Stack sats cool so let's go forward 10 yrs you bring ya bitcoin out of cold storage how's the tax on gains.

Huge right depending on price of bitcoin in 10 yrs. But if u move to a country where there's a no gains tax ur good

  • Well yeah taxes are different depending on the country

    parent

  • Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.

    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

    parent

  • But if u move to a country where there's a no gains tax ur good

    There are many legal and illegal ways to avoid paying taxes, but simply moving to another country doesn't always fix the problem. US and Eritrea are examples that tax based upon citizenship(yes this is a form of slavery or feudalism) rather than residency where you need to give up your citizenship first

    parent

  • So you pay taxes on capital gains in places that tax capital gains, and you don't pay it in places that don't tax them?

    That's wild.

    parent

    Well it's tax cattle collection really.

    Most don't realize but if u live in a nation that taxes everything that's not good but it's so normal that most don't think of hang old wtf we taxed like cattle.

    Why do u think all the wealthy or alot of wealthy people live in Dubai

    It's safe asf it's tax free it's got everything 99.9% of people with serious wealth want. In close proximity.

    They built a playground for wealthy people.

    Australia is a tax cattle paradise

    parent root