How to Escape Rising Crypto Taxes and Wealth Grabs

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  • Опубліковано 25 вер 2024
  • nomadcapitalis...
    What does the future look like for crypto taxes? In this video, Andrew discusses the benefits of cryptocurrency as well as the challenges, ways you can avoid crypto taxes, and a new special Nomad Capitalist offer.
    0:00 Start
    0:01 Crypto
    9:51 Nomad Mastermind
    Contact help@nomadcapitalist.com
    Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
    Work with Andrew: nomadcapitalis...
    Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
    Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
    About Andrew: nomadcapitalis...
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    DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

КОМЕНТАРІ • 754

  • @MarkRose1337
    @MarkRose1337 3 роки тому +116

    That's fairly priced for the expertise.

    • @nomadcapitalist
      @nomadcapitalist  3 роки тому +10

      Thank you, Mark.

    • @morenokv
      @morenokv 3 роки тому +4

      True, i thought it would be way more. Especially in the daily changing climate

    • @MarkRose1337
      @MarkRose1337 3 роки тому +6

      @@morenokv As did I, honestly. But it goes to show Nomad Capitalist is about delivering value.

    • @nomadcapitalist
      @nomadcapitalist  3 роки тому +3

      @@cathylake9072 We have a conference in Mexico this year: www.nomadcapitalist.com/live/

    • @VoyageMediaGroup
      @VoyageMediaGroup 3 роки тому +10

      @@cathylake9072 the vaccine doesn't work for the old strain

  • @Nasenmann80
    @Nasenmann80 3 роки тому +320

    As a European: go to Portugal and live there for the majority of a year: Pay 0% Tax on Crypto. If anything changes to the negative then go to another crypto-friendly Country (for example Malta). Go where you treated best. Don't fight the system: just leave it.

    • @MrHellweasel
      @MrHellweasel 3 роки тому +10

      I actually thought about this. Is a year sufficient time to become a tax resident?

    • @vladmihailciuc4368
      @vladmihailciuc4368 3 роки тому +10

      @@MrHellweasel typically you only need 6 months to live there.

    • @mariobros7834
      @mariobros7834 3 роки тому +5

      Interesting. Citizens of Portuguese-speaking countries probably have even less requirements. For example, retired Brazilians are automatically granted Portuguese residence, all they have to do is ask, no fees, no nothing.

    • @Mike-dd8bd
      @Mike-dd8bd 3 роки тому +10

      Funny how easy you make it sound.

    • @EdFromMarketing
      @EdFromMarketing 3 роки тому +4

      Stay out of malta

  • @UltimateBargains
    @UltimateBargains 3 роки тому +250

    We are free-ranging slaves living on the tax farm.

    • @VoyageMediaGroup
      @VoyageMediaGroup 3 роки тому +3

      well said.

    • @chipcity3016
      @chipcity3016 3 роки тому +10

      Only we are not so free range.

    • @GEM_in_the_Matrix
      @GEM_in_the_Matrix 3 роки тому +3

      USED TO BE 'free range' .....**now we're quarantined on lock down in our little prisons we call homes ...omg

  • @brianhoward1245
    @brianhoward1245 3 роки тому +234

    “The masses are sheep...” TRUTH!

    • @davebroad642
      @davebroad642 3 роки тому +12

      You can always count on the masses. To do what the masses do.

    • @jmc8076
      @jmc8076 3 роки тому +6

      Sheep who follow a shepherd are slaughtered. Maybe blunt but time for nice cliches past IMO. Fear/compliance made virtues. Independent critical thought dangers. I agree to disagree calmly and help others w/$$$ plans when/if I can.

    • @fungibleanonymousglockboug2162
      @fungibleanonymousglockboug2162 3 роки тому +1

      Good one

    • @curtiscomes9754
      @curtiscomes9754 3 роки тому +2

      Sheep with wool pulled over their eyes are ready to be sheered.

    • @bobalbert1369
      @bobalbert1369 3 роки тому

      Lol. "The masses" is everyone but you. Same as "traffic". Arrogant twat.

  • @paial
    @paial 3 роки тому +46

    Don't "buy stuff". Pay for expenses with a credit card from a offshore account. Feed that account from your cripto.

  • @thedcrypted
    @thedcrypted 3 роки тому +106

    Governments simply are going where they are treated best...your pocket.

    • @successandlifestyle
      @successandlifestyle 3 роки тому +8

      I guess that's why Canada has opened up the floodgates for half-million refugees in 2020 as we put the country in covid-debt by creating unemployment and closing down businesses. We need a half million more mouths to feed and house. We need to build up grateful sheep taxpayers not those pesky freedom loving thinkers.

    • @NashVil
      @NashVil 3 роки тому +2

      Tamara Rogers blame it on your tribe your government instead of victims.. you’re the sheep, luv

    • @mariobros7834
      @mariobros7834 3 роки тому +1

      @@successandlifestyle actually Canada did that because for too long Canada has allowed women to vote. All the West is going down for the same reason.

