[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 930 KB, 750x775, 1519068018465.png [View same] [iqdb] [saucenao] [google]
20548194 No.20548194 [Reply] [Original]

>tfw 0% capital gain tax

>> No.20548286

how

>> No.20548302

>>20548286
become resident in 0% capital gains tax country

???

profit

>> No.20548328

>>20548302
duurrrhhh gee anon you sure are smart duuuhhhrrrr why didnt i think of dat duuuhhhh

>> No.20548332

>>20548194
Where do you hail from, my 3rd world friend.

>> No.20548347

>>20548194
How do i cash out there? Do they need to know where i got it from or what?

>> No.20548397

>>20548194
Puerto Rico, the only place Americans are able to avoid taxes abroad since it isn't technically abroad

>> No.20548414

>>20548286
>>20548347
born in a tax haven, how can I profit from this?

>> No.20548428

>>20548328
why would you post this when i didnt direct my answer to you, but to a retard that asked? what is wrong with you? are you also retarded?

>> No.20548461
File: 7 KB, 205x246, images.png [View same] [iqdb] [saucenao] [google]
20548461

>>20548414
>make profit
>don't pay tax

>> No.20548468

>>20548397
living in PR you might as well pay the taxes lol that place is a shithole.

for anyone who makes any serious cash money on crypto, renounce your citizenship and forget about the US, there are many other countries much better

>> No.20548484

>>20548428
Hes a Mutt, Along with >>20548332
>>20548397
>Being forced to live in a shithole worse that burgerland to save tax
just renounce already

>> No.20548502

>>20548194
here in NZ...haha

>no covid either

>> No.20548506

>>20548468
>>20548484
You can't renounce if you owe taxes. You'd have to renounce it first and then cashout or else they make you pay it before your renounce

>> No.20548508

>>20548428
because you’re acting smug about the most low iq way to avoid capital gains tax. and the best part is that you’re still going to get fucked by the irs

>> No.20548604

>>20548506
i know, pay your tax goy. You have to have your finances in order to renounce & have real freedom.

You also need a second passport, hilariously most mutts don't even have 1.

If you're looking for cheap I would suggest Paraguay, Put 5k in an account, get permanent residence, live there for 183 days a year for 3 years. :You can become a citizen & renounce. then you can be FREEEEEE

>> No.20548643

>>20548508
I'd say he's not mutt. he appears to understand you have to renounce US citizenship to have freedom at least.

This is a difficult thing for mutts to understand.

>> No.20548656

>>20548604
Lets say i done that. Do i just make a coinbase account for example and just send my crypto there and then to an account and im done? Or what do i need to submit.

>> No.20548703

>>20548656
First off, I don't know I haven't been through the process. Use google. I'm just pointing in a direction. To my knowledge its the cheapest way out.

https://nomadcapitalist.com/2017/01/30/paraguay-citizenship-residency-2020/
Best of luck
Big fan of Andrew, I'm seeing him in May.

>> No.20548804

>>20548508
yeah im not, im eu kek, mutts don't know shit about anything

>> No.20548860

>>20548703
ah, a man of culture I see. I also watch Andrew on a daily basis. My man... gonna meet up with him early next year. Good luck bro!

>> No.20548958

>>20548860
I can't wait, they pushed the event back to May. Sad
TBF, I got my plan. I'm going to execute next year. I've got 3 passports & i'll start my 4th next year, portugal is calling my name.

also I proudly can say i've turned down the Mutt passport. Its the worlds worst passport.

have you started a plan?

>> No.20548998

>>20548958
Awesome man, nah I have not, I've just been doing extensive research on everything, I'll hire Andrew early next year since that's when I want to move, I'll do it all pretty quickly, going to live in italy most of the time I think!

>> No.20549008

>>20548502
From NZ as well
Explain more to me about this. I am pretty sure we do pay taxes on crypto

>> No.20549160

>>20548998
>live in italy
really? why? last place I'd want to be a tax resident.

Not to belittle you but you do understand the difference between tax residence & permanent residence?

>> No.20549238

>>20549160
Yes italy, I just like it. I understand the difference, I've made a lot of money and will continue to make a lot of money and Italy has a lump sum tax per year, so no %, straight 100k per year to pay which is fine for me.

https://nomadcapitalist.com/2020/03/25/lump-sum-tax-countries/

>> No.20549411 [DELETED] 

>>20548604
And then you have only 1 passport, and it is Paraguyan. That is a fucking shit passport, even worse than the US one. You are willingly downgrading yourself to a third world passport just to avoid what is actually very low capital gains taxes (long-term US). The idea is something I considered many years ago, until I realized how fucking stupid it is.

>>20548703
>>20548860
Also, why are you hiring Andrew. You need to talk to actual tax lawyers and not fancy bloggers.

>>20549238
You really are making a ton of money then, what do you do?


