Learn how to buy non-KYC Bitcoin:
https://www.bitcoinuniversity.com/join
In this video, I discuss how the US exit tax works, and how it will eventually ensnare all American Bitcoiners, thanks to a combination of tax hikes, hyperinflation, and tax bracket creep.
The best solution is for President Trump to work closely with Congress and to abolish both the US exit tax and any capital gains taxes on Bitcoin. Bitcoin is money, and so should not be taxed when spent for goods and services.
Not investment advice! Consult a financial advisor.
First American Bitcoin President:
https://www.youtube.com/watch?v=SjVJ0DyL22M&ab_channel=BitcoinUniversity
Bracket creep:
https://taxfoundation.org/taxedu/glossary/bracket-creep/
US exit tax:
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
UK govt mulling exit tax for millionaires:
https://www.business-standard.com/world-news/when-the-sun-sets-on-england-it-rises-over-dubai-s-tax-free-paradise-124101100480_1.html
Moves to strengthen France’s ‘exit tax’:
https://www.connexionfrance.com/practical/moves-to-strengthen-frances-exit-tax-who-would-this-affect/684550
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Trump
#taxes
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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