Quote from: philipma1957 on April 07, 2025, 10:26:04 PM

Quote from: gallianooo on April 07, 2025, 07:58:19 PM

Quote from: OgNasty on April 07, 2025, 07:22:31 PM

Quote from: cAPSLOCK on April 07, 2025, 05:18:35 PM

I have been hoping this administration would cut or even eliminate capgains taxes.

I should be careful what I wish for. 😵‍💫

Funny, but I'm sure most of the people in this thread are still sitting on massive capital gains. For me personally, the difference between paying capital gains taxes on $100K Bitcoin or selling tax free at $80K isn't all that much of a difference... Just putting things in perspective.

With such huge gains this year I think it was obvious we'd see a correction as people liquidate to pay their tax obligations. Trump seemed to magnify that by using this time to implement his tariffs. Almost like they wanted the price to fall... Like they were planning a buy in the near future or something...

What I have a hard time understanding about all those who made huge capital gains — let’s say high 7 digits, but more realistically 8 digits — is this:

Why stay a tax resident in a country that taxes your capital gains? (Especially when, let’s be honest, you should’ve left well before this cycle.)

And for the unlucky U.S. citizens: why haven’t you renounced your passport after securing a second (and ideally a third one), instead of keeping that Uncle Sam noose around your neck?

Well lets say back in 2012 when coins dropped to 7 bucks after the first 1/2ing that I purchased 200 coins for 1400 and held them all.

If I left the USA last year right after trump won AND CASHED in those coins on Jan 20 for 20million I would be obliged to pay usa taxes via claw back laws.

To avoid the taxes I would need to move to a non capital gain country and hold for a while not a few months.

Maybe at least 3 to 5 years.

or just cash while in the states and pay the 5 million on the 20 million more like 6.5 million as New Jersey would get me to.

Are there any specific rules or laws, as a U.S. citizen, requiring you to maintain your new residency for at least 3–5 years after changing it, specifically regarding capital gains?

If not, most countries without capital gains tax or with a territorial tax system do not require such a period. You can generally take your profits the following year after relocating.

gallianooo

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