First of all I want to spell out a big F-U-C-K_Y-O-U to all of you criminally minded tax evaders.
Secondly, I just figured out how low my actual long term capital gains taxes are going to be when I begin my cashout strategy.
Lastly, it isnt anywhere near the extortion rate that these pernicious niggers have mislead Zig Forums to believe. You don't need a tax haven like some mentally crippled faggot who wants to get murdered by Caribbean niggers just to save himself $20k/yr on taxes. No, just man the fuck up, pay the $20k/yr on that long term capital gains you cashed out and enjoy your indoor/outdoor swimming pool combo year round.
Don't fuck with me on this you criminal degenerate. The price to pay isnt that high and the safety exchange and quality of the United States is much higher than the 2nd world shitholes most of you shill as alternative cashout tax avoidance strategies.
Again, do not fuck with me on this, I have just completed more than 500hrs of research on the subject of offshore banking, 2nd citizenships in no-tax nations, renouncing, the exit tax, ALL of it. The best running simulation is to simply fly an American flag, shit on the europoors, pay your taxes and enjoy the benefits of having one of the BEST passports travel wise any nation offers. Thats right niggers, MAGA.
>inb4 commie cucks and socialist brainlets REEE and Caribbean citizenship holders kevetch about the "great savings" that renouncing has earned them first off, you paid a minimum of $100k+ to get that citizenship by investment passport and 2ndly you dont sleep good at night because you know those countries are NOT safe.
>inb4 you cant inb4 your own thread and especially not the OP watch me, faggot
>taxes are not business related maybe you are the one who needs to go back.
Jaxon Green
>First of all I want to spell out a big F-U-C-K_Y-O-U to all of you criminally minded tax evaders If you evade taxes in any capacity, you are criminally-minded. Pay your government what it rightfully deserves.
Alexander Ortiz
Taxes are theft.
Evan Smith
checked and confirmed the criminal tax evaders all go to PRISON.
Fuck the government. My home is destroyed by invading africans and muslims that the government brought in. No fucking way am I paying money to them. Not a fucking chance.
Mason Perez
Um user. Most of us trade often meaning our gains are taxed at the same rates an income. You make a mear 200k this bull run and you’ll pay nearly 40% tax...
Jason Perry
cucklord master
Parker Bennett
>NOOOOOO YOU CANT JUST STOP PAYING TAXED T THAT'S IMMORAL.
I haven't done the math lately cause I'm a NEET but if you're a prole NGMI incel you can actually do pretty well financially just by learning how to do some sort of trade or profession (doesn't even need to be a 4 year degree), living super frugally, and hiding all your money from the tax man in IRAs, 401ks, HSAs, etc. Just go to a CFP and tell them to hook you up. Since you are too lazy to do that I will tell you:
>12k standard deduction >6k traditional (tax deductible ira) >18k 401k >hsa of a few thousand
That's 40k+ you don't have to pay taxes on. live off 1k/month. You can live better than most people who have ever existed and buy the protection of the greatest military ever for like $1k/year.
John Taylor
user, I have about $3Million i want to cash out for. i live in Nevada. made about 70K last year. What kinda taxes will i pay roughly..any strategy you would suggest? I want to invest $2M into RE and $1M on speculative tech plays. I will pay taxes...just wondering what im in for. Thanks user
Sebastian Jones
That's right. Somebody has to pay for all these niggers and single moms. They certainly aren't going to do it themselves.
Gavin White
Holding for about 2 years so no long term capital gains
Jose Bailey
>protection of the greatest military
911 disproved this.
Parker Smith
>user, I have about $3Million i want to cash out for. i live in Nevada. made about 70K last year.
THIS right here has fucked you. If you were going to renounce and do the Caribbean citizenship = no taxes ever strategy you CANT now because your net worth is over $2MM - which btw is the trigger for the EXIT TAX (last time you pay US taxes in order to renounce and then never pay them again).
