/biz/ - Business & Finance

[Anonymous No.22133650]

>mfw I'm a pussy and gonna pay my taxes
Rip 40% of my crypto portfolio. Fuck the IRS.

[Anonymous No.22133677]

>>22133650
not paying taxes till my government starts enforcing law on the subhuman kikes burning down cities. sorry juden.

[Anonymous No.22133720]

UK fag. I'm transferring about 10k USD per month to exchanges from my UK bank account (about $1500 every 3 or 4 days). Will they catch me?

[Anonymous No.22133749]

>>22133720
yes retard

[Anonymous No.22133759]

>>22133720
Pay your taxes or go to jail. Simple as that.

If you hide any and get caught 10 years from now you'll be fucked. Pay the Piper and take it up the ass like the rest of us.

[Anonymous No.22133771]

>>22133720
Yes. Prepare to get gaped.

[Anonymous No.22133809]

>>22133720
Just do it anyway, fuck em. If you get caught just plead that you're a tranny, Syrian with schizophrenia and that paying taxes would be racist, ableist, and transphobic or something. Seriously, use their gay ass system against them.

[Anonymous No.22133812]

>>22133650
Imagine paying taxes lmao

[Anonymous No.22133826]

IF YOU HAVE MORE THAN $20K IN CRYPTO THEY WILL COME FOR YOU.

Talked to a dude at JPM about this. IRS doesn't give a fuck until you go over $20k. After that you have to pay. Think of it like going 9 mph over the speed limit, the cops aren't gonna start pulling you over until you go 12 or higher mph over.

[Anonymous No.22133863]

>>22133826
you think the IRS knows about your metamask wallet? brainlet

[Anonymous No.22133865]

>>22133812
I'll do what I have to do to ensure my wealth stays in my hands.

>t. made $80k so far this year in crypto

[Anonymous No.22133925]

>>22133650
You do realize only swingers pay 40% in taxes? People who hold for 1 year or greater pay around ~18% in taxes.

It's called capital gains taxes retard.

[Anonymous No.22133926]

Sorry dude, but it's my right to have universal healthcare and basic income, and how else is the government going to get me those things?

[Anonymous No.22133949]

>>22133863
Hurr Durr IRS can't look at transaction history and see that I funneled in ETH from gaybase. Hurr Durr I'm never selling any of my crypto for USD ever, so I don't have to claim anything on my taxes.

5 years from now when you have $500k in crypto, you're not gonna realize any of that to USD? Nothing at all? Yeah right.

[Anonymous No.22133956]

Never selling

[Anonymous No.22133993]

>>22133925
I swung trade for $80k in profits.

[Anonymous No.22133999]

>>22133863
You're never going to cash out?

[Anonymous No.22134004]

>>22133826
Just sell it slowly then

[Anonymous No.22134096]

>>22133720
Maybe. At least try to be smart about if you're trying to dodge taxes. Don't transfer directly from you bank account.
Make sure you understand the risk of not paying your taxes. In my country you can literally go to jail and get fined 2x+ in fines for trying to avoid taxes on large gains.

[Anonymous No.22134113]

>>22133949
>Hurr Durr I'm never selling any of my crypto for USD ever, so I don't have to claim anything on my taxes.
>5 years from now when you have $500k in crypto, you're not gonna realize any of that to USD?

When you put it that way, fuck no.

[Anonymous No.22134159]

>>22133999
I'm just going to waste it all on vacations so it can't be traced

[Anonymous No.22134170]

Here's the real question, does Binance provide info to the IRS if you didn't KYC?

[Anonymous No.22134183]

>>22133826
>Think of it like going 9 mph over the speed limi
no it's more like going 5 mph over. cops will rip your asshole open for 9mph over in florida

[Anonymous No.22134198]

>>22133993
Well enjoy being taxed 40% then.

[Anonymous No.22134227]

>>22133999

Precisely. You can live off of bitcoin if you buy gift cards with bitcoin. I already have lived off of gift cards for an entire year.

[Anonymous No.22134244]

>>22133720
Flee the UK.

[Anonymous No.22134319]

>>22134227
too bad using realized gains of an asset is taxable as well
>buy $100 of btc
>btc doubles
>$100 gain
>use bitcoin to buy $10 coffee
>must withdraw another $4 of btc to pay the taxes on the $14 @ ~30%, then pay another set of taxes on the coffee itself
the moment you realize taxes really are just like they were in the middle ages, the quicker you'll start making stronger financial moves

[Anonymous No.22134365]

>>22133863
Depends on how you initially bought crypto and how much you bought. I know for a fact that most tax authorities in wealthy countries have tools that easily track your trades/ transfers.
In other words, unless you used a private FIAT onramp or started with a very small initial investment then there's a high risk that they will get around to you at some point in the future. If you used privacy coins to hide your holdings/ trades then tax authorities obviously can't what you're holding/ what you owe but they/ their system will most likely be keeping a VERY close eye on your transfers/ assets.

