01-31-2022, 04:33 AM
If you live in a country which taxes Crypto gains: would you ever consider moving to
<!-- SC_OFF --><div class="md"><p>I always hear a lot of debate and discussions in crypto subreddits about how difficult it is in the US to pay taxes on your crypto gains.</p> <p>To my knowledge, you US users need to manually calculate every buy and sell you ever did to calculate how much you need to pay in taxes. It is truly horrible and I am sorry that you need to go through that.</p> <p>What are your views on countries that do not tax crypto gains? I am from the EU, and for example Portugal (just an example but it's not the only one) doesn't have any taxes on crypto gains. </p> <p>In the case scenario that my holdings will moon (not disclosing what I am invested in) I am considering getting residence there to avoid paying 50% to the government.</p> <p>Would you ever consider moving out of your country should you make life changing amounts of crypto gains?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/StefansLair"> /u/StefansLair </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sg7b3b/if_you_live_in_a_country_which_taxes_crypto_gains/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sg7b3b/if_you_live_in_a_country_which_taxes_crypto_gains/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I always hear a lot of debate and discussions in crypto subreddits about how difficult it is in the US to pay taxes on your crypto gains.</p> <p>To my knowledge, you US users need to manually calculate every buy and sell you ever did to calculate how much you need to pay in taxes. It is truly horrible and I am sorry that you need to go through that.</p> <p>What are your views on countries that do not tax crypto gains? I am from the EU, and for example Portugal (just an example but it's not the only one) doesn't have any taxes on crypto gains. </p> <p>In the case scenario that my holdings will moon (not disclosing what I am invested in) I am considering getting residence there to avoid paying 50% to the government.</p> <p>Would you ever consider moving out of your country should you make life changing amounts of crypto gains?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/StefansLair"> /u/StefansLair </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sg7b3b/if_you_live_in_a_country_which_taxes_crypto_gains/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sg7b3b/if_you_live_in_a_country_which_taxes_crypto_gains/">[comments]</a></span>Kind Regards R