    • @l.austin2371
      @l.austin2371 3 роки тому +1

      @@successandlifestyle sheesh lady imagine how the natives felt

    • @shysmoov
      @shysmoov 3 роки тому

      🤣

  • @0r14n583lt
    @0r14n583lt 3 роки тому +18

    Taxing someone's crypto holdings is a kin to taxing someone's winnings while they are still at the roulette table in a casino. They don't know how much money they have until they cash out.

    • @phillipjuan1201
      @phillipjuan1201 3 роки тому +4

      exactly. It's anti human and unconstitutional. Government doesn't want normies checking them.

  • @BobSmith-br7hk
    @BobSmith-br7hk 3 роки тому +9

    The mastermind is also a good networking opportunity to do potential business deals or get intros to other ultra high net worth clients. It does not hurt to have a few crypto billionaires in your Rolodex. Glad to see you are bringing back the masterminds, Andrew.

  • @omarelmohri
    @omarelmohri 3 роки тому +154

    “The masses are sheep” oh yess

    • @louiscypher4186
      @louiscypher4186 3 роки тому +6

      they're more like ants, sheep are at least smart enough to flee from danger.

    • @coojw777
      @coojw777 3 роки тому +1

      /eating grass/ *chomp-*chomp-*chomp... "baaa-aa-aaa-aaaa"

  • @craigm.5674
    @craigm.5674 3 роки тому +7

    Turning in my USA passport in 2 years...and selling our 3 houses in next 6 months...it’s not worth the risk anymore... who in their right mind would live in USA anymore.... we live a better life on half the budget in S Bavaria in the Alps.... and better schools, and healthcare....what more can we need. Love this channel

  • @bryanfeliciano4102
    @bryanfeliciano4102 3 роки тому +23

    I'm investing so much into new emerging cryptos in hopes of getting to leave the US. It's kind of ironic I'd leave the Us in search of freedom.

    • @habanerorhinoceros2384
      @habanerorhinoceros2384 3 роки тому +4

      Same sentiment re Australia 8-/

    • @1mackky
      @1mackky 3 роки тому +3

      @@habanerorhinoceros2384 Yup and the ATO are only tightening the grip on cryptocurrency users yet again this year with new ways to tax us. Luckily im leaving for Dubai in the next 6 months. Already processing my resident visa!

  • @MacroAnarchy
    @MacroAnarchy 3 роки тому +10

    You definitely hold the crown for the most entertaining person to talk about regulations, laws and taxes!

  • @onatkib
    @onatkib 3 роки тому +28

    So glad I live in Singapore. No theft of my HODL!

    • @luffebassen
      @luffebassen 3 роки тому +4

      But the cost of living is insane compared to other countries.
      That's why they don't need to tax you.

    • @onatkib
      @onatkib 3 роки тому +17

      @@luffebassen that's the most inept comment i ever saw.

    • @elijahhenriques3162
      @elijahhenriques3162 3 роки тому +1

      Native to Singapore or you moved there from which country? Andrew makes it sound difficult to get residency and banking there for foreigners (?)

    • @onatkib
      @onatkib 3 роки тому +8

      @@elijahhenriques3162 Banking isn't hard but residency is unnecessarily difficult. I'm on a student pass since 5 yrs so that helps. Again to address the above comment - it's NOT "expensive" if you don't buy excessive stuff + tax regime has nothing to do with that. They're just smart enough to not scare people off with capital taxes.

    • @matinbali
      @matinbali 3 роки тому +5

      Care to share your experience. Iam in Australia and getting robbed by the tax man about to set up overseas.

  • @petarz9029
    @petarz9029 3 роки тому +25

    1990s internet was truly a golden age 😥

    • @BRAVENEWORDERFILMS
      @BRAVENEWORDERFILMS 3 роки тому +1

      True dat. FOR DA HOMIES! *>pours out 40 oz onto the ground

  • @christopherrussell6055
    @christopherrussell6055 3 роки тому +12

    13:36 Why am I still watching this, the price of a meeting is more than my crypto holdings 😂

    • @meshwilly2413
      @meshwilly2413 3 роки тому +1

      He's a con! 80K my foot! With half of that you could meet THE PRESIDENT of the country you wish to relocate to and he can hook you up through his immigration department, period!

    • @RagnarokCo
      @RagnarokCo 3 роки тому +1

      @@meshwilly2413 Yea except he's teaching you how to do it legally. And if you have a million dollars in assets I wouldn't want to jeopardize that doing a bunch of illegal stuff. If 80k is too much for you then it's not for you or I, it's for the people that pay more than that in taxes every year.

  • @simcptmike
    @simcptmike 3 роки тому +11

    Andrew i enjoy your videos. I'm a new subscriber. Im a common citizen and nowhere near a fortune holder. I find intellectual value in your videos and i like the way you speak and use your words. It keeps me engaged. I'm beginning to educate myself about crypto as of recently. Thank you!

  • @JASAdvantage
    @JASAdvantage 3 роки тому +10

    Thumbs up for us middle class guys who have no business even listening to this guy, but stayed anyway.