[Anonymous No.22134366]

this is the part i hate most about crypto, make $100,000
trade it for something else
send $30,000 to my account for fucking april

you're not meant to win, only corporations. the longer people are deluded into believing black white, rich poor, the longer people will continue to get fucked by Nike and Boeing

[Anonymous No.22134390]

>>22134319
I'm gonna make a strong financial move out of the US if any of my crypto moons. Period.

[Anonymous No.22134413]

you're making money out of watching the line go up and down bro
how greedy do you have to be?
pay your taxes

[Anonymous No.22134468]

>>22134413
>it’s greedy to not feed subhuman leeches
kys nigger

[Anonymous No.22134472]

>>22134413
hello juden

[Anonymous No.22134476]

>>22133650
as much as it hurts it’s worth it anon. you can be audited up to 7 years in the past. I’d rather just take it up the ass now than be constantly looking over my shoulder for the better part of a decade. fucking kikes

[Anonymous No.22134521]

>>22133650
Thats your fault for living in the US

[Anonymous No.22134524]

>>22134390
this is the right answer, but understand that even as a us citizen any earnings you make overseas are taxed as well
>make 100,000 in germany
>germany takes 40%
>usa sees you making 60,000
>taxes you at that bracket
thanks for playing the game of "The Most Powerful Country in the World"

[Anonymous No.22134557]

>>22134390
And go where? Everywhere else is either a shithole or also has high taxes. There’s no point to wealth if you live in a shithole because there’s nothing to spend it on

[Anonymous No.22134568]

These threads are ALWAYS bullshit
Fuck this clown system why should they get one penny of my money when their ultimate goal is to rape and brainwash my children destroy my country and piss on the memory of my forefathers FUCK THEM and fuck you cucks for not resisting this utterly kiked tyrannical clown system with every fibre of your being
I’d happily pay if I knew the money was being used to create and maintain a just safe ethnically homogeneous society but it’s just nothing but faggorty trannies Jewish demoralising fucking garbage wall to wall
JUST FUCK OFF I’d rather go to jail than pay even 1% to these fucking disgusting Jews
What the fuck happened to this place you’re all a bunch of fucking queer redditors take your tax cuckoldry tie it in a bow and neck yourselves with it
Fuck you

[Anonymous No.22134600]

>>22134227
>becomes a millionaire
>has to live the rest of his life like a broke nigger anyway
kek have fun with that

[Anonymous No.22134612]

>>22134413
Its called risk and unlimited money printing making it necessary. Print the tax money needed and fuck off.

[Anonymous No.22134627]

>>22134468
it's paying for other shit too

>>22134472
continually working on ever more baroque ways to avoid giving your host state what it's due? I'd argue the jew is you bud

[Anonymous No.22134690]

>>22134390
>I'm gonna make a strong financial move out of the US if any of my crypto moons
you still have to pay even if you move abroad. the only way this works is if you renounce your citizenship and never return again.

[Anonymous No.22134694]

>>22133650
RENDER UNTO CAESAR WHAT IS CAESAR'S

[Anonymous No.22134753]

>>22134690
Do you think I like the US? Fine, I'll pay my taxes. FUCK OFF JEW

[Anonymous No.22134770]

>>22134690
I’ll probably renounce soon

[Anonymous No.22134777]

>>22133926
fuck you

[Anonymous No.22134803]

>>22134413
This is my exact thought. I made more money in the last three months than my neighbor makes in 5 years. And watching him leave at 7 AM to go wage while I neet it up at home playing vidya, masturbating and watching lines go up the least I could do is pay taxes

[Anonymous No.22134813]

>>22134568
I feel exactly the same way but i’m also not a delusional retard that thinks he can escape the tax man. you think when you get audited they will let you off because you think taxation is unfair? nah dude you’ll be going to prison and you’ll still have to pay plus penalties and interest. that’s the way it is.

