Legal to move gold out of the country, sell the gold and not pay capital gains taxes?
The question is the thread title. I would like to know if doing this does not constitute tax evasion or any other slight against the good federal code of the United States.
Furthermore it's not illegal to emigrate with over $10k in cash or assets yet, correct?
Also, anyone familiar with import laws of countries that do not tax capital assets of imports like gold or finished goods like automobiles? I would like to know if there are still any import tax-free countries out there.
Last edited by MRK; 03-22-2012 at 05:24 PM.
If you're a US citizen you pay income taxes regardless of where you made the money
bump. i am curious about this as well
"You have enemies? Good. That means you've stood up for something, sometime in your life" - Winston Churchill
The difference between the Obama and Bush era
you have an allowance of making $80,000 a year, or something like that, if you live overseas. But otherwise, you're required to pay income taxes as long as you're a citizen. (if you can stay out of the country forever, more power to you)
Might be some useful information here: http://www.movingoverseasbook.com/ho...-united-states
Freedom is a state of mind. Nobody can take that from you unless you let them.
I did some research on this issue a while back:Originally Posted by MRK
http://www.pmbug.com/forum/f13/decla...ationally-121/
I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's HR 1098: Free Competition in Currencies Act?
I am working overseas right now. Anything I earn above $94,000 (roughly) is tax-exempt as long as I am in CONUS for less than 35 days from the beginning of my contract. It sucks for me and my wife and my dog, but it pays the bills so I don't complain too much.
Disgusting.
that is a solid article, thanks for posting that.
and offensive.
"You have enemies? Good. That means you've stood up for something, sometime in your life" - Winston Churchill
The difference between the Obama and Bush era
I've been wondering the same thing. I've been buying gold and silver bullion to prepare for the dollar collapse. Suppose the dollar starts collapsing and it starts to look like things are going to get bad here. What happens if I jump on a plane to the Bahamas with 100 ounces of gold in my carry on bag? Do they search for that?
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