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posted ago by perpetual_notion ago by perpetual_notion +13 / -0

What would be the best way to prepare ahead of time, or protect one's assets?

Crypto? Cash? Physical metals?..... something else?

And what possible tax consequences could exist for someone who takes their money off the grid so to speak, by some method?

Comments (15)
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Kekistan_United 8 points ago +8 / -0

heres some tips...

i have mutliple cars, they are 'owned' by my LLC out of montana.

the only thing on file at that LLC could show points to me, is an address

that address is a rental of mine, in another state. that mail is forwarded to me via my renters, at my cost.

if i were not lazy, i would slowly move most of my things into a private holding or delist my name on assets, into private holdings.

if some entity were to go and look to try to 'seize' my things. they would find my name on very few things.

honestly, we cant go crypto, fast enough. fuck all these clowns.

...

one wonders how one of the co-founders of facebook was able to shaft the IRS out of about 700millionUSD...

the other method would likely be to cash out most of it, and put it with someone you trust but unrelated to you...

in another country

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Hanging_Chad 6 points ago +6 / -0

700millionUSD

Wow, that's more than what Zuckerberg paid to rig the election

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Kekistan_United 6 points ago +6 / -0

ol' boy, co-founder, claimed he was brazillian (mostly true) and denounced US-citizenry before the IPO went public.

i think he is a dual citizen in singapore now, where likely, his investment is now x10 (x20?) by not dealing with a US-rigged system.

cashed out of the bullshit and never looked back.

bro is my HERO

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The247 1 point ago +1 / -0

That's pretty cool actually. You can keep your US citizenship if you move to Puerto Rico and check their boxes. Works like a charm for crypto. Gets you completely out of the US tax system. No income tax, no (new) capital gains taxes. It's a slick deal.

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Kekistan_United 1 point ago +1 / -0

the 'banana' plan

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deleted 4 points ago +4 / -0
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ChristPrevaileth 4 points ago +4 / -0

If people start getting their assets seized, their homes forcefully entered into, bank accounts frozen, arrested, etc. over refusal to get the gain of function NIH/CCP/Gates jab - I would say the best and only respectable investment now to hedge against that scenario would be brass, lead, steel, polymer & glass.

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perpetual_notion [S] 3 points ago +3 / -0

Fair enough. Can't access bitcoin from the gulag, organ harvesting table, or gallows.

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deleted 3 points ago +3 / -0
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The247 2 points ago +2 / -0

Best to be in btc. Know how to smuggle a btc wallet across a border :) yeah this war is going to kick off and everything is going to hell. I'm running when it does. I would stay and fight but I'm in libtard hell. No support. No backing. I would die alone, my kids taken From me, land take. From me. Separated from my physical metals... My BTC though. I got that In my mind.

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sofar 2 points ago +2 / -0

Stack satoshis. There will only ever be 21 quadrillion satoshis in existence, and even that number is a few quadrillion high with lost coins, etc.

Get a hardware wallet.

The Strike app, which doesn't charge any fees to buy bitcoin, will reward you with $5 through my referral link: https://invite.strike.me/JQJNPK

Build up a bit more and then transfer the BTC to your hardware wallet.

Right now $5 is almost 12,000 satoshis. https://awebanalysis.com/en/convert-satoshi-to-dollar-usd/

Again, let me repeat. There are NO FEES for buying Bitcoin through Strike.

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Truemaloy 2 points ago +2 / -0

Good question.

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JimBeam23 1 point ago +1 / -0

Land.

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The247 1 point ago +1 / -0

Taxes fines fees zoning environmental regs, not portable etc. Have a low key spot but don't make it your whole net worth.

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ChristPrevaileth 1 point ago +1 / -0

The only tax consequence i could think of would be based on where the cash you are wanting to pull out is currently parked. Selling a home? Taking from 401k/investment account?

Your money is your money, but invested money is taxed differently potentially since it (hopefully) generates income.