RE: LOOPHOLE for the New 2018 Tax Law that Taxes All Cryptocurrencies in US
Even if the information in your piece above is correct, you still face the obstacle of dealing with the California Franchise Tax Board (FTB), which is the most dangerous tax agency in the United States.
If you are correct that you do not have to pay Federal income tax on your cryptocurrency profits, then you still are going to have to pay CA state income tax on those profits.
Also, you cannot easily quit your US Citizenship. In fact, you have to get permission from the US government in order to renounce your citizenship.
One of the top items, on the list of things required to renounce, is that you have paid all Federal income tax due. Your tax compliance will be scrutinized before you can renounce. You will be given an opportunity to make what the IRS calls your frivolous tax arguments at this point.
This provided you still have your US passport, as 2018 is the year the IRS really begins taking passports because of unpaid taxes.
And regarding US citizenship, that IS EASY to quit. You see you're a 14th Amendment FEDERAL US citizen via your Birth Certificate. No BC= no US citizenship. And the BC is EASY to kill. What it does is to create an IRREVOCABLE TRUST. So if you want to revoke it, then it's not easy as you mentioned. BUT it is FRAUD.
It presumes that you were born under the jurisdiction of the federal gov't. But that is a LIE. Federal gov't ONLY has territorial jurisdiction over District of Columbia and territories. So you can KILL the Birth Certificate simply by asserting that you were born in a state of the Union, such as California.
BOOM, the BC is DEAD, all you have to claim is a MISTAKE or FRAUD. And No BC = no US citizenship.
Like I said, the Emperor has no clothes (authority). Today's Democracy is CORPORATE and the BC is the contract that got you into it. Kill that and there's no contract, and without that the corporate STATE has no authority over you.
And thirdly, if you have to prove that you paid all income tax due before renouncing US citizenship, what do you think will happen when you assert that you NEVER WERE a US citizen, due to a mistake?
Then the IRS should RETURN all the tax you paid, for at least the last 7 years. Don't you think?
I myself have studied all the points you are making. You are correct in some of what you state. the real problem is in the fight itself, should the govt choose to prosecute. You have to be armed with MUCH knowledge in Constitutional law, and it is difficult to represent yourself in these situations and you ma=y have to spend some time in jail while you await trial to prove your case, should the govt consider you a flight risk. There are real examples of those who fought not needing to drive with a license as such an instrument is only required by commercial vehicles and its owners.., as driving the highways and byways of the United states is a RIGHT and not a privilege of its citizens. I'm interested in learning more. Social Security is voluntary as is income tax... but fighting these things in court is not easy when you make a mistake that State and Federal govt does not like.
Most if not all the people you speak of were US citizens. And ALL US citizens are IN COMMERCE, as their Birth Certificate was registered with the US dept. of Commerce. What I'm saying is that AFTER you got crypto income, you can JUNK the BC and with it the US citizenship. Then you just demand to see a contract, and since they can't produce one, there will be no case and no trial.
Like I said, the current gov't is CORPORATE, since it went bankrupt in 1933. So they no longer can claim any sovereignty. Even Trump couldn't claim executive privilege when a court shut down his executive order recently.
See, you're mostly wrong. Cali Franchise Tax board ONLY taxes TAXPAYERS. And taxpayers are defined by the IRS as US citizens and residents. Therefore Non-resident aliens are NOT TAXPAYERS. Furthermore, the Cali FTB gets the taxpayer info from the IRS. So if you're not a US taxpayer on federal level, you aren't one on the State level.
On top of that ALL gov't agencies operate within the FEDERAL ZONE. And that requires having an address with a ZIP code. And they didn't make that ZIP code up; YOU GAVE IT TO THEM, since they would NOT deal with you if you told them that you have an address without ZIP code.
Addresses without ZIP codes are FOREIGN to their federal zone! If you don't believe it, just try to get a driver license by insisting that you DON'T live in a ZIP code. IT CAN"T BE DONE!
See, the current governments ALL operate in the FEDERAL ZONE and that REQUIRES having a ZIP code address. No ZIP code address = no gov't jurisdiction. Etc. etc.