Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Kicking the ant heap for probably the final time. Another message relayed:
(Fwiw, not Shelby's sock puppet. Try checking my posts over several years - but you'll believe what you want to believe ultimately)
Lets depart with someuseful information incoherent ramblings from a soured narcissist loon...
Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.
You can't change U.S. citizenship?
As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.
They take half as I understand it.
Land of the free indeed.
The exit tax for U.S. citizens only applies if you have more then $2 million net worth. It has onerous implications such as 10 years of ongoing reporting to the IRS when youre no longer a U.S. citizen.
There is one potential loophole. Currently there is a lifetime $11 million gift tax exclusion, so you could in theory gift your wealth to someone who would gift it back to you after renouncing. Note gift taxes laws in other countries are a maze, so you need to be careful if you gift to a non-U.S. citizen.
But given the Wiemar Republic collapse the West is..............
(Fwiw, not Shelby's sock puppet. Try checking my posts over several years - but you'll believe what you want to believe ultimately)
Lets depart with some
Quote from: Shelby Moore
Retiring to Portugal, 
https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free
https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free
Does not matter if you are a U.S. Citizen, you always have to pay income tax no matter where you are in the world.
You can't change U.S. citizenship?
As I posted in reply to you several days ago (albeit with not as much specificity, as I thought all needed was a reminder), you can renounce your US citizenship, but you get taxed for the privilege of doing so. Heavily.
They take half as I understand it.
Land of the free indeed.
The exit tax for U.S. citizens only applies if you have more then $2 million net worth. It has onerous implications such as 10 years of ongoing reporting to the IRS when youre no longer a U.S. citizen.
There is one potential loophole. Currently there is a lifetime $11 million gift tax exclusion, so you could in theory gift your wealth to someone who would gift it back to you after renouncing. Note gift taxes laws in other countries are a maze, so you need to be careful if you gift to a non-U.S. citizen.
But given the Wiemar Republic collapse the West is..............
zzzzzzzzzzzzz
and thanks for your input.
now kindly fuck off.