Quote from: Elwar on July 24, 2018, 08:45:10 AM

Quote from: jbreher on July 24, 2018, 05:51:46 AM

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Interesting. So essentially, I can sell all of my bitcoins and invest in something in some poor neighborhood. Then if I keep it 10 years I owe no tax.

But what could survive in a poor neighborhood that would be worth anything in 10 years? Gold store full of gold? Lambo dealership?

I seriously don't see anything in the US being as valuable in 10 years as keeping my bitcoins.

Fair enough. You've made many steps toward divorcing yourself from the land. Some of the rest of us... not so much.

Checking the maps, there are qualified Opportunity Zones quite near me.