Bitcoin Breaks $100K-Prepare for Crypto Taxes NOW

[@nomadcapitalist]

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

[@markc6411]

Thanks, Andrew. I'd like to hear more about El Salvador.

[@danielstarns4184]

The key is, never sell it, just loan against it and maybe pop off some gains to cover the loan at the peaks.

[@InvestgoldUK]

Won’t work in unrealised capital gains countries. There are already several in the EU

[@p.newsman]

​​@@InvestgoldUKSeveral, for Crypto/BTC, yet? Really?! May be thinking about...

[@zaakbn]

@@InvestgoldUKdon’t live in the eu, solved

[@calinpop1443]

Its impossible to tax unrealised gains. Gfy. You are going to force sell my house and millions others because you debased the currency and now the house price is seemingly up?? Ha, ha ha

[@InvestgoldUK]

@ it’s not impossible, it already happens in countries like Denmark. I promise you, it’s coming. First stocks, later houses

[@othervice]

If you pay taxes on your Bitcoin you are doing it wrong.

[@mrcat5992]

especially when those taxes are being used against you... its your duty.

[@noelwalsh9341]

exactly ill never pay taxes on it

[@Hmmm313]

XMR

[@pawlieblog7967]

Oh wow That sucks! You mean I might be paying taxes on my millions?

[@pawlieblog7967]

@@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.

[@villhelm]

lol. What bitcoin?! I lost mine in a boating accident.

[@lilianat7533]

Thank you Andrew. I want to hear about El Salvador

[@geoms6263]

what is taxes Sir?

[@genestone4951]

Stuff that people pay if they don't know how to trade crypto.

[@zaakbn]

don’t be lazy use google

[@davidcyrax]

Yeah right, look at Roger Ver

[@frederickfrost6561]

Andrew, thank you for your analysis as always.

[@maxflight777]

If you held it for a year or more. Portugal won't tax gains.

[@geoms6263]

🧡

[@maximilianmay8372]

Same Germany 🇩🇪 (still)

[@RichardRietdijk]

The real answer is to never sell your Bitcoin.

[@calontour]

🤝

[@philthompson2239]

that won't matter. exit taxes are calculated on asset values, not on realised capital gains.

[@ballaxniang]

@@philthompson2239they can’t know if you don’t tell them

[@UPdan]

Government quantum computers know you own it and where it is and the code.

[@amxdai4568]

Yeah man, keep it all in there until your old, frail, and unable to enjoy your profits👌HODL 4EVAAAA

[@covidisascam4556]

Wait until countries declare bitcoin tax free.

[@user-xg6yc8ho3w]

Russia has low tax and is pro crypto.

[@geoms6263]

yes yes....and people are arrested just for blank papers😉

[@shadowcodr]

You can't be this dumb....

[@p.newsman]

​@@geoms6263🥱 In Germany you get into prison if you don't pay fees for government PR media. 🤷‍♂️

[@jasonbuksh2958]

…. And you are sent off to foreign wars

[@stanisgmi]

It’s not that low. It’s cold. If you don’t speak Russian I don’t see why

[@keangwooichoo6138]

Crazy. Wish i bought it 10 years ago

[@laxxai]

same, but the second best day to invest is today

[@MaseraSteve2]

If you want to catch up, find alt.. I experienced it with small scale but still great to bulk up out of it to btc savings nonetheless

[@synewparadigm]

It's going to few $ millions

[@sirij8784]

as someone who bought 10 years, wish I bought more

[@tarikrafiq1846]

Did u buy it now If not You ll be saying same thing 10 year from now

[@tubaljohn1]

Thank you for another informative video.

[@nomadcapitalist]

You are welcome!

[@Levita-w8z]

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

[@Levita-w8z]

He mostly interacts on Telegrams, using the user-name,

[@Levita-w8z]

@ steve_894. he is verified..

[@davidson-565]

I’ve just looked up his name and found him without sweat, very much appreciate this

[@Pete-566]

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]

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.

[@aristochat3]

Denmark is taxing it as income?!

[@andieb8230]

So is Australia. And if an Australian citizen leaves Australia they have to pay CGT on the way out

[@aussieman8738]

No Australia is taxing it as a capital gains tax like gold or investment property. After 1 year the capital gains is reduced by 50 %

[@andieb8230]

@@aussieman8738 The profit gets added on to your income. I've been paying it for years. It used to be separate but at some point the ATO changed it and now add it to income.

