Comments by "dlukton" (@dlukton) on "Four Tax-Friendly Megacities for Fleeing NYC and California" video.

What about short holding periods? For example, suppose that half a person's capital gains are from positions that were held for less than 30 days; and that the other half (of the gains) were for positions held for a period in the range of 3-6 months. At a minimum, I would expect the former (less than 30 days) to be taxed at the ordinary income rate; but I haven't been able to find any definitive information about this.
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@holeefuk8505 As long as you don't have US citizenship, Mexico could be a good place to be a short-term trader.
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@hmartin1976 I suppose that a high-income trader.... who has US citizenship, and who doesn't want to live in Puerto Rico..... might even consider giving up his US citizenship (and moving to Mexico) in order to be taxed at a rate of 10% rather than 40%.
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@hmartin1976 US citizens are taxed on their worldwide income, regardless of where they live. And so, if the person's tax obligation (to the IRS) on a given trade were 35% (or even higher under Biden), he could probably get credit for the 10% tax he paid to the Mexican government, but he'd still have to pay the rest (the rest of the 35%) to the IRS. That said, it MIGHT be possible, somehow, for a US citizen to take advantage of the FEIE (foreign earned income exclusion) by setting up an offshore corporation, and then moving to Mexico.
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