Bitcoin Breaks $100K-Prepare for Crypto Taxes NOW

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Nomad Capitalist

Nomad Capitalist

Күн бұрын

Пікірлер: 228
@nomadcapitalist
@nomadcapitalist 3 күн бұрын
There is a lot to be aware of-not only for bitcoin and crypto investors-when it comes to the USA exit tax. In this video, we expose lies, clear up misconceptions and reveal the real costs involved in leaving the USA, whether by renunciation or moving to another country as a US expat: kzbin.info/www/bejne/emWqiJaXmduDbZo
@danielstarns4184
@danielstarns4184 Күн бұрын
The key is, never sell it, just loan against it and maybe pop off some gains to cover the loan at the peaks.
@InvestgoldUK
@InvestgoldUK 18 сағат бұрын
Won’t work in unrealised capital gains countries. There are already several in the EU
@p.newsman
@p.newsman Сағат бұрын
​​@@InvestgoldUKSeveral, for Crypto/BTC, yet? Really?! May be thinking about...
@ChloeSmith-Go
@ChloeSmith-Go 11 сағат бұрын
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude
@mohamedmohamed-zm5bo
@mohamedmohamed-zm5bo 11 сағат бұрын
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
@chinboldradnaa3828
@chinboldradnaa3828 11 сағат бұрын
This time last year I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. I got into the market with 15k, One year and a couple of months in, and I’m up with 550k. I truly cannot stress enough how helpful experts in this field are!
@awzazlm912
@awzazlm912 11 сағат бұрын
Great content! Very interesting from the start. These are challenging times and I appreciate the sensitivity with which you discuss global finance. Trading and investing are great ways to build wealth and I have no doubt about the profitability of the cryptocurrency market. Earning a weekly income of $35,000 even during a recession and high inflation is impressive. Amazing Roger Anthony Ruz is doing a fantastic job and is the perfect person to lead these investment activities.
@mohamedmohamed-zm5bo
@mohamedmohamed-zm5bo 11 сағат бұрын
How can some newbies like me get benefited from this, im new into crypto
@awzazlm912
@awzazlm912 11 сағат бұрын
Of course yes, he provide accurate guldance to both new Commer or experienced taders
@Margaret-i88
@Margaret-i88 Күн бұрын
Nice video coverage keeping up with current trends and strategies can help traders stay ahead of the curve and make informed decisions, It is important for beginners in trading and investing to understand that success in these fields requires technical analysis, emotional maturity, and self-discipline. Thanks to steve michael steele insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead
@Margaret-i88
@Margaret-i88 Күн бұрын
He mostly interacts on Telegrams, using the user-name,
@Margaret-i88
@Margaret-i88 Күн бұрын
@ steve_894. he is verified..
@davidson-565
@davidson-565 Күн бұрын
I’ve just looked up his name and found him without sweat, very much appreciate this
@Pete-566
@Pete-566 Күн бұрын
Before i encountered steve michael steele, I was losing trades but his expertise in technical analysis, coupled with his effective risk management strategies, has helped me navigate the volatile market with confidence.
@JohnClinton-j4d
@JohnClinton-j4d Күн бұрын
Thank you for sharing this valuable information. It will be especially beneficial for young investors with limited knowledge of how the market operates. Your concern is much appreciated.
@markc6411
@markc6411 Күн бұрын
Thanks, Andrew. I'd like to hear more about El Salvador.
@keangwooichoo6138
@keangwooichoo6138 2 күн бұрын
Crazy. Wish i bought it 10 years ago
@laxxai
@laxxai Күн бұрын
same, but the second best day to invest is today
@MaseraSteve2
@MaseraSteve2 6 сағат бұрын
If you want to catch up find alt.. I experienced it with small scale but still great to bulk up the savings nonetheless
@user-xg6yc8ho3w
@user-xg6yc8ho3w 2 күн бұрын
Russia has low tax and is pro crypto.