[@andieb8230]

@@aussieman8738 yes it does get halved if you hold it for one year, but it still gets added to your income. How many years have you been paying capital gains taxes on your Bitcoin profits? 10 for me.

[@mattanderson6672]

Fantastic discussion Excellent analysis Thank you Sir Thank you Andrew

[@e1234-b9l]

Would love to see a video on rodger ver. He is suing the us government based on claim that the exit tax is unconstitutional

[@ParaMagic-l9f]

@@e1234-b9l As I understand it, the U. S. Government is attempting to get Spain to extridite him to the U. S. to be criminally prosecuted... Sounds a lot like the Assange attack.

[@LadyIarConnacht]

As if our government cares about that. It's unconstitutional for the feds to own property or to print paper money, let alone borrow it from central banks - yet here we are.

[@chelseaandhobbes]

Has there been mention of a UK exit tax? If so when is this happening?

[@5thdimension954]

I wonder if it’s in Jan when they start the entry fee from folks from the US

[@nomadcapitalist]

Thanks for your question. Mr Henderson discusses the potential UK exit tax in this video: kzbin.info/www/bejne/oJ6bipKlh51_iZY

[@frederickfrost6561]

One of the concepts you might want to consider discussing Andrew, regardless of where you live, is the concept of stealth wealth.

[@ajfeinman]

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]

smart

[@bobmalooga335]

Who is going to look through your phone?

[@MaseraSteve2]

@@bobmalooga335 there's a country that the Airport security have such protocol for odd reason. I forgot which one though

[@villhelm]

Happens all the time. Which is why I fly with clean phone.

[@bobmalooga335]

@@villhelm what kind of dictatorship are you living in man? I don't think Bitcoin is enough to save you

[@DanXRP]

Great informative video.

[@nomadcapitalist]

Glad you enjoyed it!

[@IanValentine147]

Mauritius! And he never mentioned it, same time zone as Dubai, but southern hemisphere, more beautiful and moderately tropical weather

[@stanisgmi]

Talk about El Salvador

[@isthisme-ct9fe]

How they tax you if you don’t sell it

[@Entertainment-jv8xw]

is now a good time to buy?

[@Johnylabb]

Congrats. Could You make a video about those 2 years to exit the mexican Tax system?

[@mauricebassanello6175]

A question for you is if I renounce my US citizenship would I forfeit my social security benefits? Or other American benefits ?

[@johnsilver1800]

Brother… ChatGPT is a thing.

[@nomadcapitalist]

In this article, we have cleared up myths about giving up US citizenship: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/. Hope this helps!

[@hsingh1770]

Err, cold wallet. Lost it. Move to another country and find your wallet 4 years later 💁🏼‍♀️

[@genestone4951]

Cold wallet....with a clean address history! In other words, not sending BTC directly from CB to the cold storage

[@Alex-mu4ue]

But I don’t want to leave my family just for monetary gain.

[@robstone4537]

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]

Sydney has nice bridges, right?

[@alexsorov1958]

If you know what to do with your bitcoin, it is very very easy to “evade” from the tax 😉

[@genestone4951]

indeed

[@Electricdecentralisedfuture]

I'd be interested to hear some ideas

[@vladimerputin7911]

There is no 2nd best...

[@geoms6263]

MSTR stock 3 x btc, Btc option 6 x 😉

[@andrewheron2399]

If a country has capital gains tax, then it covers buying and selling of crypto.

[@genestone4951]

no government has the right to steal your money.

[@jmencoboni]

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 .

[@nomadcapitalist]

Thank you for your questions. We’d be happy to help you explore these options further and create a comprehensive plan tailored to your needs. Feel free to reach out to our team: nomadcapitalist.com/apply

[@Enncee93]

How does a country prove you own btc when your wallet is anonymous?

[@DadolfShitler69]

Exactly 💯

[@p.newsman]

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...

[@Bluemusic66]

@@p.newsmanjust have paper wallets. And if you’re really paranoid put them through a bitmixer into a clean paper wallet.

[@Unknown_rbnx19]

You only pay taxes as you sell. Unfortunately for Uncle Sam, I wont ever sell my Bitcoin.

[@Jets228]

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.

[@pato_bravo]

Yet again, an excellent video full of value. Thank you!

