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https://www.ksl.com/article/51300765/tax-troubles-coming-for--iras-and-401ks-over-200000

I drained my IRAs into BTC in 21 and 22. Paid the tax then and the fucking arbitrary penalty. All of that tax and penalties seems like a rounding error now.

Divest from their system. Fuck em.

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Discussion

gsovereignty 8mo ago

Another option is to not live in a shithole country that has an immoral tax code

deeznuts 8mo ago

Please show us the way, tax advisor!!!advocating uprooting my entire life to save some shekels

Please do tell us where we should all move to avoid extortion entirely

TeslaLiberty 8mo ago

Which country would you go ?

McCoy 8mo ago

Until they change the IRA rules and re-tax you

TeslaLiberty 8mo ago

Why not go with Unchained and have self custody withtout paying the taxes and penalty ?

deeznuts 8mo ago

I opt out of the system this way

TeslaLiberty 8mo ago

I totally get that

deeznuts 8mo ago

Also, paying the tax now is certainly going to be cheaper in the long run