    • @crazydaizy915
      @crazydaizy915 3 роки тому

      🤣🤣🤣🤣

    • @DefiantDEFI
      @DefiantDEFI 3 роки тому

      Im in the same boat. But becoming financially educated and creating 3 income streams this year. Motivating to hold it and move abroad though

  • @chrisgt198726
    @chrisgt198726 3 роки тому +10

    My question is why would you ever want to sell your bitcoin when you can use it as collateral to take a loan out (50% LTV, 5%apy)? Assuming bitcoin grows 100% each year, you're earning 95% tax free interest and paying zero tax on the loan while avoiding capital gains tax if you sold. Makes sense to me.

    • @SpeedDemonExpress
      @SpeedDemonExpress 3 роки тому

      Where do you do this?

    • @Kevin_Roche
      @Kevin_Roche 3 роки тому +2

      @@SpeedDemonExpress Celsius. But it's not available for US residents as of now.

    • @chrisgt198726
      @chrisgt198726 3 роки тому +2

      @@SpeedDemonExpress blockfi

    • @chrisgt198726
      @chrisgt198726 3 роки тому +4

      @@Kevin_Roche the only reason he doesn't mention this is because it would take away some of his business

    • @SpeedDemonExpress
      @SpeedDemonExpress 3 роки тому +1

      Problem is they still tax you capital gains on all your trades.

  • @sparcx86channel42
    @sparcx86channel42 3 роки тому +9

    The problem is that countries that has no regulations doesn’t mean they are friendly they are just lagging... US is ahead of many countries in a matter of taxation but others can follow suit. You should take that on consideration

    • @fedcoin1602
      @fedcoin1602 3 роки тому +4

      ‘The more you tighten your grip, lord Vader, the more systems that will slip through your fingers”
      Money will go where it is treated best. Once upon a time, America lead in being friendly towards people who create businesses and wealth. Were they ahead then too? Just because the tide is going out, doesn’t mean it will keep going out.

  • @kingmike40
    @kingmike40 3 роки тому +12

    If I understand taxes correctly. If you keep the investment a year than the capital gain tax is only 15%. Shorter term gains are taxed at your income tax level.

    • @Eros13adios
      @Eros13adios 3 роки тому +6

      The best thing to do, is to never take out all your money out on a sum slush or else you'll face big Taxes. Just try to calculate how much money you need in a year and use it accordingly to your needs.They can't tax you when you have your money inside the market or in this case cryptocoins, but only when you liquidate. Try to use your money wisely and get all the tax credits that you can when you make a big purchase.

    • @Lorenzconnok
      @Lorenzconnok 3 роки тому +4

      Unless you live in the states with additional state capital gains tax. Ca tacks on an additional ~10%,depending on your tax bracket 13%. It’s such theft.

    • @WOLFanddBEAR
      @WOLFanddBEAR 3 роки тому

      @@Eros13adios You mean if you're in a stable coin?

  • @DonaldAppleberry
    @DonaldAppleberry 3 роки тому +30

    Been watching your channel for a while. I'm pretty worried about the recklessness of policy makers and their spending/printing. I'm in the US. Almost to the level where it would make sense to reach out. Keep putting out solid content! Just did a quick video on inflation and tried not to rip my hair out while talking about it. The next 5-10 years are going to be wild.

    • @stinkdyr301
      @stinkdyr301 3 роки тому

      As Ray says...Cash is Trash. Even he has seen the light of BTC.

  • @DonPavardenis
    @DonPavardenis 3 роки тому +33

    Oh guys we need to post this to Crypto Twitter some good content here. 👍

  • @shayneduncan6600
    @shayneduncan6600 3 роки тому +19

    Need net worth of 5-10 mill for 80k expense to be worthwhile.

  • @pst3115
    @pst3115 3 роки тому +8

    According to data from the existing tax legislation, we come to a conclusion that profit from trade in cryptocurrency is not taxed (rate - 0%), because “The Cyprus Tax on profits from trading in shares or other securities, including forex or bitcoins is 0%”

  • @IceBreaker1
    @IceBreaker1 3 роки тому +14

    Fav line........."I don't want to know later my ex-wife or my cousin Vinnie or whoever else drops a dime me"

    • @ChrisAthanas
      @ChrisAthanas 3 роки тому +2

      This Happened to me with an ex wife

  • @Vention1MGTOW
    @Vention1MGTOW 3 роки тому +28

    Neat idea but im barely even a millionaire. I live a frugal lifestyle. My big dream is to work in Permaculture. They can tax the potatoes I grow I suppose.

    • @BRAVENEWORDERFILMS
      @BRAVENEWORDERFILMS 3 роки тому +9

      I wish you the best, but imagine those jerks implementing Rona Lockdowns and also your property taxes, access to water? "Green" New Deal? They are psychos...

    • @ET-sp6qm
      @ET-sp6qm 3 роки тому +4

      @@BRAVENEWORDERFILMS truly and it’s a plan they sold out to the shadow elite rulers. They want to rid the world of workers and depopulate. Manufacturing and call centers are now automated. Next will be the food industry, then on to bankers, lawyers, accountants etc.I hope the professional in this video realizes what the future and artificial intelligence has in store for humanity.