[@WealthyChronicle]

Bitcoin at $100K? The real question is, will governments ever let us enjoy it without squeezing us for taxes? 🤔

[@genestone4951]

LOL "Let us". Why are you even watching Nomad Capitalist?

[@synewparadigm]

Never 😢

[@AlwayzLong]

Never sell, loan against

[@Curiousgeorge78398]

Loan against it on what trusted platform? Blockfi? Celsius? Look what happened there. I'd love to but don't trust any entity to hold my coins.

[@herbertvonsauerkrautunterh2513]

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?

[@nomadcapitalist]

Thank you for your comment. This article may be of interest to you, as it discusses why starting a business overseas can be a smart move and explores different countries worth considering: nomadcapitalist.com/entrepreneurs/why-start-a-business-overseas/. If you're looking for personalised guidance to create a plan tailored to your skills, resources, and goals, we’d be happy to help. Feel free to reach out to our team: nomadcapitalist.com/apply

[@henrikcarmel1]

In Denmark we pay taxes on our retirement accounts 15,3 pct. on gains ( dividend, interest, even unrealized gains). Of course this reduces our pockets. But this is the reason we have no deficit on the state budget. It is tempting to tax pensions this way to get finances in balance. People are not protesting because it is “abstract” money. I agree this is a risk in the US especially because the median IRA or 401 K is very low compared to the size of the average.

[@rachelevans202]

Yes, please, more about El Salvador 🎉

[@dawids90999]

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]

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]

Thailand does tax you on capital gains from crypto. Just like the UK

[@dawids90999]

@@alexfrog9191 yes I just noticed. Dont know where I got it from previously that is 0% on crypto. Nevermind xd

[@jamescc2010]

Welcome to Thailand krub. We will be back in Jan 25.

[@llm-reacts]

Boomers are jealous that young people have bitcoin, but they give themselves tax breaks on the houses and stocks that they bought cheaply lol

[@Peterogen]

I like el Salvador

[@escalade8759]

The US is really starting to lock in on crypto taxes.

[@tedwest2500]

El Salvador

[@nomadcapitalist]

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

[@doctorbilalrizwan7766]

You have changed my life !! Thanks for everything you teach ..

[@nomadcapitalist]

Thank you for the kind words!

[@melstark3466]

Once again, great video. I’ve learned so much.

[@nomadcapitalist]

Glad to hear it!

[@TonyCorona89]

This is a really excellent video. And its kicked me up the arse to take action. What are the chances the uk brings in an exit tax for unrealised gains. Id say its pretty fucking high sadly. I need a 2nd passport.

[@nomadcapitalist]

Thank you for your comment, and we're glad to hear the video motivated you. Many countries are indeed exploring measures like exit taxes, so planning ahead is a wise decision. Feel free to reach out-our team would be happy to assist you in gaining a second passport and creating a holistic plan tailored to your needs: nomadcapitalist.com/apply

[@Shake___and___Jake]

Never sell your bitcoin

[@w-lm2339]

U.s has no laws regarding crypto so as of now you dont have to pay a penny

[@mauricebassanello6175]

El Salvador

[@Somedude75566]

Monero has entered the chat

[@terezadasilva2745]

Andrew ❤

[@El8Mexi]

Are there any exit taxes in Switzerland for stocks or crypto? Let’s say I hold 5000$-50000$ in BTC?

[@nomadcapitalist]

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]

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]

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).

[@calinpop1443]

No sell no taxes. Borrow against it. Gfy

[@stanisgmi]

I think Spain is very risky. They’re bound to do some awful thing like this

[@musyclover]

2026 Naru has 1 million people living on it

[@joshtri2067]

I have my bitcoin in a self managed super fund. No taxes. 👍

[@melabolina1686]

Only at the pension stage, otherwise it is still taxed at 15%

[@joshtri2067]

No it isn’t at all until I take it out of the SMSF when I retire. Or if I retire lol.

[@Tappo454]

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]

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]

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]

​@matthewnirenberg very depressing to see Straya fall like that

[@user-xg6yc8ho3w]

@@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]

Exit taxes apply when you leave Australia. (Unless they changed it?)

[@samskie88]

🔥🔥🔥

[@Enhancedlies]

more on El Salvador for sure

[@krumzakon633]

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]

This channel literally is for millionaires that earn millions of dollars

[@zaakbn]

This channel is not for the average broke shmoe lol it’s for millionaires

[@stanisgmi]

It’s also a point that there is a real emotional cost and personal cost in having to travel, set up, etc. all while running your business So there’s some line where one has to draw

[@stevechilcoat2353]

These Bitcoin hodlers are going to get crushed in some of these countries. Puerto Rico sounds okay.

