[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 87 KB, 680x521, image.png [View same] [iqdb] [saucenao] [google]
20117331 No.20117331 [Reply] [Original]

Do you still have to pay taxes if you can prove you're mentally deficient and made the money by mistake?

>> No.20117345
File: 12 KB, 244x206, apu.jpg [View same] [iqdb] [saucenao] [google]
20117345

depends how serious the mistake

If you invent bitcoin by accident, i don't think they care

>> No.20117352

move to monaco, no capital gains tax, no income tax.

>> No.20117373

>>20117352
What's the buy-in to get into that casino/resort country? $500k or something?

>> No.20117435

Its a "country", buy in is that you have "financial independence", you must have about 700.000€ min. deposit on a Monegasse bank, rent/ or buy a appartment there, 30m2 one room flats are about 1.500.000€ if you decide to buy, parking space additional 200.000€ for buy. Then you can apply for permanent residency and have all the no tax goodies, not like the tax paying pleabians on most of this socialist hellhole called planet earth. But most pleabians don't want freedom, they need a master to serve.

>> No.20117450
File: 364 KB, 750x750, Huh.png [View same] [iqdb] [saucenao] [google]
20117450

>>20117352
I don’t understand. If I’m still a United States citizen at the time I make my gains, would I not still be taxed by the IRS? It’s not as simple as just moving to a tax haven is it?

>> No.20117471

Oh, you mean you’re a LINK holder?

>> No.20117490

>>20117450
They don't allow dual nationalities unfortunately

>> No.20117534

>>20117490
So if I renounce my citizenship and move to a tax haven I’ll be in the clear?

>> No.20117536

since the usa lost its freedom slowly but surley since 1913 with the establishment of the federal reserve system and the unconstitutional income tax, unfortunately us citizens are always taxed does not matter where in the world they live, you must give up your us passport, when you move to a tax haven, for people from other countries it is a bit easier because you do not have to give up your citizenship just your residency and you are taxed at the new place of residence, for example monaco.

>> No.20117600

another tax haven close to monaco is the petit country of andorra located in the pyrenee mountains between france and spain, the buy in is a bit lower than in monaco, you have to prove financal independance and buy real estate for at least 450.000€, there are defacto no capital gains tax, and the income tax is a flat tax at 10%. Otherwise its a nice little place, no crime good spanish and french food, mostly spanish speaking and a 2 hour drive to barcelona.

>> No.20118754

>>20117536
>>20117600
The US-Monaco extradition treaty doesn’t say anything about tax evasion but I’m still iffy about it
http://www.mcnabbassociates.com/Monaco%20International%20Extradition%20Treaty%20with%20the%20United%20States.pdf

>> No.20118775

>>20117331
Just plead insanity when they charge you with invasion

>> No.20118787

>>20118775
>invasion
Oh good god

>> No.20118837

>>20117600
>andorra
How's the business tax there? Considering setting up business in another state to reduce taxes but jeeez they really like taxing every little thing here and it may be simplier to move to another country.

>> No.20119278

>>20117331
No, otherwise nobody would ever pay taxes on crypto.