    • @turborewind
      @turborewind 3 роки тому +2

      You should think about finding a nice girl, single mom that can manage your finances also and in her name buy a piece of land where you can settle down and permaculture. Adopt a couple kids and work on the ol farm. ;)

    • @Vention1MGTOW
      @Vention1MGTOW 3 роки тому +5

      @@turborewind lol! And get obliterated in divorce court? I hope you're kidding.

    • @christopherrussell6055
      @christopherrussell6055 3 роки тому +1

      @@Vention1MGTOW Dat prenup doe 💪 😎

  • @andydataguy
    @andydataguy 3 роки тому +16

    Thanks for listening to us on email. You really set the gold standard for modern consulting on UA-cam.

    • @nomadcapitalist
      @nomadcapitalist  3 роки тому

      Thank you, Anand. You're always welcome to contact us.

  • @mynamename5172
    @mynamename5172 3 роки тому +21

    Everyone from Argentina is that guy you don't want to be with a safe full of unreported dollars, LOL.

  • @magnolya8
    @magnolya8 3 роки тому +3

    Something else that's going on- Discover Card Services via Equifax is 'requesting' 3 years of tax info from approved card holders, fill out form 4506-T or account will be closed.

  • @FrankZen
    @FrankZen 3 роки тому +12

    "The wider the adoption, the more the sheep will dictate" which part of the reason I hate the excitement over "adoption"!

    • @uzah88
      @uzah88 3 роки тому

      Do you think if multiple countries adopt it then it'll be harder for america to be way worse in taxation/regulation? I see your point but hopefully it won't be as bad if there is global competition for crypto. We'll see.

    • @FrankZen
      @FrankZen 3 роки тому +2

      @@uzah88 Good point. I should really say I hate it specifically for the US haha. It's weird to see crypto users here so hell bent on installing the same tax structure onto crypto. This should be the point of renegotiation, not repeating the same mistake!

    • @mariobros7834
      @mariobros7834 3 роки тому +1

      @@uzah88 it will not, because Trump was the last barrier against globalism. The entire world will become way worse for taxation and regulation of anything than USA is today.

    • @crazydaizy915
      @crazydaizy915 3 роки тому

      Agree...can the people not have something left untouched by big brother

  • @davidthompson3308
    @davidthompson3308 3 роки тому +8

    Andrew I agree completely with your philosophy of "go where your treated best" legally. You have given me options and I hope to be contacting your company in the near future.
    Loved this video very interesting indeed.

  • @pixiet7321
    @pixiet7321 3 роки тому +16

    Such an elegant idea, I love it, Andrew. I hope you get to feel like James Bond with your first two niche customers !

  • @crsm9824
    @crsm9824 3 роки тому +8

    like the new short intro and right down to business-ness

  • @ThePretender
    @ThePretender 3 роки тому +17

    In Australia if we leave the country (which we're currently unable to do due to being banned by the government because of the coronavirus) we're taxed at a much higher rate. We become what's known as a "non resident for tax purposes". So my plan is to live in Thailand for 6 months out of the year so I stay an Australian resident for tax purposes, live off my government pension and let my Bitcoin holdings continue to rise in value. It wont be much longer before 5% of my bitcoin will be worth more than my monthly government pension. I might sell off 5% of my bitcoin per year, convert it to fiat and add it to my monthly income. I will rent in Thailand. I will rent a condo, I will rent a motorcycle, I will rent people - I will rent everything! It's a great plan - I go where i'm treated best (Thailand) and I own and live off two of the best assets imaginable - a secure government defined benefit pension income for life + bitcoin.

    • @kylejoseph225
      @kylejoseph225 3 роки тому +5

      Just use Celsius Network and live off the yield. That way you don't need to sell your BTC.

    • @ThePretender
      @ThePretender 3 роки тому +5

      @@kylejoseph225 Thanks - I will look into doing that

    • @Ostricht199
      @Ostricht199 3 роки тому

      You're right, that's the correct way to handle Bitcoin: don't trade, don't try to time the market, just hodl!

    • @Ggdivhjkjl
      @Ggdivhjkjl 3 роки тому +4

      You know the Australian government now charges you capital gains tax on any increases in the value of your coins and they count it as an asset for the purposes of assessing your pension eligibility.

  • @craigm.5674
    @craigm.5674 3 роки тому +2

    Nice vids... I have been spreading your word... American ...now living in Bavaria, 50 years old....and looking for 2 more European places for residence to retire in 6 years and live simple life in different places...
    Have many friends in USA wanting the same thing and want to get out of USA soon...
    keep up good work

  • @christianstewardship4638
    @christianstewardship4638 3 роки тому +10

    Very exciting news! New premium service. I think high net worth entrepreneurs definitely appreciate this service, especially when you can knock out a plan in a week and then get a passport in the next 6 months

  • @donniedarko7114
    @donniedarko7114 3 роки тому +25

    Easy solution - don't own anything, rent everything. Live like the sheep.

  • @sang3Eta
    @sang3Eta 3 роки тому +7

    I believe it's been a legal tender dual currency in Japan since 1st April 2017. Governments with any sense should follow Japans move and let their citizens save in Bitcoin to devalue their fiat debts away!