@geoms6263
@geoms6263 Күн бұрын
yes yes....and people are arrested just for blank papers😉
@jasonbuksh2958
@jasonbuksh2958 50 минут бұрын
…. And you are sent off to foreign wars
@othervice
@othervice 2 күн бұрын
If you pay taxes on your Bitcoin you are doing it wrong.
@mrcat5992
@mrcat5992 2 күн бұрын
especially when those taxes are being used against you... its your duty.
@noelwalsh9341
@noelwalsh9341 2 күн бұрын
exactly ill never pay taxes on it
@Hmmm313
@Hmmm313 2 күн бұрын
XMR
@pawlieblog7967
@pawlieblog7967 2 күн бұрын
Oh wow That sucks! You mean I might be paying taxes on my millions?
@pawlieblog7967
@pawlieblog7967 2 күн бұрын
@@mrcat5992in what way? You mean you might have to pay a few taxes? Ain’t nobody suffers more than you multi millionaire men. I feel so sorry for you, bros.
@mattanderson6672
@mattanderson6672 11 сағат бұрын
Fantastic discussion Excellent analysis Thank you Sir Thank you Andrew
@MorganDavid-v1c
@MorganDavid-v1c 15 сағат бұрын
I bought 2 bitcoin at $40,000 wanting to exit with at least $200,000 but at the moment i am worried that bitcoin won't get to $200k in this bull run, as post halving has not seen bitcoin break its ATH. I need advice, should i cash out now and put my money in safe investments or still hang-on?
@genestone4951
@genestone4951 5 сағат бұрын
Sell it all and buy a lotto ticket. Sure to be a winner!
@p.newsman
@p.newsman 59 минут бұрын
You may transfer them to my wallet... I get it done for you. ;)
@ajfeinman
@ajfeinman Күн бұрын
Good practice is to uninstall all of your crypto related apps from your phone prior to arriving at any airport. And then reinstalling everything after you land at your destination.
@MaseraSteve2
@MaseraSteve2 6 сағат бұрын
smart
@maxflight777
@maxflight777 2 күн бұрын
If you held it for a year or more. Portugal won't tax gains.
@geoms6263
@geoms6263 Күн бұрын
🧡
@Jennifer-xq2yu
@Jennifer-xq2yu Күн бұрын
I had problem comprehending trading in general. I tried watching other KZbin trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow..
@Roman-hg8bz
@Roman-hg8bz Күн бұрын
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
@Jennifer-xq2yu
@Jennifer-xq2yu Күн бұрын
Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Violet Zyaire, restored hope shes a good woman
@akirbenneth
@akirbenneth Күн бұрын
Since meeting Expert Violet Zyaire., I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.
@PelikPernandes
@PelikPernandes Күн бұрын
Violet Zyaire. signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. Its huge returns is awesome! I can't say much.
@marktilburay
@marktilburay Күн бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
@sQSZeSV61EU4hyUka2oIx
@sQSZeSV61EU4hyUka2oIx 2 күн бұрын
Yeah right, look at Roger Ver
@lilianat7533
@lilianat7533 2 күн бұрын
Thank you Andrew. I want to hear about El Salvador
@geoms6263
@geoms6263 Күн бұрын
what is taxes Sir?
@genestone4951
@genestone4951 5 сағат бұрын
Stuff that people pay if they don't know how to trade crypto.
@robstone4537
@robstone4537 9 сағат бұрын
I lost my crypto wallet in a boating accident and can’t afford to live in Australia any more, where do you suggest I move to?
@p.newsman
@p.newsman 58 минут бұрын
Sydney has nice bridges, right?
@aristochat3
@aristochat3 Күн бұрын
Denmark is taxing it as income?!
@andieb8230
@andieb8230 Күн бұрын
So is Australia. And if an Australian citizen leaves Australia they have to pay CGT on the way out
@RichardRietdijk
@RichardRietdijk 2 күн бұрын
The real answer is to never sell your Bitcoin.
@calontour
@calontour 2 күн бұрын
🤝
@philthompson2239
@philthompson2239 2 күн бұрын
that won't matter. exit taxes are calculated on asset values, not on realised capital gains.
@ballaxniang
@ballaxniang 2 күн бұрын
@@philthompson2239they can’t know if you don’t tell them
@UPdan
@UPdan 2 күн бұрын
Government quantum computers know you own it and where it is and the code.
@amxdai4568
@amxdai4568 2 күн бұрын
Yeah man, keep it all in there until your old, frail, and unable to enjoy your profits👌HODL 4EVAAAA
@DanXRP
@DanXRP Күн бұрын
Great informative video.
@nomadcapitalist
@nomadcapitalist Күн бұрын
Glad you enjoyed it!
@tedwest2500
@tedwest2500 2 күн бұрын
El Salvador
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
In this video we explain and clear up misconceptions about El Salvador's citizenship by investment program for Bitcoin investors: kzbin.info/www/bejne/aZzJfICFmtJphZI
@vladimerputin7911
@vladimerputin7911 Күн бұрын
There is no 2nd best...
@geoms6263
@geoms6263 Күн бұрын
MSTR stock 3 x btc, Btc option 6 x 😉
@Peterogen
@Peterogen Күн бұрын
I like el Salvador
@hsingh1770
@hsingh1770 2 күн бұрын
Err, cold wallet. Lost it. Move to another country and find your wallet 4 years later 💁🏼‍♀️
@genestone4951
@genestone4951 4 сағат бұрын
Cold wallet....with a clean address history! In other words, not sending BTC directly from CB to the cold storage
@mauricebassanello6175
@mauricebassanello6175 2 күн бұрын
A question for you is if I renounce my US citizenship would I forfeit my social security benefits? Or other American benefits ?
@johnsilver1800
@johnsilver1800 2 күн бұрын
Brother… ChatGPT is a thing.
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
In this article, we have cleared up myths about giving up US citizenship: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/. Hope this helps!
@chelseaandhobbes
@chelseaandhobbes 2 күн бұрын
Has there been mention of a UK exit tax? If so when is this happening?
@5thdimension954
@5thdimension954 2 күн бұрын
I wonder if it’s in Jan when they start the entry fee from folks from the US
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thanks for your question. Mr Henderson discusses the potential UK exit tax in this video: kzbin.info/www/bejne/oJ6bipKlh51_iZY
@WealthyChronicle
@WealthyChronicle Күн бұрын
Bitcoin at $100K? The real question is, will governments ever let us enjoy it without squeezing us for taxes? 🤔
@covidisascam4556
@covidisascam4556 2 күн бұрын
Wait until countries declare bitcoin tax free.
@Enhancedlies
@Enhancedlies 19 сағат бұрын
more on El Salvador for sure
@rachelevans202
@rachelevans202 2 күн бұрын
Yes, please, more about El Salvador 🎉
@jmencoboni
@jmencoboni Күн бұрын
Any thoughts on common law ? 508c's ? Setting up a foundation in the private sector ? Definitely planning on different passports and residency as well . I know even in the public sector ... Removing ones individual status in the "system" is crucial in keeping a much greater portion of any gains .
@alexsorov1958
@alexsorov1958 Күн бұрын
If you know what to do with your bitcoin, it is very very easy to “evade” from the tax 😉
@genestone4951
@genestone4951 5 сағат бұрын
indeed
@FrenchyRider574
@FrenchyRider574 3 сағат бұрын
What do you mean ? Not sell it ? Or you have info about how to avoid tax ?
@Unknown_rbnx19
@Unknown_rbnx19 2 күн бұрын
You only pay taxes as you sell. Unfortunately for Uncle Sam, I wont ever sell my Bitcoin.
@Jets228
@Jets228 2 күн бұрын
He's discussing exit, or departure taxes, for those who permanently leave their countries. When you do leave, there's a deemed disposition of all capital assets and you need to pay those capital gains, despite not "actually" having sold those assets.
