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RE: Will Cryptocurrency Alter The Need To Tax?

in LeoFinance3 years ago

I've been thinking of relocating to ElSalvador ever since the announcement that BTC will be legal tender there.

I hadn't though about it in the terms you pointed out above, but I do like the idea of America begging me to stay and dropping perk after perk in front of me, but there's no point. It's over. It's better for both of us if we just end it now. 😁

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The grass is always greener as they say.

Be careful about deeming things harshly. All countries have issues and warts. The difference is you are aware of those in the US. LOL

Posted Using LeoFinance Beta

This is true. Except I don't think I know all of those in the US... they seem to multiply faster than I can keep up...

very true !
We had a similar discussion with a famous liberal economist
Portuguese government offer 0% tax on crypto earnings for foreigners relocating there
Looked a fantastic deal , but when talking with portuguese natives they are screwed up from taxis
So it is kind of a trap , looks a great idea to relocate there buy the problem will probably arise when you want to leave the country

There is always a catch. One needs to truly be in a country, regardless of the tax rate. if it is crime ridden and a warzone, it probably should be avoided.

And all countries have areas that are like that.

Posted Using LeoFinance Beta

Not sure to get you..
"And all countries have areas that are like that"
you mean countries like USA or western Europe have cities and regions where the crime is the law?