  • @IceBreaker1
    @IceBreaker1 3 роки тому +2

    I think the Crypto conference is an excellent idea, particularly being able to pay in the Crypto of your choice. Brilliant.

  • @samoanpunch
    @samoanpunch 3 роки тому +17

    How about offering a service to train others to do what you do so we can get more people eduacted or serviced properly? Like a contractors course

    • @stinkdyr301
      @stinkdyr301 3 роки тому +2

      My guess is he would rather not invite the competition. But you are free to start up your own expatriation consultancy.

  • @MgtowRubicon
    @MgtowRubicon 3 роки тому +2

    Even low rollers can make substantive moves to expatriate.
    Many countries do not allow foreigners to own real estate, yet you can acquire a master lease (with an option to buy), and then sublet to tenants.
    Motivated or distressed owners will very often let you take over the management of their property with no down payment; just make their payments and repairs, and then you're set.
    Often times, contractual control is superior to the risk of ownership, and you're earning a fair living while you are waiting out the clock to acquire citizenship.

  • @Jtronique
    @Jtronique 3 роки тому +2

    @Nomad Capitalist, are the Greyscale Trust stocks taxed differently than actual crypto? Thanks.

  • @kbs7340
    @kbs7340 3 роки тому +2

    Great for the big guys, but any help for the little people? Any help scaled down for small people? Would be a great business in itself. There are a lot of us.

  • @chrislanejones
    @chrislanejones 3 роки тому +10

    Second video, Team Nomad is working double duty today.

  • @bryanc14
    @bryanc14 3 роки тому +7

    Why not borrow against your crypto to buy a house, car, yacht, etc?

    • @christopherrussell6055
      @christopherrussell6055 3 роки тому

      That’s a good idea! Or at least a good thing to do more research on to see if it’s a good idea 😛 From what I’ve heard so far, companies like Celsius will loan you 25-50% of what you collateralize to them... I don’t own enough crypto to buy a house, but if I had enough to buy 2-8 houses I’d look into this further 😏 Just don’t get the loan during the BTC spike! When it comes down you’ll be liable for what it was worth at the top 😵

  • @heartstonecampground1081
    @heartstonecampground1081 3 роки тому

    I’m watching this in March 2021...Did you think a year ago your fee would be less than 2 Bitcoin coins? What a great time to be alive!

  • @user-gp3hh5zc8d
    @user-gp3hh5zc8d 3 роки тому +1

    How’s the standard of living in Puerto Rico? How does medical care compare to the US? Would I need to renounce my US citizenship to escape 30-40% taxes or will a duel citizenship work and only live in Puerto Rico a certain # of months per year?

  • @rosalache4581
    @rosalache4581 3 роки тому

    Andrew ,I'm a common citizen, yeasr before I was about to say This man is crazy ,charging this kind of money for consulting. Now I came to understand how we are trapped for government regulations never in favor of the population. I find Fair this $80,000 for your consulting somewhere else . I personally years ago maybe ten twelve for a course investment in Chicago with one is considered one of the greatest motivators and you has not rest a minute during the breaks because you are assaulted by teams of so aggressively to buy more courses and believe me people were paying for taking courses for $75,000 up years years ago.
    Now I see your consultation is very valuable for those time. Helping in all this sort of legal intricacies genuinely that's the value. I'm so wordy ,just I want to say I could feel emphaty with you. Thank you for give us an ample panoramic of what's happening in the world economic.

  • @ruqslo8032
    @ruqslo8032 3 роки тому +9

    Documenting parts of their nomad journeys would make great content 😅

    • @nightArbitrage
      @nightArbitrage 3 роки тому +1

      No seriously it would. I'd watch that.

  • @sunshinemyname
    @sunshinemyname 3 роки тому +9

    Hey Andrew, do you invest in US stocks? If so, how much of your portfolio is invested in the US stock market.

  • @binary_ironclad
    @binary_ironclad 3 роки тому +6

    My Cousin Vinny. My dude, you nail it every time.

  • @ronpomerleau3292
    @ronpomerleau3292 3 роки тому

    My wife is currently applying for her Hungarian citizenship, so it's good timing to have confirmation of the importance of a 2nd passport, Thanks for the information.

  • @Mathiu_Truhile
    @Mathiu_Truhile 3 роки тому +4

    Nice, two in one day. 2021 looking pretty good so far. All hail Mr. H, lol. 🙌🙌🙌

  • @blockavelli
    @blockavelli 3 роки тому +14

    I’m finding out that first hand , I’m an American living overseas. As an American there a lot of crypto trading platforms don’t take Americans

    • @leeaquirre2889
      @leeaquirre2889 3 роки тому +2

      go to atomic wallet, exodus or shape shift

    • @nomadcapitalist
      @nomadcapitalist  3 роки тому +4

      True; we've heard this complaint often.