@mauricebassanello6175
@mauricebassanello6175 2 күн бұрын
El Salvador
@herbertvonsauerkrautunterh2513
@herbertvonsauerkrautunterh2513 11 сағат бұрын
I would really like to get some ideas for investing or starting a business in another country. I can do it at home but overseas is a bit different. I know what i can do in Thailand but i have no idea for places love Malaysia.. maybe buy into something as a share holder?
@nmdc93
@nmdc93 2 күн бұрын
How does a country prove you own btc when your wallet is anonymous?
@DadolfShitler69
@DadolfShitler69 Күн бұрын
Exactly 💯
@p.newsman
@p.newsman 45 минут бұрын
It's not really anonymous, BTC is pseudonymous. Because lf there is a link from a bank account to an exchange wallet the blockchain Explorer shows all transactions etc. and may be your wallet holdings in total for anyone who is interested in these Informations...
@pato_bravo
@pato_bravo 2 күн бұрын
Yet again, an excellent video full of value. Thank you!
@doctorbilalrizwan7766
@doctorbilalrizwan7766 3 күн бұрын
You have changed my life !! Thanks for everything you teach ..
@nomadcapitalist
@nomadcapitalist 3 күн бұрын
Thank you for the kind words!
@MaseraSteve2
@MaseraSteve2 6 сағат бұрын
I just realized my country taxes for it really cheap like 0,22% instead of 20-30% I kid you not! looks like I'm not moving anytime soon 😂😂😂
@musyclover
@musyclover 23 сағат бұрын
2026 Naru has 1 million people living on it
@andrewheron2399
@andrewheron2399 Күн бұрын
If a country has capital gains tax, then it covers buying and selling of crypto.
@genestone4951
@genestone4951 5 сағат бұрын
no government has the right to steal your money.
@samskie88
@samskie88 2 күн бұрын
🔥🔥🔥
@terezadasilva2745
@terezadasilva2745 2 күн бұрын
Andrew ❤
@dawids90999
@dawids90999 2 күн бұрын
What about thailand? There is no tax on crypto there. I currently live in UK working as paramedic and investing in crypto. My plan is to eventually move somewhere nice and cheap with no crypto taxes and live off my invested money and reinvest further into different assets not necessarely in same country. I dont mind spending most of my time in that place (like thailand). What do you think my options are Capitalist Nomad?
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
In this recent article we cover the worlds most crypto friendly countries: nomadcapitalist.com/finance/cryptocurrency/most-crypto-friendly-countries/. If you'd like our help, don't hesitate to reach out. Our team would be happy to assist: nomadcapitalist.com/apply/
@alexfrog9191
@alexfrog9191 Күн бұрын
Thailand does tax you on capital gains from crypto. Just like the UK
@dawids90999
@dawids90999 Күн бұрын
@@alexfrog9191 yes I just noticed. Dont know where I got it from previously that is 0% on crypto. Nevermind xd
@jamescc2010
@jamescc2010 Күн бұрын
Welcome to Thailand krub. We will be back in Jan 25.
@cryptovette3612
@cryptovette3612 2 күн бұрын
This is why I'm looking to leave Australia, currently pretty keen to move to Montenegro. We're going on a holiday there next year to see what it's like and get a feel for the place. They only have 9%-15% tax, seem very welcoming to foreigners, and the country looks beautiful.
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thank you for sharing. Taking a holiday to get a feel for the place is a great first step. If you need assistance with making the move to Montenegro or exploring other options that might suit your goals even better, our team would be happy to help: nomadcapitalist.com/apply/. Enjoy your trip!
