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At 90% taxation why wouldn’t wealthy crypto holders just leave the tax jurisdiction? Like, it’s not a bunch of gold bricks or a briefcase full of paper money..
by oceanplexian 5y ago
At 90% taxation why wouldn’t wealthy crypto holders just leave the tax jurisdiction?
Like, it’s not a bunch of gold bricks or a briefcase full of paper money...It’s not controlled by a bank who can deny your transfer. Anyone can take all of their crypto anywhere on Earth, and can do so instantaneously and virtually anywhere with an Internet connection.
- shard 5y agoIf it was the US tax jurisdiction that someone is trying to leave, then that person would need to give up their US citizenship, not create any suspicion that they are leaving due to tax reasons, and also pay taxes as if they have sold off everything they own.
- pyuser583 5y agoIt’s a crime?