    • @yorkpa3767
      @yorkpa3767 3 роки тому +3

      @Pui Yue racist

    • @xomox5316
      @xomox5316 3 роки тому +3

      @Pui Yue There are millions of Asian Americans living a good life doing very well are accepted as Americans. You are the xenophobe, but I do agree China has the right to not want the whole world wanted to move in a live there. The West opening their arms to everyone regardless or base IQ probably not a good idea.

    • @xomox5316
      @xomox5316 3 роки тому +6

      @Pui Yue Well these is systemic anti-Asian discrimination but its also systemic anti-White discrimination happening education being the large example as higher IQ minority Asians do so well it blows apart the marxist narrative that blacks and hispanics are not doing as well because of racist white people. So now schools are making it harder for white people and asains to get into them and letting in lower test score blacks and hispantics. That is not anti Asian or anti White its actually anti capitalist marxist thought. Asians nations will continue to do better as they become more capitalistic with higher average IQs Europe will start to slide down high as they are also being taken over by marxist thought. You don't seem stupid think and look deeper into issues. U.S. is declining because its being planned beware what you wish for because when the freedom individual rights super power is gone the globablist that will enslave us all take power

  • @dylanappenfeldt2442
    @dylanappenfeldt2442 3 роки тому +2

    BOOM
    You got me with the no Computer, zoom rather in person!

  • @tomorrowswealth9751
    @tomorrowswealth9751 3 роки тому +5

    I live in Puerto Rico and its great.

    • @islandboy9580
      @islandboy9580 3 роки тому

      i been thinking about pr for the taxes but so many people complain about the everyday nuances like banking ,car licences , 2 hour waits at restaunts to get service ect ect.. what is your opinion on this

    • @kirkhilborn1885
      @kirkhilborn1885 3 роки тому

      How expensive is housing down there? What is the avg. house price? (if you don't mind?)

  • @Eros13adios
    @Eros13adios 3 роки тому +1

    The best thing is to never take out all your money out in a sum slush or else you'll face big taxes. Just try to calculate how much money you need in a year and use it accordingly to your needs.They can't tax you when you have it inside the market or crypto coins, but only when you trade and liquidate.
    Try to use your fiat money wisely when you spend it and get all the tax credits available that you can whenever possible and as well when you make a big purchase (home/s, new business or car/s). Good Luck!
    Just taking drawing/liquidating your crypto into Cash to sit in the bank is a bad idea all around and setting yourself to be vulnerable to get in trouble in taxes for no good reason.

  • @brianbrian3031
    @brianbrian3031 3 роки тому +1

    Thanks very much! More updated crypto specific info in the future, please!!!

  • @chrislanejones
    @chrislanejones 3 роки тому +6

    I like VOO (Vanguard S&P) and Mutual funds, I might put a little in Bitcoin.

  • @RandyDiver1
    @RandyDiver1 3 роки тому +2

    Tell me if there is a flaw with my plan. I moved all my millions from my IRA to my Roth IRA, paid the tax and now inside my Roth IRA I am buying MSTR which is a BTC play. All profits I make on MSTR are tax free. So as BTC goes up so does MSTR. I’m doing good. Was up 1680% for 2020. Up 100% so far in 2021. I hold lots of TSLA Call LEAPS too. However your meeting sounds fun. Currently living full time outside USA.

    • @sirij8784
      @sirij8784 Рік тому

      thats actually a solid plan. I wish I could of converted my roth to btc when I last bought at $180. It would of been a 8 figure roth at its peak!

  • @papag1969CSMB
    @papag1969CSMB 3 роки тому +4

    Keep pumping up the FUD!!! Good work Bro!!

  • @maverickcapitalist1
    @maverickcapitalist1 3 роки тому +14

    I am quite glad I am not wealthy yet, as it is easier to move to a different system without major wealth in your name. The tyranny of the U.S. is just terrible and on same tune as former Soviet Union and just continues to worsen with each passing year!

    • @karlj1564
      @karlj1564 3 роки тому +3

      That's a fair point. I'm glad most of my wealth has been earned and kept outside of the UK. Even ordinary people can do a lot to change their lifestyle, living costs and financial security.

    • @ChrisGilliamOffGrid
      @ChrisGilliamOffGrid 3 роки тому +1

      Tyranny of the US? Huh?

  • @ppudoka
    @ppudoka 2 роки тому

    Once AMC squeezes I’m coming to you for consulting. Loving your content.

  • @renownedfear187
    @renownedfear187 3 роки тому +4

    its time for us to fight this shit. we dont need to take it. our powers in our numbers. fight to end income tax

  • @CuriousAndCuriouser1865
    @CuriousAndCuriouser1865 3 роки тому +9

    This dude is talking about an 8% capital gains tax, 90% of working people in the US are paying like a 33% payroll tax, and that's actually money they need to eat and pay rent with.

    • @NeonRaveHuskey
      @NeonRaveHuskey 3 роки тому +2

      I pay alot more than 8% in capital gains

    • @clammerify
      @clammerify 3 роки тому +2

      15 to 20% bud

    • @TQ2beats
      @TQ2beats 3 роки тому +2

      50% in Canada bud

    • @1mackky
      @1mackky 3 роки тому

      @@TQ2beats Its 50% in CGT here in Australia the first year, then 25% the following subsequent years and we get taxed on transaction fees and the amount moved wallet to wallet as well!