[Anonymous No.22134859]

>>22134568
based

[Anonymous No.22134896]

>>22134627
>paying for other shit too
yeah like the shit infrastructure, the medicare and social security i won't ever get to utilize, and the public schools that get worse and worse with every waking moment, amazing

[Anonymous No.22134939]

>>22134568
truth

>>22134813
But like this guy said, be careful, and play the system for what it is. Lots of incentives and loop holes to take advantage of. DYOR.

[Anonymous No.22134951]

>>22133925
just swing once a year then retards, stay poor everyone

[Anonymous No.22134963]

>>22134366
*get fucked by ((them))

[Anonymous No.22134965]

>>22133650
Make a company and write off those earnings by buying shit

[Anonymous No.22134986]

>>22134813
I’ve already cashed out around $100,000 over the last three years and I paid a big fat goose egg in tax THATS ZERO
Send me to jail see if I give a fuck

[Anonymous No.22135023]

>>22134227
Not a bad move but there are other ways to cash out anon

[Anonymous No.22135117]

>>22134803
this is it
personally - I've been both. did the backbreaking 12 hour days just to pay the bills and now I make money out of thin air with crypto, have time for my hobbies and gym. I am completely fine with taxes

[Anonymous No.22135174]

this thread is literally glowing at this point

[Anonymous No.22135830]

>>22134770
Don't forget to pay the $50,000 renouncing fee, goy :^)

[Anonymous No.22135990]

>>22134627
>host state
im not beholden to ANYONE and dont you forget it

[Anonymous No.22136174]

>>22133925
Question for you bros. If I buy eth to buy an alt, hold the alt for 1 year and make hella gains, sell for eth to USD, I get the lower capital gains rate right? As long as i dont have to hold eth/etc for a year to cash out I should be good yeah?

[Anonymous No.22136381]

>>22133720
Depends, are you white?

[Anonymous No.22136468]

>>22133677
no taxation without representation. they are not sticking to the deal they forced me into without my consent. I have no legal obligation to honor it.

[Anonymous No.22136511]

>>22136174
>Trading alt held for 1 year for ETH
Low capital gains rate
>Trading ETH you just bought for USD
Higher capital gains rate

Any crypto to crypto trade or crypto to USD trade is seen as taxable "cashing out" event by the IRS.

[Anonymous No.22136519]

>>22133949
I'll be paying for *everything* in crypto.

[Anonymous No.22136543]

>>22133925
It's not 40% you stupid nigger. Not unless you're already wealthy and that's your tax bracket. I make $100k and it's 24% for me in the U.S.

[Anonymous No.22136552]

>>22133650
I will unironiclly remember my monero keys and leave this shit country with the crypto i mined and traded on scam exchanges.

[Anonymous No.22136580]

>>22133826
This is copy/pasta and I suspect this entire thread is fear-mongering pasta written by a glowie.

[Anonymous No.22136672]

>>22133720
You would have gotten away with it, but your post was automatically picked up by the IRS. I used to work there but just got let go so literally don't give a fuck anymore. Their IT didn't shut off my remote access yet even though it's been a month. Just wanted to give you a heads up though.

[Anonymous No.22136703]

>>22135830
Why the fuck would it be that much

[Anonymous No.22136721]

>>22134627
you sound like the biggest jew in this thread

[Anonymous No.22136754]

>>22136672
>IRS
>UK
Are you even trying m8?

[Anonymous No.22136760]

kind of a relief that every time I try my hand at crypto I get raped so its always a write-off?

idk

[Anonymous No.22136803]

I live in Belgium, paying none of these taxes because i just know it goes to government kikes and niggers.

[Anonymous No.22136833]

>>22133650
Come on dude, don't you know shaniqua gotta feed her 12 kids so they grow up nice and scrong so they can burn down all your cities and culturally enrich what's left of your civilization?

[Anonymous No.22136858]

LADS, LISTEN. if you NEVER SELL YOUR LINK STACK and you STAKE IT, you will only ever pay taxes on the dividends you get from staking. SIMPLE

[Anonymous No.22136904]

>>22133759
Statue of limitations on taxes is less than 10 years tho.

[Anonymous No.22136916]

>>22133650
> Go to Germany
> Stay for one (1) year
> Work a comfy job for that year
> No taxes on crypto

[Anonymous No.22137078]

>>22134986
why would I send you to jail I don’t give a shit I hate the government. just be aware that whenever you cash out $10k or
more your bank has to report that to the tax niggers. if you get audited just be prepared to fling all your money into monero and flee the country

[Anonymous No.22137276]

>>22136543
This.
Question though, does the profit from capital gains affect your tax bracket?
Say you made 100k from waging, and you have 75k capital gains.
Would you be categorized as 175k taxable income? Or 100k?
This is the difference between 24% and 32% tax rate if you're a single filer.

