Quote from: Owen_Smith on August 18, 2018, 09:50:26 PM

It's so interesting that everybody here is talking about tax laws. Some are talking about tax fraud. Squatz1 is the only one that mentioned anything about a country, when he said "Americans". Don't you guys realize that every country has it's own laws? There are actually countries with no capital gains taxes. I think it's key to point out what country you're talking about when you start talking about laws. Of course all governments would love to have some more money, but they can't lose something they never had.

While most countries do have their own laws, and when I was talking I was talking about the United States most countries tax laws are going to be pretty similar when it comes to short term capital gains vs long term capital gains. Most countries do have their own sort of capital gains, and long term is the best capitals gains to have (speaking on a tax savings way of thinking here)

But yes, some countries don't charge capital gains tax at all - though typically this is done for people that are foreigners to the country, and not the people living in the country itself. I don't know of many countries which have no capital gains tax for their own citizens and for foreigners.

Back on topic here, don't take tax advice from some random guy on the internet. Read into stuff yourself and consult a tax professional in your area.