  • @taylorhunter1463
    @taylorhunter1463 2 роки тому +1

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

  • @ky-effect2717
    @ky-effect2717 3 роки тому +2

    Have anyone considered moving to Philippines for a friendlier crypto investing environment?

    • @philmp3169
      @philmp3169 3 роки тому +1

      I am single, no kids and enough wealth to retire there. I am in my thirties. I keep thinking about it every day to drop every thing and move there

  • @batk0427
    @batk0427 3 роки тому

    I like what I'm hearing. I already said I'm moving to Puerto Rico in 3yrs. after I shake this job.

  • @incipidsigninsetup
    @incipidsigninsetup 3 роки тому +1

    Take out low interest crypto backed loans. No tax and the cost of the loan would be less then the cost of the tax.

  • @billionairefaith1
    @billionairefaith1 3 роки тому +3

    If you get liquated trading bitcoin can you write that off.

  • @10MinutestoRouletteFortune
    @10MinutestoRouletteFortune 3 роки тому +1

    Portugal. Easy to get a bank account and citizenship in 5 years with no tax on crypto. Easy to get a home too. OR just move to Nevada for no Fed Taxes. Seems legit of a choice to me.

  • @JohnFlynnAttorney
    @JohnFlynnAttorney 3 роки тому +7

    $80K sounds cheap for what you’re offering. If I were at that level, I’d jump at it. You could probably have charged much more.

    • @nomadcapitalist
      @nomadcapitalist  3 роки тому +2

      Hopefully we can serve you one day also, John.

  • @jenasushawkins9492
    @jenasushawkins9492 2 роки тому

    Happy New Year 2022 The Year of No Fear.
    Keep spreading the light of truth filled with an abundance of love.
    ❤ 🕯 ❤

  • @angiebutcher4068
    @angiebutcher4068 3 роки тому +2

    Im very impressed with your ability to convey your expertise of taxes and crypto. I have to chuckle as I sit here in amazement of what I have learned when my 10,000.00 investment of btc grows enough to achieve asking for your advice. 🤪. Seriously impressed and would love advice from anyone on how to prepare for taxes with pennies invested. I’m a hodler but in my life, sadly life happens in middle America. Thank You!

  • @goththicus
    @goththicus 3 роки тому +8

    Doing my 2020 taxes using turbo tax it ask if you own cryptocurrency. 😳

    • @SolidworksUnlimited
      @SolidworksUnlimited 3 роки тому +4

      I just have 1 question does the government tell you the truth?

    • @Bonanzaking
      @Bonanzaking 3 роки тому +6

      The question was there last year

    • @dronetrucker
      @dronetrucker 3 роки тому

      Who's watching?

    • @dronetrucker
      @dronetrucker 3 роки тому +1

      If you sell you owe, if you Hodl, and DNT sell into fiat you DNT owe.

  • @burrito47108
    @burrito47108 3 роки тому +12

    I can’t wait to see you.

  • @kleocatra9675
    @kleocatra9675 3 роки тому +1

    They have increased the amount of time it takes to get your U.S. Passport. I sent mine in for renewal it now takes three months. The State Dept got in November 2020 it is now January 2021 and they still have not finished reviewing my documents. You can expedited for more money to the original time frame.

  • @LiamDavid
    @LiamDavid 3 роки тому +1

    You don't pay them and you tell them you lost it all on exchanges if anyone asks, which they won't.

  • @jasonbrown6534
    @jasonbrown6534 3 роки тому +1

    Thanks for this show. It can be very helpful. Keep it up.

  • @chrisknight1263
    @chrisknight1263 3 роки тому +5

    Great channel! Will reach out to your group for assistance with my crypto business. Thank you!

  • @brightlife3691
    @brightlife3691 3 роки тому +1

    Do I have to report to the IRS if I haven't withdraw my bitcoin. I only bought it and still in my account so I I need to reports to the IRS?

    • @outbackeddie
      @outbackeddie 3 роки тому

      There was a place on last year's tax forms where it asked if you bought any crypto. Oddly, it didn't ask if you sold any. I guess that sales part will probably show up in the tax forms for 2020 taxes.

    • @brightlife3691
      @brightlife3691 3 роки тому

      @@outbackeddie thank you

    • @mellissaalinas4123
      @mellissaalinas4123 3 роки тому

      I know you can't tax the rich so I decided to become rich with bitcoin, there's no much tax.
      My Riches is in asset I can't be tax

    • @mellissaalinas4123
      @mellissaalinas4123 3 роки тому

      Mrs Annabelle is a known and very good professional I've worked with her several times over the months she helped me gain 5.3btc

    • @ukitony3355
      @ukitony3355 3 роки тому

      The last thing I read was if you only hold, you don’t have to report

  • @rodiculous9464
    @rodiculous9464 Рік тому

    Watching this a year later and it's aging well

  • @JUSTTHETRUTHTV
    @JUSTTHETRUTHTV 3 роки тому +1

    FUNNY BUT True... Softy Andrew is right!

