no, if you make that much money, hire a tax attorney
Crypto taxes
Lol
He is drug addict who has money problems and leader of a shitcoin with no volume.
What do you think?
Taxes are gay
Apply for an accelerated visa to the USA so the cartel doesn't rob and rape you
>If you make $100 million you'll end up giving away $35 million to Uncle Sam
This user gave you false information, or potentially untrue information.
As long as you wait one year before cashing out any capital asset, you will qualify for long term capital gains tax. At 100 million, long term would put you in the 20% tax bracket. You'd also pay 3.8% obamacare tax.
Your total tax burden would be 23.8% assuming you live in a zero income tax state such as Texas, Florida, etc. If you don't you have to add your states income tax to your total tax burden as well. If you actually think you are getting 100 million, I suggest moving to one of the ~6 or so states with no income tax so you can pay 23.8% tax rate.
Also if you trade your coin for ethereum, the 1 year waiting period starts over again. If you don't wait a year, you will get fucked in the ass by 37% tax bracket, + 3.8% obamacare + (state tax if you have it), for a minimum or 40.8% tax rate. Do not sell anything you haven't held for a year.
Move to PR, 0% capital gains
I honestly would consider doing that. But the way you guys got fucked up by that hurricane and how long it took to fix makes me think otherwise. For all I know, it's still not completely back to normal everywhere.
How long do you have to live there for that to kick in? Could I move to PR until PR tax status kicks in, cash out, then move back to the states?
My guess is you'd have to be a resident for 7 out of 12 months to be a resident for tax purposes.