which of these business types is the best to flow profits through once we become millionaires?
I dont want to pay 40% capital gains tax
Puerto Rico, or Malta.
could always move to puerto rico and wait to cash out
I want 0% taxes, malta is like normal trading gains.
Youre still taxed on all the gains from before you move to PR with act 22
You only get 0% tax on gains made after you move to PR with act 22
Cayman islands
And it's only after you've been there for a whole year. Not worth it
if you are neet and sell after 1 yr there are no capital gains tax
With sole proprietorship or partnerships, you only pay tax once, but then you’re on the hook if something goes wrong (customer injury, bankruptcy, etc).
Take up legal residence in South Dakota faggit
Imagine being so stuck in a poor mindset that you opt to sneak around instead of paying taxes even when you imagine yourself rich.
No you just have to move and then qualify anytime after you sell.
You can move day 1 sell day 2 then qualify 6 months later, its not the whole year faggot its half the year. Quit talking about shit you dont know jack about you fucking pajeet
imagine paying millions in tax
Capital gains is 40%?
Holy shit that's crazy
LTCG are 0% if you earn under 40k per year. Just hold for over a year. Then you can live off of your crypto sales without your wage slave job.
Just don't sell for a year and you get the long-term rate
Just fucking buy silver or gold for btc and sell it on Ebay or Amazon
im conservatively expecting 7 figures. i dont want a mound of gold in my house as i peddle it off to china men scammers on ebay.
i thought it was 30. 30 is still bullshit but cmon..
Bumping
Imagine not waiting a enough silver to melt into a bust of yourself at your house
so USA funds their infrastructure and all the brown cunts who live there get a free ride?