Bravo sir.
Personally, I like the idea that I will live longer than the US government will exist. At that point I can cash out into whatever I want to and not have to pay taxes on it.
I don't want luxury or "nice things". I want to live for hundreds of years and travel to new worlds. That will take money.
Personally, I like the idea that I will live longer than the US government will exist. At that point I can cash out into whatever I want to and not have to pay taxes on it.
I don't want luxury or "nice things". I want to live for hundreds of years and travel to new worlds. That will take money.
If you are loaded you can already renounce US citizenship and take another one, ideally in a country which does not tax foreign capital gains.
Yep. When someone have enough money he can do some things. ie: You cash out your first couple of millions, and pay taxes on them. With that money buy a residence in some tax heaven place. Monaco is expensive but a great option if you can afford it. Now you can keep cashing the rest without worries.
Wrong in the US.
Why? How does it work in the USA? If you establish your residence for a few years in that other place isn't that place where you pay taxes and not in the usa? I mean unless we are talking about real state or corporates that are in the USA in first place. Bitcoins are "nowhere".
In the US, you pay expat tax... which includes all the unrealized gains you made during the time you were a US citizen. As such, you aren't getting around paying the IRS their share... It would not be in your benefit to renounce US citizenship if the sole goal was to avoid paying capital gains tax. It doesn't matter that BTC doesn't exist solely in the US... the IRS currently considers it property and as a US citizen, you pay capital gains on property.
will go above 4500 and 5000$ later 
