3 ms·
TIL: if you rennounce your US citizenship, you pay the capital gains tax "as if you sold it the day before your loss of citizenship." In Roger's case, it seems
by ProllyInfamous 3y ago
TIL: if you rennounce your US citizenship, you pay the capital gains tax "as if you sold it the day before your loss of citizenship."
In Roger's case, it seems that there were multiple tax preparers unsure exactly whether he as a person, or one of his corporate entities, owned the alleged unpaid bitcoin gains.
He's a rather polar figure in the 2017 BCH/BTC hard-fork... but ultimately it seems like he wasn't willing to pay the tax man, allegedly.