@matthewnirenberg
@matthewnirenberg 2 күн бұрын
I'm trying to leave Australiastan as soon as possible so I can live somewhere I can work and thrive and where taxes are ideally 0% PIT so I can use crypto and not lose it all to the ATO as 'taxes'. Sadly the place is making it harder to leave - basically ALL 'assets' are subject to unrealized gains so you have to liquidate everything, pay the insane taxes, then pay the taxes on the money you take out of the country - leaving you with very little to survive on abroad. 'Assets' also now includes things that have never otherwise been 'assets' such as boats, planes, RV's, etc. (things that are normally considered liabilities / expenses) which are now being reported by insurance companies to the ATO if valued over $60k (approx. - I don't remember the exact amount) so they can do "Lifestyle Data Matching" and so they can interrogate you on where and how you got it (even though they already know due to their huge data mining), and demand unrealized gains tax if you leave. Oh, and that's assuming they let you leave, many people are being hit with regular jury duty to keep them stuck in the country and with licence related issues (incl. audits) to keep them stuck in the country. Combine that with the near infinite elections (at least 1 every year) and you can't change your electoral roll details (i.e. leave the country and get removed) because they freeze the rolls for elections, and they also freeze your individual entry whilst subject to jury duty. Australiastan is broke, thinks that all your hard earned money belongs to them, intentionally stops you investing and benefiting (the taxes make it not worthwhile) and then goes out of its way to stop you leaving after having regulated many of us out of work with insane BS professional registration schemes that are designed to force locals out of work (due to unworkable CPD and experience requirements) but makes the world of exceptions for 'skilled migrant workers'.
@Boababa-fn3mr
@Boababa-fn3mr 2 күн бұрын
​@matthewnirenberg very depressing to see Straya fall like that
@user-xg6yc8ho3w
@user-xg6yc8ho3w 2 күн бұрын
@@matthewnirenberg I moved out of Austraia a few years ago. I was in Russia for 10 months and it was MUCH nicer than what we've been told and shown. I want to move back there. They have very low taxes and are crypto friendly. Also, a few months ago Russia started a new easy to get temporary residency visa that allows full work rights and healthcare. The Shared Values Visa.
@andieb8230
@andieb8230 Күн бұрын
Exit taxes apply when you leave Australia. (Unless they changed it?)
@CaneBTC
@CaneBTC 4 сағат бұрын
I can't shake the feeling you never made anything of value, just inherited from a competent dads work.
@krumzakon633
@krumzakon633 Күн бұрын
I'm sorry to say it but this is such a nonsense for the most part and for the most people to move out of the country apply for a different citizenship, just not to pay the taxes well. Unless you making millions of dollars and you, your juice are millions of dollars for taxes then it's likely enough to make any sense because once you move to other places you still have to rent or buy property. You still have to pay some taxes. You have to add the travel expenses and everything and if you draw the line again if you're not making a million of dollars so whatever you do makes not a lot of sense
@slipperiolo
@slipperiolo Күн бұрын
This channel literally is for millionaires that earn millions of dollars
@melstark3466
@melstark3466 2 күн бұрын
Once again, great video. I’ve learned so much.
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Glad to hear it!
@stevechilcoat2353
@stevechilcoat2353 Күн бұрын
These Bitcoin hodlers are going to get crushed in some of these countries. Puerto Rico sounds okay.
@atlantaunderground
@atlantaunderground 2 күн бұрын
El salvador
@sirij8784
@sirij8784 2 күн бұрын
As someone who looked into best options as a US citizen and doesn't want to renounce your best options are: 1) Move to puerto rico and pay 0% tax but you need to be there for the majority of the year and can't travel as much as you want. Also you only get tax free gains on the gains after you move there 2) Move to a tax free state to minimize state taxes (florida, nevada, etc.) Right now these are your two options.
@franselnzaba-milongo4943
@franselnzaba-milongo4943 2 күн бұрын
El Salvador!
@El8Mexi
@El8Mexi 2 күн бұрын
Are there any exit taxes in Switzerland for stocks or crypto? Let’s say I hold 5000$-50000$ in BTC?