The Exit Tax is fucking BRUTAL. Its cheaper to retain US citizenship and just cash out smaller long term capital gains each year, something like $125k.yr. Because if you were to pay the exit tax it would be a 45% tax on your entire net worth regardless of whether you have sold the assets or not. It is extremely expensive and will wipe you out.
I'm in a similar situation which is why I posted this thread. In my case, and (You)rs its cheaper for us to remain US citizens.
Jeremiah Edwards
Based and freedom pilled
Luis Hughes
How do I find a good financial planner to cash out in a way that legally minimizes my taxes? I have a few mil in LINK that might be more by 2021.
Jose Parker
So are you just advocating for pic related, then, or are you going to tell us how actually follow your supposed foolproof strategy?
Anthony Garcia
you dumb? you still have to pay federal.
Nolan Gray
>BEST passports Also, just print the money to fund the government instead of implementing taxes. Problem solved. Im not paying either way btw so good luck.
My full proof strategy is to store permanent value into stable coins near the market cycles peak, then cash those gains out gradually as long term capital gains. If you are cashing out $150k in long term gains, you are going to be taxes at around 24% assuming you are single and this is your only income for the tax season. If you throw income tax into it, your rate will go higher, so some times its better and cheaper to quit the job and live off long term capital gains. This is the case for me at least.
And about pic related, while it may be legal, smart, finance pilled, and all that - its a pretty big headache to pull it off right but it can be worth it if you are a true grit business man.
What did it for me is the notion of safety in general. Lots of horror stories come from the 2nd world, trust me on this. First worlds are the only real end game for a man wanting to comfortable enjoy his twilight years in peace. So the higher IQ play is to just nutt up and pay the 24% tax rate in America rather than gamble with your safety in the 2nd world.
Julian Rivera
I have not made the crypto to fiat move yet. pondering a good way to exit the market and use my $ to invest for long term security. If I don't pay taxes on my crypto its useless. I can't take advantage of the opportunity wealth possesses. Ill be meeting with a tax lawyer and fiduciary next week to get a better idea on what to expect.
Bentley Smith
I'm aware of this. I think its about 18% Fed rate on Long term gains
Aaron Stewart
Okay, before you do a fiat exit consider your banking solution. A lot of banks will freeze your account if you get a large deposit from Coinbase sent to it. Happened to lots of ppl.
My go to solution for this problem is the "crypto friendly" bank that Peter Thiel created called n26.com They wont ever fuck with you over crypto shit, ever. So use them to cash out, best advice. But I wouldnt cash out too much fiat and leave it sitting around, serious inflation problems with the currency. You'd be safer if you stored value in stable coins. id RSV, DAI, and RSR if you really want to get big brained.
Jacob Martinez
In for legit info/responses.
1) if you are constantly accumulating how do you cash out only your long term capital gains? Say You have a pool of one type of coin ranging from 4 years ago to 1 month ago...you can’t cash out those specific 4 year old coins bc how would you know which they are? Do you just look at your transactions and add up how many coins you purchased in the 2-4 year range ago and cash that amount back into fiat and all those fall under long term capital gains?
2) does the money have to be locked up into coins for 4 years to be long term capital gains? What if you want to time the top and cash then into fiat...can you leave that money in fiat and keep the clock counting for long term capital gains...or as soon as you trade back to fiat that’s when the clock stops and your tax is determined?
Jason Jones
What’s it like being a tax collector? Do you feel good about yourself when you take some poor shmucks money and give it to a nigger or spic? Real rewarding job you got there
Benjamin Nguyen
1 year hold only for long term capital gains on crypto taxes.
Jason Butler
1) You answered your own question. Yes but your time frame is off. 12 months+ qualifies as a long term capital gain in the US. Not 2-4 years. 12 months+
2) I have no idea what you are even trying to ask here. It's too autistic of a question man, try again.
I'm just a goy like you with a unhealthy hatred of the Jews. But what I'm not is retarded enough to bet against the US prison system and the IRS and try to fuck them over on taxes because its a tale as old as the IRS and always always always lands retards in prison.
