My partner and I are writing a check to the IRS for a bit north of $350K, for the January 15th quarterly deadline.
LTC and BCH to fiat activity.
Taxation is theft.
Sheeeit.
That is a very large tax bill. I wonder what sort of mayhem and destruction the US gov't will get up to with all that money.
Same here on the taxes, and probably a larger one next year.
Remember if in the USA, you'll get hit with the gains tax 20%+, the NIIT tax (Obamacare) 3.8% on top of that, your state/local taxes on top of that, and you'll probably have to pay a lot more and loose all your deductions as you'll pay AMT taxes instead of regular.
UG!!!!!
I'd rather pay 200K for a Vanuatuan passport and a 1-way ticket.