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thank you for your questions! If you're planning a move or need tailored advice, our team can help you navigate these details with a holistic plan. Feel free to reach out: nomadcapitalist.com/apply/
@jamesdavies5112
@jamesdavies5112 2 күн бұрын
If you held 6 months + and your gains arnt more than (i think) 40% of your annual income, then you just pay income tax on profits when selling, and capital gain on your overall wealth, canton dependant
@raphaelb5456
@raphaelb5456 Күн бұрын
Switzerland doesn't tax capital gains in general. You will be paying tax on dividends (I think now most cantons consider rewards for staked crypto to be dividends), but not on capital appreciation. If you have stocks in form of an accumulating ETF you will need to disclose and pay taxes on reinvested dividends (even if they are automatically reinvested). You do pay a wealth tax in Switzerland, but if your wealth is low there are generous exceptions and even if your wealth is higher, the tax free returns from your investments will more than make up for it (assuming you don't just burry cash or so). If you day trade, there are some tests which determine whether your activitiy qualifies as professional investing (in which case you might pay taxes at income tax level for capital gains).
@manuelmatters6048
@manuelmatters6048 2 күн бұрын
Im from Canada. I want to retire early to Thailand or Malaysia. Is it possible? Sell my house & use proceed for living expenses for the next 10 years. Not selling Bitcoin
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thank you for your questions. In this recent article we share the best places to retire abroad. You'll find both Thailand and Malaysia on the list: nomadcapitalist.com/global-citizen/best-places-to-retire/. Our team would be happy to help: nomadcapitalist.com/apply/.
@jamiledunn5175
@jamiledunn5175 2 күн бұрын
Great information as usual. This topic isn’t talked about enough in reference to BTC.
@Chaka2479
@Chaka2479 2 күн бұрын
Bitcoin is Gold 2.0!
@mggaming4624
@mggaming4624 2 күн бұрын
I would like to know more about El Salvador
@surfbum8166
@surfbum8166 2 күн бұрын
I thought trump was going to make bitcoin tax free
@zenadrian4678
@zenadrian4678 2 күн бұрын
No taxes
@paulfab5118
@paulfab5118 2 күн бұрын
If you have a cold wallet just cash out from a friendly country 😎
@TalentedVideographer
@TalentedVideographer 2 күн бұрын
I just solved all problems by not having kids and concentrating on my life only. That's how I escape The system.
@arshadali2312
@arshadali2312 3 күн бұрын
For the last few years one has had to declare one's crypto holdings on the 1040 tax form. The US government wants to know.
@garrettmgunderson
@garrettmgunderson 2 күн бұрын
Only if you traded or sold crypto. If you purchased and HODL you didn’t need to declare it, yet.
@matthewnirenberg
@matthewnirenberg 2 күн бұрын
@@garrettmgunderson The problem is purchasing results in the seller reporting the sale and who they sold it to. Thus they don't even need to do data matching, they already have it all in full detail. Thus you're screwed regardless.
@tjacobsen5131
@tjacobsen5131 2 күн бұрын
Why would you need to leave the country you were born in in the first place? What about just renouncing citizenship and all contracts with the corporation all together? It was fraudulently foisted upon you at birth.
@Fabienscritique
@Fabienscritique 2 күн бұрын
A Person making 1 million dollar in digital income and bitcoin and that person is bein taxed by 423K annually, be smarter don't work harder for your Taxes.
@user-xg6yc8ho3w
@user-xg6yc8ho3w 2 күн бұрын
The US doesn't let you officially renounce inside the country. You have to be outside the USA to renounce.
@genestone4951
@genestone4951 4 сағат бұрын
You could do this, IF your parents never got you a SS number. So Amish or other similar people are a bit more free than the average American.
@MjrSlakr
@MjrSlakr 2 күн бұрын
I live in the US and would like to hear more about citizenship through ancestry in Greece
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thank you for your comment. Have you tried our citizenship by descent eligibility checker? nomadcapitalist.com/products/citizenship-by-descent/. If you'd like our help click 'start your journey' and we'd be happy to assist.
@TheQuiqueVillegas
@TheQuiqueVillegas 2 күн бұрын
El Salvador 🇸🇻
@damienprevot2599
@damienprevot2599 2 күн бұрын
Thank you for your video Mr. Andrew Henderson. I think I have found my second form of income. Bitcoin through Bitcoin mining. I need to leave the US with one of the citizenship by investment schemes that your company talks about. My thought process is Malta. I would need to cash out my bitcoin in ten years. (1) European passport (2) tax plan (3) housing and real estate investment away from the US.