  • @bullishharvey8793
    @bullishharvey8793 3 роки тому +5

    80,000 dollars? Great. Dollar cost averaging starts ASAP.

    • @crossroads670
      @crossroads670 3 роки тому

      @@nomadcapitalist5639 ^ this account is a fake Nomad Capitalist commenter.

  • @gwyn409
    @gwyn409 3 роки тому +3

    As a British citizen Gibralter looks good at the moment, although that could change as the EU and UK sort out the Brexit rules going forward after Brexit.

    • @Albert1872.
      @Albert1872. 3 роки тому +5

      Portugal is a good option if you can become resident there.

    • @towhitby1
      @towhitby1 3 роки тому +3

      I moved to Guernsey from the UK...many advantages

  • @argon5806
    @argon5806 10 місяців тому

    Sates with no cypto tax: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming Puerto Rico. Capitol gains are lower if invested for more than one year. All exchanges report crypto to the FEDs and all crypto can be tracked. Buying off a peer to peer " DEX" exchange can remove the exchange so i'm not sure if it's being tracked. My plan is to get a mail box type residency in a US base crypto tax haven example Puerto Rico and be done with it. If buying over sea use you over seas bank to buy the crypto with and just pay the over seas tax on it. OR use your US based exchange and US based Crypto haven address and US bank and be exempt from taxes yet still live overseas. Not fair to get double taxed from both countries. Other countries may still try to tax you when bring money into their country so best to still keep your US bank and spend of the card. For large investments like land it will be hard to move large amounts with out being taxed

  • @Helloworldwrjfjrjrj
    @Helloworldwrjfjrjrj 3 роки тому +1

    Great Channel. We have UK and Australian Passports. Should be consider another. And any suggestions. Thanks in advance. .

  • @jeffb.140
    @jeffb.140 3 роки тому +8

    God I miss the free internet of the 90s!

    • @Vention1MGTOW
      @Vention1MGTOW 3 роки тому

      Its still out there. It takes about the same effort to get there as it once took to get on the Internet of the 90's.

    • @doloressverko9887
      @doloressverko9887 3 роки тому

      But in the 90s, we wouldn’t have this video available, among other things.

  • @rainbowsunshinekitty3953
    @rainbowsunshinekitty3953 3 роки тому +6

    So, you're saying that the pennies in my Robinhood crypto is a no go? 😢😂Alright. No problem😒 I hope to be lucky enough to need your services one day.

  • @mrpenguin4288
    @mrpenguin4288 3 роки тому +1

    Excellent content. A niche market destined to expand.

  • @FloatingSpaces
    @FloatingSpaces 3 роки тому +4

    Hi Andrew, I am a Canadian citizen. I’ve been noticing the change of policies are indeed like you mention “getting worst”. Could you make a video about why it’s no longer ideal to be a Canadian citizen? Much appreciated.

    • @ricardorodriguesrr18
      @ricardorodriguesrr18 3 роки тому

      That's easy when Canadian government starts to tax Canada citizens living abroad thats the excatly moment when you will the good reason to give up your citizenship

    • @thenewdavinci1852
      @thenewdavinci1852 3 роки тому

      Canadian here too can we get in touch.

    • @FloatingSpaces
      @FloatingSpaces 3 роки тому

      @@thenewdavinci1852 I’m afraid I won’t be much help. I suggest you contact Andrew and his team directly. Good luck!

  • @kingmike40
    @kingmike40 3 роки тому +3

    It seems to me that by the time a person moves pays taxes in the new country and has 2 homes to maintain it would be better just to stay put and pay the tax and not have the second home in a foreign country to maintain. The hassle of traveling between the two countries is enough for me to stay put.

  • @englishwithme9922
    @englishwithme9922 3 роки тому +1

    Why can't you just take a small portion to avoid taxes

  • @checogda262
    @checogda262 3 роки тому +2

    This guy is a hero

  • @alexvex_
    @alexvex_ 3 роки тому +8

    3 world class experts working on my business, for an entire week, saving me millions, for 80k is cheap actually.

  • @kozycoins4082
    @kozycoins4082 3 роки тому

    Life goals: Be part of The King's Man club. Already have 2 passports but afraid they are not taxes friendly . Canada nope. Poland 50/50 but feel like they are leaning a lot towards the US.

  • @Osie1978
    @Osie1978 3 роки тому +2

    Andrew you really found me today even though I'm a long time sub. Thank you for your work. I know for sure that I will need to contact you for a good chat ;)

  • @johnnyinnftmyers
    @johnnyinnftmyers 3 роки тому

    Is there any tax related difference trading crypto to USD vs. a stable coin, and centralized exchange like Coinbase vs. DEX?

  • @freakinaniche8552
    @freakinaniche8552 3 роки тому +3

    How do Montenegro and Albania tax crypto?

  • @motecho6876
    @motecho6876 3 роки тому +8

    Was it you Andrew who triggered the govt impose taxes on crypto! (Joke). It was also your other video on Malaysian permanent residence that might've triggered them to stop the expatriation.
    This shows how well you are doing job giving the best advice to free citizens from tyrannic rules.