The bitcoin party is coming to an end...

Discussion in 'Crypto Assets' started by wxytrader, Nov 20, 2024.

  1. S2007S

    S2007S



    Yes I forgot the 1 billion fidelity prediction.

    68% compounded gains....thats quite a circus
     
    #11     Nov 20, 2024
  2. Baron

    Baron Administrator

    Right, you pay the ridiculous tax to politicians or you move out of the country on or before 12-31-2025. Not a hard choice really.
     
    #12     Nov 20, 2024
    semperfrosty, Sekiyo and johnarb like this.
  3. zdreg

    zdreg

    That is why people have accountants
     
    #13     Nov 20, 2024
  4. You still have to pay the tax as a citizen lol. You can't avoid it by moving.
     
    #14     Nov 20, 2024
  5. zdreg

    zdreg

    It is true especially since Denmark a member of the EU. and you can move freely.
     
    #15     Nov 20, 2024
    johnarb likes this.
  6. zdreg

    zdreg

    Now you are a tax expert.
     
    #16     Nov 20, 2024
    ElCubano and johnarb like this.
  7. They have tax treaties in place, exemptions etc...but if you earn money abroad you still have to pay taxes so this will fall into the same category.

    upload_2024-11-20_5-4-45.png

    Thumbing each other won't make the tax man go away lol.
     
    #17     Nov 20, 2024
  8. You are still subject to income tax in the country you reside when the capital gains were earned...and then even afterwards in the absence of tax treaties and exemptions. I mean by all means get an accountant but best case scenario you have to uproot your life and possibly renounce your citizenship? lol.

    upload_2024-11-20_5-11-57.png
     
    Last edited: Nov 20, 2024
    #18     Nov 20, 2024
  9. zdreg

    zdreg

    #19     Nov 20, 2024
    johnarb likes this.
  10. zdreg

    zdreg

    you have difficulty focusing on Denmark taxes by misapplying US tax rules to another country.
     
    #20     Nov 20, 2024
    semperfrosty and johnarb like this.