Anyway to both of you I can say that I am european and have actually already done something that is similar to what you are trying to do. The primary problem will be that your home country wont let you go easily. For me, they still demanded I pay tax to them while being tax resident in another country and there is really nothing I could do about it. This became a massive pain in the ass because both countries wanted me to pay (yes, there is a dtt between them but still)
If you renounce citizenship, there might still be exit taxes to pay.

>> No.20549454

>>20548604
And then you have only 1 passport, and it is Paraguyan. That is a fucking shit passport, even worse than the US one. You are willingly downgrading yourself to a third world passport just to avoid what is actually very low capital gains taxes (long-term US). The idea is something I considered many years ago, until I realized how fucking stupid it is

>>20549238 #
You really are making a ton of money then, what do you do?


Anyway to both of you I can say that I am european and have actually already done something that is similar to what you are trying to do. The primary problem will be that your home country wont let you go easily. For me, they still demanded I pay tax to them while being tax resident in another country and there is really nothing I could do about it. This became a massive pain in the ass because both countries wanted me to pay (yes, there is a dtt between them but still)
If you renounce citizenship, there might still be exit taxes to pay.

>> No.20549471

>>20549411
>Also, why are you hiring Andrew. You need to talk to actual tax lawyers and not fancy bloggers.

because for me it is worth doing it, just pay him to do it and he will do it properly, talk to the lawyers etc, convenience is worth it!

>You really are making a ton of money then, what do you do?

real estate, crypto, businesses

>The primary problem will be that your home country wont let you go easily.

lucky for me they will, my country will let me go as long as I do not have any ties to the country, no family, no permanent housing, etc. the moment i move out I am not liable to pay any taxes to them, so nice

>> No.20549609

>>20549238
Great to hear you're taking control of your future! Best of luck Anon

I see life now I see how 'rich' people run their life.

>>20549411
>That is a fucking shit passport
you must be dumb

From the article you're too smart to read
>With a Paraguayan passport you can access the EU, Russia, the UK and Ireland.

>still demanded I pay tax to them while being tax resident in another country
That's the way it works, You are still a tax resident for that year. You have to actually move somewhere & make 'ties' to the area.
You're just pissed off as you didn't understand what you were doing by the sounds of it.

Where you from in the EU? Norway?

>> No.20549630 [DELETED] 

>>20549411
for you>>20549609

>> No.20549667 [DELETED] 

>>20549454
see >>20549454

>> No.20549698
File: 3.08 MB, 1280x1024, theheroweneed.png [View same] [iqdb] [saucenao] [google]
20549698

>>20548468
>for anyone who makes any serious cash money on crypto, renounce your citizenship and forget about the US, there are many other countries much better

Nah.

>> No.20549712
File: 41 KB, 729x859, 1558200202248.jpg [View same] [iqdb] [saucenao] [google]
20549712

>>20548286
By never selling

>> No.20549721

>>20549712
hehe based

>> No.20549738

Supposedly, Vanuatu is a good passport. Zero income tax and visa access to the EU and Russia, for the price tag of $150,000.

>> No.20549977

>>20549738
>Vanuatu
https://www.theguardian.com/world/2015/mar/17/vanuatu-disaster-the-island-hit-by-an-earthquake-a-volcano-then-cyclone-pam

looks safe AF
I like that you can open your own back for about 500k USD
Great place exect to live, I've never been there, but looked at heavily at the start of my journey. You're probably at the beginning yourself i'd guess

>> No.20550053

>>20549609
Good luck to you too anon!

>> No.20550085
File: 1.37 MB, 900x866, 1581654658510.png [View same] [iqdb] [saucenao] [google]
20550085

>>20548194
I know that feel.

>> No.20550226

>>20548484
Singapore is worse than niggerland?

>> No.20550260
File: 277 KB, 1504x2016, 1565203893437.jpg [View same] [iqdb] [saucenao] [google]
20550260

>>20550226
Shhh the mutts shan't know

>> No.20550340

>>20550226
>1 post by this ID

>> No.20550647

>>20548194
Well yeah, when your shitcoin has become worthless you don't need to pay any tax.

>> No.20550691
File: 18 KB, 509x339, hm.jpg [View same] [iqdb] [saucenao] [google]
20550691

To be honest i would have no reason paying taxes but im to paranoid they will try to fuck me over some way and steal my crypto

>> No.20550824

>>20549471
>lucky for me they will, my country will let me go as long as I do not have any ties to the country, no family, no permanent housing, etc. the moment i move out I am not liable to pay any taxes to them, so nice
Sound similar to what my country says, but they still did go back on their word...

>>20549609
>That's the way it works, You are still a tax resident for that year. You have to actually move somewhere & make 'ties' to the area.
>You're just pissed off as you didn't understand what you were doing by the sounds of it.
>Where you from in the EU? Norway?
I both made ties to the new country and cut ties to home country. However, it is still 100% based on the feelings of the tax administration, i.e. if they feel like you might move back or if your new ties are not "permanent" enough, they can just choose to fuck you over.

>> No.20550932

>>20548468
I've never seen such an anti PR SHILL like you.