Post
Topic
Board Legal
Re: Bitcoin tax value
by
tanoe
on 08/10/2018, 14:14:26 UTC
With tax calculations like this? why don't you keep your assets outside of the country where you live. because in my opinion, it's very crazy. your assets will only continue to decrease due to unreasonable tax calculations.
It's not as easy as it may seem, especially when my local tax authority knows what I have because I declared my holdings. In total they know about 40% of my Bitcoin holdings and the rest is secured without anyone knowing.

By hiding 60% of my holdings I effectively have made sure that they can't tax me over that part of my net worth, but that also means that I have to figure out how to legally use these funds somewhere in the future.

Good thing is that Bitcoin has so much more potential to increase, that inflation and tax hits aren't really a problem in the long run. The Bcash fork last year was a welcome event with how I use the free coins to pay my taxes with.

Woooww, it takes patience and a smart strategy to hide most of your assets while 60% of those assets cannot be used freely without tax. isn't it ?
and, does relying on a fork event be the only solution? I think you have to think of another solution. because this is an event that doesn't even happen, right? what your another plan ?