[Anonymous No.22137381]

Can you "cash out" on uniswap to usdc, then send usdc to coinbase to avoid paying higher rate?

Assuming they can prove beyond a reasonable doubt that your metamask belongs to you. Which I'm pretty skeptical of. Sure, they might go after you, but if you take it to a court of law I'm sure they'd just settle with you.

[Anonymous No.22137407]

>>22134557
if youve got the money there are some actual nice areas in puerto rico believe it or not. the 183 days is a meme. coworker of mine made the move in 2017 and i swear hes still on the west coast 10 months a year

[Anonymous No.22137481]

>>22137381
What difference does it make where you send to coinbase from? You can't cash out to fiat without kyc.

[Anonymous No.22137510]

>just got a tax bill in the mail for my 2016 state tax return I knew I fucked up but couldn't accurately pay without notice from the government
>crypto market bleeding another day
>I'm expected to pay tax on every penny of profit I've made on crypto even though I have nothing to begin with

such is life in muttmerica

[Anonymous No.22137548]

>>22137276
The answer is both. Marginal tax brackets, dude.

[Anonymous No.22137688]

>>22136468
Yep, tax revolt is in order. NOT PAYING, KIKES.

[Anonymous No.22137727]

>>22134319
back then they put played soccer with you head if you demanded more than 1/10 in taxes

[Anonymous No.22137746]

>>22134939
>Lots of incentives and loop holes to take advantage of. DYOR.
Is moving to Portugal a good cash out plan? Teach me sempai.

[Anonymous No.22137831]

>>22137548
Just googled it, figured it out. Thanks man, had no clue how it worked til now

[Anonymous No.22138128]

>one trillion on ponzi scheme/free money for niggers
>676 billion on drones to bomb mudslimes halfway across the planet

[Anonymous No.22138427]

>>22136672
Very nice of you mate

[Anonymous No.22138551]

>>22133759
Fuck of FBI I'm not gonna pay your donuts.

[Anonymous No.22138583]

>>22133925
Didn't read, still not paying.

[Anonymous No.22138647]

>>22133949
Think transaction history matters? You think its gonna fly when they claim I own all the coins in previous address? You do realize in examples like bitcoin you can track every single coin back to the block that minted it, think everyone holding pieces of that block reward will get taxed on the entire block? How stupid are you? Its hard enough to prove you own the first address. Fuck off.

[Anonymous No.22138674]

>>22133650
How do you actually go about paying those taxes? Is it taken out automatically?

[Anonymous No.22138735]

To all the brainlets talking about not being possible to cash out withot KYC. You are all fucking retarded. You can get any crypto debit card with a photoshopped drivers licens and walk straight up to an atm to cash out. Enjoy paying the tax man do fuck you, don't come back crying to /biz/ when your taxed more than your initial investment because you decided to out your stupid self.

[Anonymous No.22138753]

>>22133650
if only these subhuman blm protesters would riot in front of the irs building like they did at the cnn headquarters in Atlanta.

[Anonymous No.22138794]

>>22136672
>I used to work there but just got let go so literally don't give a fuck anymore. Their IT didn't shut off my remote access yet even though it's been a month.

This is what our tax dollars (re: printed "free" money) is going to.

[Anonymous No.22138814]

There has been too much violence, too much pain.
None here are without sin, but I have an honorable compromise: Just pay your taxes.
Cash out your crypto, get an accountant, print out your info from exchanges, report all your gains, and I spare your life.
Just pay your taxes. I will give you safe passage in the threads.
Just pay your taxes and there will be an end to the horror.
I await your answer. You have one more post to decide.

[Anonymous No.22138866]

>>22133650
Being greedy to sacrifice your freedom is a bad gamble, dude. Just take the hit and you can sleep easier at night.

[Anonymous No.22138980]

>>22138735
So your cashout plan is impersonation for the ATM camera

[Anonymous No.22138981]

Use exchanges without kyc like flame.exchange and logicdex.pro and use privacy focused cryptos like xmr and 0x mr

[Anonymous No.22138987]

>>22134227
What about credit card debt or something like that? What if you need cash? Also, where are you getting gift cards from?

[Anonymous No.22139037]

Hold for 1 year if possible. The difference between short and long term capital gains tax is substantial

[Anonymous No.22139042]

Where can you trade crypto without KYC now? It seems impossible for US customers.

[Anonymous No.22139124]

>>22135023
Such as?

