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The biggest problem with taxing unrealized gains: Let's say you start a company, and it starts doing well. The market value of the equity you have goes up. You owe tax on it.... way more than your cash. So you're *forced* to sell any time it goes up to get $ to pay tax. twitter.com/CryptoWhale/st

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Easy, quit USA and create the company somewhere else country where is no tax LOL

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that is, as it turns out, not how US tax law works with respect to US citizens

7:57 PM · Oct 25, 2021Twitter Web App

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But yours can renounce US citizenship...

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@AlternateGeorge

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Exit tax is just one time :)

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why dont use burn ! ? ftt

Luis Augusto Fretes

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We both now people will just use an LLC in whichever foreign nation offers the best tax deal.

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I guess I misread FTX's Bahamian intentions.

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Individuals pay tax anywhere in the world back to the US if you’re a citizen. Companies don’t have to do that unless theyre making money in the US

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Gotta forfeit your citizenship.

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Like swiss?

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