@damienprevot2599
@damienprevot2599 2 күн бұрын
Now, is citizenship by investment in Malta worth $1.2 million. In the long run it just might be. Exit strategy + EU citizenship + a nice place to live / retire 👍
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thank you for sharing. A well-structured citizenship by investment plan, combined with a tax strategy and diversified real estate investments, can set you up for long-term success. Our team would be happy to assist you in creating a personalised plan. Feel free to reach out at this link: nomadcapitalist.com/apply/.
@mikie4083
@mikie4083 3 күн бұрын
Brazil has an interesting take on taxes on crypto. Can cash out something like 10 000$ a MONTH without paying caital gains. Anything more than that you need to pay tax on it.
@atlantaunderground
@atlantaunderground 2 күн бұрын
First time I heard that. Interesting.
@atlantaunderground
@atlantaunderground 2 күн бұрын
I just googled it and it's R35,000 per month, which is about $5866
@nilomardesouza5
@nilomardesouza5 2 күн бұрын
​@@atlantaunderground that and it has to be traded in brazillian crypto exchanges. If you do it on Binance , for example, any gain is taxable.
@e1234-b9l
@e1234-b9l Күн бұрын
Check out the reporting requirements, though. I believe they are much stricter than even the us
@erikc3057
@erikc3057 2 күн бұрын
Oman is a hidden gem. I spent some time there about 20 years ago when I was in the military. Arguably, one of the most stable governments in the region, great standard of living, nice climate, people are very friendly and don't get into your business. Because of oil reserves, every citizen in that country is wealthy, so no one is jealous or coveting your assets. Very low crime. Muslim nation but very tolerant of other religions (especially Christianity). When you go to downtown Muscat, you see many Muslim women wearing more modern, western attire. People always look at me funny when asked where I'd live if not in the U.S. but if circumstances permitted, I'd live in Oman in a second and not look back.
@Boababa-fn3mr
@Boababa-fn3mr 2 күн бұрын
It's very boring, though. But that's not always a problem. As for the "nice climate", I'm not sure about that either. It does get very hot and is also more humid than some other hot locations.
@krakken-
@krakken- 2 күн бұрын
People who work for a living pay taxes. Why shouldn't people who make money off Bitcoin also pay taxes? Is unearned income "better" than working?? I bought Bitcoin at $11 (unfortunately I sold it before it hit $100K), and happily paid the taxes on it. Just like I do for my business. Because I value the infrastructure, educated workforce, security, stability, safety, and other benefits my taxes provide. I understand not wanting to pay taxes. But the more people who shirk paying for what we all get, the more we will end up like many countries that don't have infrastructure, educated workforce, security, stability, safety, and other benefits. When everybody shirks paying, we end up in a really bad place...
@andrew_b_uk
@andrew_b_uk 2 күн бұрын
The problem is if you live somewhere like the UK you pay very high taxes for poor quality public services. I live in Taiwan. The public services are far superior yet the tax burden is much lower. I’m happy to contribute if my tax dollars are being well spent. There is far too much public sector wastage in most western countries, particularly the UK. The government squandered billions £ during Covid.
@edheldude
@edheldude 2 күн бұрын
Why would you pay taxes to a country you don't live in? Also if you don't sell, there's no taxable event. People who choose to have a salary, also choose to pay income taxes - that's how the tax law works. You can also choose other routes and not pay income taxes at all.
@paulcoates3860
@paulcoates3860 2 күн бұрын
Only workers have to pay taxes, no choice....yiu make extra effort, risk your own hard earned money n invest, n don't have to play the tax game....its Legal so no problem......can't beat em join em, unless you much effort n risk 4u , then. Just plodbon n pay ur taxes, they only waste urctaxes anyway, they don't need them, it's about ...control... Look at Dubai, low no taxes nearly n , dontv think their going down hill...break the illusion or 😴
@user-xg6yc8ho3w
@user-xg6yc8ho3w 2 күн бұрын
That money these people used to buy bitcoin was money they earned from working in the first place. And it was already taxed whilst they earned it.
