while simultaneously becoming the racial minority. I'll be having a good laugh at all these white college leftists once they hit 35 and realize what they've done to themselves. I'll likely be long gone from burgerland by then

It's funny when you done have kids. And if you don't, you're worse than the retard college liberals

>are legit services?
I doubt it!
Most of these places require you to go to anyways, Bank account openings, residency, ect. Don't do it over the net, sure use it as a guide, but meet the people.
>for a few years
This is a lifestyle you gotta have at least 2 countries more like 3/year....unless you just want this to be an extended holiday
> is half a million good enough?
For a family...not really, even for me, I would be worried.

>This is a lifestyle you gotta have at least 2 countries more like 3/year....unless you just want this to be an extended holiday

What about the 183+ day rule? Why would you want to stay that long in another country?

You don't need to stay in the country where you open your bank account, you need to stay in the country where you want the residency. There's the 183+ day. I would probably stay 1 year, but 3 is just insane.

I'm not having kids until I make it. I don't want that level of dependence on the American public and government to get its shit together. I also am bullish on life extension. Get rich enough and you'll probably look like you're 23 when you are 80. Check out George Church and SENS.

Huy

OK, this is epic.

Well, beginning of 2021.

No matter what you end up getting fucked if you're a mutt though, at least in the current state of affairs. Not trying to shill for anyone but all these tricks only seem to work for non US citizens.
That being said, I believe crypto will inevitably usher in the age of the sovereign individual where everyone begins acting on the flag theory principles you describe. Especially so once the governments begin to lose compulsion over money via taxes due to anonymous digital cash, etc. It's all very interesting and I'm not entirely sure how certain aspects are going to play out. Web 3 will be interesting as well ~

Attached: 324809328403928.gif (540x402, 1.17M)

What is this

1989 Tiananmen Massacre

>What about the 183+ day rule?
You gotta look into this! as i have been in the UK less than 15 years, I have to leave for 1 complete tax year, I can come back for 12 days or something...but after then its 183 days
>Why would you want to stay that long in another country?
Just at the start to get tax residency so the UK stops taxing me.
>You don't need to stay in the country where you open your bank account
Not everywhere
>you need to stay in the country where you want the residency
No. Read this post again! , the residency is more of a back up than anything!

>There's the 183+ day. I would probably stay 1 year, but 3 is just insane.
The whole point of this is to not be in a country longer than 183...I don't get the Q. Its possible to work it so you can stay in a country that doesn't tax foreign income but that is $£$£$£ expensive

Not a Mutt but have a look at if you are, this shit will have to be declared to the IRS btw...Its best to renounce

had a friend who left the country to go to the UK 1 day before receiving money in switzerland, lawyers told him to be in the UK for 183 days, after 90 days they said it was ok to come back. he came back, UK had him pay some fines and told him to not use any of his money for a period of something like 1 year. That period is going to end in something like a month.

>Just at the start to get tax residency so the UK stops taxing me.
Yeah, that's it. So you don't need to stay for a whole year in every different country. Maybe I understood you wrong, but you said you would need to stay atleast a year in every country.

>I have to leave for 1 complete tax year, I can come back for 12 days or something...but after then its 183 days
Didn't know land of the queen made you leave for a whole year + 183 days.

>The whole point of this is to not be in a country longer than 183
That's it! If I leave my country, I would only need to be out for 183 days so that I'm not taxed here.

>Read this post again!
But tax residency is needed for you to not get taxed in your home country and it's only given after 183+ days in no tax country.

If socialist wing of Democrats get in then the last thing u want to do is move into worthless fiat.

Hold your btc and move country or pretend u are poor when America becomes Venezuela and eat dogs along with the rest of them.

Do not wear a bitcoin tshirt unless u want people to bolt cutter your fingers off.

>but you said you would need to stay atleast a year in every country
I had a quick look, can't see it...thats wrong!!! Sorry!
>Didn't know land of the queen made you leave for a whole year + 183 days.
Yea the laws are a changing...its somewhat new. Check your jurisdiction.
>That's it! If I leave my country, I would only need to be out for 183 days so that I'm not taxed here.
Yea! just check, i don't know your laws.
>But tax residency is needed for you to not get taxed in your home country and it's only given after 183+ days in no tax country.
Its not just tax residency, its a backup if you need to live somewhere. You could do Portugal & Panama for example, just the 2 & satisfy the 183 rule...
You should look this up yourself, you can't trust the internet....

got it. good luck user

i read the other day the australian opposition party is going to increase capital gains tax 50%. amazingly they are favored to win, apparently.