Nostr Web Client

Are you in the US?

I am in New Zealand. But I'm a god damned American citizen and they won't let me quit without taxing 100% of my "stuff" as an exit tax.

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Discussion

Brunswick 1y ago

Seriously?

Mike Dilger ☑️ 1y ago

Digging into this again to get you a reference and it looks like I am wrong. There is a mark-to-market regime, but (1) I don't qualify under the 3 tests, and (2) even if I did there is a $600,000 reduction and an $821,000 exclusion.... looks really complicated to work out though... but worth it to stop filing US taxes.

Brunswick 1y ago

Hire a CPA. They are worth it, if only for the liability protection they provide if they give you bad advice

🦄Onigirl🐹🐉 1y ago

Under penalties and perjury...so they never forced you to sign.

🦄Onigirl🐹🐉 1y ago

Why can't you renounce?

🦄Onigirl🐹🐉 1y ago

Just pay the exit tax,especially if you believe BTC might be worth more in the future.

Mike Dilger ☑️ 1y ago

Looks like if I renounce I will not be a "covered expatriate" according to instructions for form 8854.

I'm gonna do this.

🦄Onigirl🐹🐉 1y ago

Go get ur freedom

ede3d957... 1y ago

Still not see the power of Monero, anon?

What Bitcoin is for theft through inflation, Monero is for theft through taxes.

The second is even more powerful, as it changes the relationship between individual and state.

#ETF - end the fed is nice but #ETA - end the abuse is even better