@edheldude
@edheldude 2 күн бұрын
@@user-xg6yc8ho3w But that's the case with e.g. stocks too. A typical employee will buy them with taxed money, and then pays capital gains tax on the profits.
@carlyndolphin
@carlyndolphin 2 күн бұрын
I like your channel but I don’t worry about paying tax. Lots of tax money does get wasted but that’s life. When my dad was hospitalised in the UK it made me realise why tax is so important.
@thegentlemanplayer9689
@thegentlemanplayer9689 2 күн бұрын
Seriously? The NHS waste millions, tax should be spent efficiently, the UK waste a fortune. That's why tax should be stopped, full audit not throw money at it.
@darkeye306
@darkeye306 2 күн бұрын
Lol. What an idiot.
@carlyndolphin
@carlyndolphin 2 күн бұрын
@ I agree but the nhs would be even worse if nobody paid tax.
@Alex_Martz
@Alex_Martz 2 күн бұрын
Nobody is a "bitcoin millionaire" until you CASH OUT! lots of people are "PAPER millionaire"
@genestone4951
@genestone4951 4 сағат бұрын
You have no idea what money is.
@AAT305
@AAT305 2 күн бұрын
Your far too positive about Georgia what is on the brink of becoming the next Syria by the Russians. Do not risk going there
@user-xg6yc8ho3w
@user-xg6yc8ho3w 2 күн бұрын
By the C.I.A. you mean.
@leemartinez2975
@leemartinez2975 2 күн бұрын
An episode on Latin American countries including El Salvador would be interesting. There are politicians in Washington that are mentioning possible "adjustments" to social security. Which countries can Americans move to where their wealth goes farther yet is still relatively close to the United States. That would make for an interesting episode.
@paulcoates3860
@paulcoates3860 2 күн бұрын
Can't wait for OMAN episode... I'm uk n want a cheap tri vector solution so low or no corporation tax/cgt/inheritance, but oman prices, need to get out uk 183 days a year and tri vecor in 2 others 3months each
@NigelDeForrest-Pearce-cv6ek
@NigelDeForrest-Pearce-cv6ek 2 күн бұрын
What Do You Think of Croatia???
@michael7530
@michael7530 2 күн бұрын
Amusing that your channel NEVER mentions/talks about Luxembourg LOL
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
In this video we discuss Luxembourg, how to acquire Luxembourg nationality and taxes: kzbin.info/www/bejne/rX-VhYqtlrCantU
@xavbaisden6422
@xavbaisden6422 2 күн бұрын
Have you done a video on countries? You can use your bitcoin to buy real estate and also get a bank account.
@nomadcapitalist
@nomadcapitalist 2 күн бұрын
Thanks for your question. This article explores the most friendly crypto countries for investors and entrepreneurs: nomadcapitalist.com/finance/cryptocurrency/most-crypto-friendly-countries
@cryptolatino9220
@cryptolatino9220 2 күн бұрын
My fellow Bitcoiner, make sure getting yourself some ETH too.
@Entertainment-jv8xw
@Entertainment-jv8xw 2 күн бұрын
is now a good time to buy?
@MelchiorEikenbroek
@MelchiorEikenbroek 2 күн бұрын
El salvador
@AlexBanister555
@AlexBanister555 2 күн бұрын
El Salvador
@alhamduliyahsua
@alhamduliyahsua 2 күн бұрын
El Salvador
@MelchiorEikenbroek
@MelchiorEikenbroek 2 күн бұрын
El salvador
@jessejanzenrocklife
@jessejanzenrocklife Күн бұрын
El Salvador
@melissamelissa2603
@melissamelissa2603 20 сағат бұрын
El Salvador
@CarolConcepcion-ij8ph
@CarolConcepcion-ij8ph 20 сағат бұрын
El Salvador
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