### Comment:
I mean that’s a small part of it, but it’s still incredibly favorable.

### REPLY:
The other part is that a lot of other countries have favorable taxation for capital gains, even Canada. You don't want people to domicile elsewhere to pay lower taxes. Had the tax rate been higher, I would have given up my US citizenship. Instead I moved to Nevada because 15% on capital gains is doable as long as I don't have to pay state income tax.

### END.