walker on Nostr: The United States of America holds its citizens prisoner. If you want to leave but do ...
The United States of America holds its citizens prisoner. If you want to leave but do not pay taxes on your **unrealized gains** they will find you and put you in jail.
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“On Feb. 4, 2014, Ver allegedly obtained citizenship in St. Kitts and Nevis and shortly thereafter renounced his U.S. citizenship in a process known as expatriation. As a result of his expatriation, Ver allegedly was required under U.S. law to file tax returns that reported capital gains from the constructive sale of his world-wide assets, including the bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains.”
https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud
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“On Feb. 4, 2014, Ver allegedly obtained citizenship in St. Kitts and Nevis and shortly thereafter renounced his U.S. citizenship in a process known as expatriation. As a result of his expatriation, Ver allegedly was required under U.S. law to file tax returns that reported capital gains from the constructive sale of his world-wide assets, including the bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains.”
https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud