@lined

i have a friend in California who wants to off-ramp $1m in cash we just did the math on his taxes: - federal: 20% ($200k) - medicare investment tax: 3.8% ($38k) - california state: 13.3% ($133k) total tax bill: $371k what he keeps: $629k 37.1% of your earning cleared from the existence this is why people move to places like Dubai zero capital gains tax there - he'd keep the full $1m it's cheaper, cleaner and safer

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