[@MaseraSteve2]

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 😂😂😂

[@synewparadigm]

Where?

[@MaseraSteve2]

@synewparadigm you've mentioned muslim country based on your earlier comment what a coincidence it's indonesia.. you can gpt it to fact check it too 😂

[@MaseraSteve2]

@@synewparadigm With that said, I still have a mixed feeling though.. I'm a custom kit car and big bike enthusiast and I would like to daily drive it and the law here for both are rather peculiar... Like I can get fined by a naturally loud 1000cc sports bike and those kit car from the established garage too 🤦‍♀️

[@synewparadigm]

@@MaseraSteve2 BTW, my earlier comment got censured.

[@jamiledunn5175]

Great information as usual. This topic isn’t talked about enough in reference to BTC.

[@sirij8784]

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.

[@manuelmatters6048]

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]

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/.

[@MjrSlakr]

I live in the US and would like to hear more about citizenship through ancestry in Greece

[@nomadcapitalist]

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.

[@arshadali2312]

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]

Only if you traded or sold crypto. If you purchased and HODL you didn’t need to declare it, yet.

[@matthewnirenberg]

@@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.

[@paulfab5118]

If you have a cold wallet just cash out from a friendly country 😎

[@zenadrian4678]

No taxes

[@xavbaisden6422]

Have you done a video on countries? You can use your bitcoin to buy real estate and also get a bank account.

[@nomadcapitalist]

Thanks for your question. This article explores the most friendly crypto countries for investors and entrepreneurs: nomadcapitalist.com/finance/cryptocurrency/most-crypto-friendly-countries

[@NigelDeForrest-Pearce-cv6ek]

What Do You Think of Croatia???

[@mggaming4624]

I would like to know more about El Salvador

[@surfbum8166]

I thought trump was going to make bitcoin tax free

[@mikie4083]

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]

First time I heard that. Interesting.

[@atlantaunderground]

I just googled it and it's R35,000 per month, which is about $5866

[@nilomardesouza5]

​@@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]

Check out the reporting requirements, though. I believe they are much stricter than even the us

[@leemartinez2975]

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.

[@franselnzaba-milongo4943]

El Salvador!

[@tjacobsen5131]

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]

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]

The US doesn't let you officially renounce inside the country. You have to be outside the USA to renounce.

[@genestone4951]

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.

[@erikc3057]

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]

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.

[@TalentedVideographer]

I just solved all problems by not having kids and concentrating on my life only. That's how I escape The system.

[@TheQuiqueVillegas]

El Salvador 🇸🇻

[@atlantaunderground]

El salvador

[@paulcoates3860]

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

[@damienprevot2599]

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]

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]

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/.

[@carlyndolphin]

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]

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]

Lol. What an idiot.

[@carlyndolphin]

@ I agree but the nhs would be even worse if nobody paid tax.

[@Chaka2479]

Bitcoin is Gold 2.0!

[@AAT305]

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]

By the C.I.A. you mean.

[@krakken-]

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]

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]

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]

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]

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]

@@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.

[@michael7530]

Amusing that your channel NEVER mentions/talks about Luxembourg LOL

[@nomadcapitalist]

In this video we discuss Luxembourg, how to acquire Luxembourg nationality and taxes: kzbin.info/www/bejne/rX-VhYqtlrCantU

[@Alex_Martz]

Nobody is a "bitcoin millionaire" until you CASH OUT! lots of people are "PAPER millionaire"

[@genestone4951]

You have no idea what money is.

[@cryptolatino9220]

My fellow Bitcoiner, make sure getting yourself some ETH too.

[@CharitaYounger]

Automatic algorithms = no paper hands, just 🚀

[@MelchiorEikenbroek]

El salvador

[@henrikcarmel1]

In Denmark we pay taxes on our retirement accounts 15,3 pct. on gains ( dividend, interest, even unrealized gains). Of course this reduces our pockets. But this is the reason we have no deficit on the state budget. It is tempting to tax pensions this way to get finances in balance. People are not protesting because it is “abstract” money. I agree this is a risk in the US especially because the median IRA or 401 K is very low compared to the size of the average.

[@alhamduliyahsua]

El Salvador