Global Feed Post Login
Replying to Avatar walker

The United States of America holds its citizens prisoner. If you want to leave but do not pay taxes on your **unrealized gains** they will find you and put you in jail.

—

“On Feb. 4, 2014, Ver allegedly obtained citizenship in St. Kitts and Nevis and shortly thereafter renounced his U.S. citizenship in a process known as expatriation. As a result of his expatriation, Ver allegedly was required under U.S. law to file tax returns that reported capital gains from the constructive sale of his world-wide assets, including the bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains.”

https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud

Avatar
Sovereign Being 1y ago

They went after him only now? He would sit for a while at the sum.

Reply to this note

Please Login to reply.

Discussion

No replies yet.