Nevada Becomes First USA State to Ban Blockchain Taxes

[SamTheMan]

https://www.coindesk.com/nevada-first-us-state-ban-blockchain-taxes/

Don't know if this was discussed before here on the forum, 

but amongst many of us Hawaii crypto investors here on my island (Honolulu, Oahu) are strongly considering it if/when we withdraw large amounts of USD.

As some of you may know, there are already many Hawaiians in Vegas area (Summerlin, Henderson, etc.)   

We love Nevada.. as they say in Hawaii.. Vegas is our 9th Island 

 

Anybody here in Nevada state can confirm this is true? All of your capital gains being kept without tax issues? 

 

Respectfully with Aloha,

-SamTheMan

 

[rootvegetable]

Nevada already doesn't have a state capital gains tax.

[SamTheMan]

Nevada Senator: We Want to Be 'Home Base' for Blockchain Startups

Another affiliated link:

https://www.coindesk.com/nevada-opens-doors-blockchain-startups/

[Coinseeker]

I love to see the states fighting back.  With good results, this could spread to every state in the union.  Not sure how this jives with Federal law but it's good there are still freedom loving people pushing for real change.

[Guest]

So we all have to move to Nevada now? 

[SamTheMan]

Thanks for the reply, @Coinseeker

This topic was necessary as many other topics were discussing to evade IRS and USA citizens moving into other countries.

Nevada seems to be here in open arms with taxes.

 

[TinyRick]

2 minutes ago, CartoonCrimes said:

So we all have to move to Nevada now? 

Not sure there is enough coke and h*****s to support all of our money.

[Raiden]

So i guess ill see you all in Nevada fellas?

 

Nevada going to be the new NY if we all move there. 

[Guest]

7 minutes ago, PickleRick said:

Not sure there is enough coke and h*****s to support all of our money.

First round of hookers is on you. 

[MooNMaN]

Sounds like the perfect place to build another city in the desert. Ripple City has a bit of a ring too it!

[TinyRick]

2 minutes ago, CartoonCrimes said:

First round of hookers is on you. 

I wrote hookahs, like the tobacco kind. Odd... 

[robertbruce]

 

19 minutes ago, Coinseeker said:

I love to see the states fighting back.  With good results, this could spread to every state in the union.  Not sure how this jives with Federal law but it's good there are still freedom loving people pushing for real change.

 

25 minutes ago, rootvegetable said:

Nevada already doesn't have a state capital gains tax.

[Guest]

2 minutes ago, PickleRick said:

I wrote hookahs, like the tobacco kind. Odd... 

Ah yes, that classic American combo of coke and hookahs... 

[Alluvial]

It doesn't appear to be related to capital gains or income tax.  But Nevada is one of the few states that doesn't tax income.  Nevada wouldn't be able to change or affect the law regarding taxes at the federal level.

[bayarea510]

Guess I'll be retiring in NV! Cali is overpriced anyway