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As much as I hate taxes, they’re great at forcing the HODL. Right now the incentive to HODL is 35% in CA. Just imagine how much HODLing everyone will do when taxes are 55%. If you want #Bitcoin, better buy it now before it’s too expensive to sell. Biden understands this.

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Dan Held

@danheld

Apr 30, 2021

Come to Texas Jesse! (Doesn’t solve federal but much better than California)

Jesse Powell

@jespow

Replying to

@danheld

What about Puerto Rico? 0% fed!

6:28 AM · Apr 30, 2021Twitter for iPhone

Replying to

Even better!

You have a $28 Trillion anchor that is your US passport...cut the anchor chain and you can have a choice of where to live at zero or very low tax. But I can assure you one thing: your Old Uncle Sam will come for all your Bitcoin one way or another.

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and

Come join us in PR Jesse. Everything is ready for you here. 😀

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What?! No cap gains tax if you sell in PR?!

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Maybe we need to start a whole new, super cool community of bitcoiners in Puerto Rico or Portugal? Move there en masse.

In 2018, just months after Hurricane María, an eccentric group of cryptocurrency enthusiasts arrived in Puerto Rico. They came with big plans for the island—to help rebuild after the hurricane, and...

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Probably not for too long more... Best is likely to leave the US and renounce citizenship before it's too late!

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...for now.

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Puerto Rico is good. Note that even though the irs tax is 0% you will pay a flat tax of $10,000 per year ($5,000 donation plus $5,000 “filing fee”). The fee might be reduced to $375 depending on the results of a current legal battle.

Shadow (I WILL NOT COMPLY!)

@slayyourheros

Apr 30, 2021

Source?

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