[Anonymous No.22139241]

>>22138980
Yea, I'm only cashing out 0.003ETH so I cant afford a cap and sunglasses...

>>22138866
Not really a gamble, also how about the freedom you sacrifice by not being allowed to do whatever you want without asking big bro taxman in advance? You can spend a week writing down all your transaction basically doing their work for them before paying them for letting you do their work if you like to. I'm not. Bring your own lube, they wont.

[Anonymous No.22139291]

>>22133650
>40%
and i thought I had it bad in Germany with 23.735% tax.

[Anonymous No.22139353]

>>22138987

My guy you can trade BTC for gift cards on a site like Paxful.

[Anonymous No.22139505]

>>22133826
you're incredibly retarded if you think balance is the only factor that triggers an audit/investigation. i have no idea what the triggers are, but it's more than just balance.

[Anonymous No.22139618]

>>22138647
that's sketch as fuck dude. you'll have to fudge numbers when you do taxes. they'll catch a discrepancy one day anon.
>>22134568
based and justified anger

[Anonymous No.22139704]

After trading so much, how would you even calculate how much you owe? its not like uniswap or other crypto exchanges send you financial statements/tax forms at the end of the year..

[Anonymous No.22139718]

>>22139505
what other factors do you think come into play?>>22134568
based

[Anonymous No.22139780]

>>22136543
> be german hard working idiot
> make 50k yearly
> 42% taxes
> healthcare not included
> retirement not included

Welcome to my world

[Anonymous No.22139789]

>>22139353
Nice, I was looking at another btc gift card site too but haven't used it. Fees seem pretty high but it's better then taxes

[Anonymous No.22139855]

>>22133677
Checked & patriotpilled; fpbp.

[Anonymous No.22139977]

The rich use taxes to keep the middle class from leveling up. Also, consider all the shady stuff your taxes go to, such as paying for immigration. You're literally paying for the erosion of your culture and decrease in wages. These evil capitalists have socialized the cost of immigration, while privatizing the benefits of it. Immigration is needed by capitalists to keep the economy growing, and you're paying for it! Lol, if that doesn't boil your blood, I don't know what does.

[Anonymous No.22140137]

>>22134227
Thanks for the advice fren. I hope you make it.

[Anonymous No.22140171]

>>22134568
Cringe.

[Anonymous No.22140444]

So if the issue is large or small frequent deposits into bank accounts, is paypal an alternative, do they have the same system of notifying like banks do?

[Anonymous No.22140751]

I've been holding since the crash of 2018.

[Anonymous No.22140779]

>>22133650
FUCK

fuck

FUCK

THE GOVERNMENT

[Anonymous No.22140842]

>>22133809
based and CPA pilled

[Anonymous No.22140849]

>>22133949

Na. I'll just take out a loan at 2% apy.

Swear you guys are def retarded. You think elites and the like actually cash out to buy shit? It's called a line of credit.

Fucking basic ass bitch bois.

[Anonymous No.22140996]

>>22133650
what is left of America? why not Argentina? full of beautiful women seems like the least niggerish place of sa

[Anonymous No.22141001]

>>22134557
St. Kitts if you invest 150k in a property you get citizenship included.
The next step would be renouncing U.S. citizenship before you cash out.

[Anonymous No.22141080]

>>22134986
>I’ve already cashed out around $100,000 over the last three years
I think the 1st 40k of capital gains each year is tax free so you're good.

[Anonymous No.22141110]

>>22139124
Purchasing gold from apmex, jmbullion, providentmetal

[Anonymous No.22141261]

>>22141110
Don't you need KYC? Also, you need KYC to sell gold as well

[Anonymous No.22141272]

>>22136760
thats a man

[Anonymous No.22141337]

>>22141261
You used to be able to purchase a lot of it without KYC
It was 1 kilo ~40k with out reporting, but they all use bitpay now which limits you to like $2,500-$3,000 now

[Anonymous No.22141528]

>>22141080
thats only assuming you have no other income. if you already made 50k at your job then all your cap gains are going to be taxed.

[Anonymous No.22141553]

>>22134004
What if you have 1 mil in crypto ? Are you going to cash out 10k per year?

[Anonymous No.22141658]

>>22140849
And what will you do when your folio goes -90% in a crash cause you didn't sell it for fiat?

[Anonymous No.22141727]

>>22133759
Lol
t. Glowie

[Anonymous No.22142103]

>>22141658

This is why you won't make it.

[Anonymous No.22142136]

>>22141337
when you pay through bitpay, is your crypto sent to an anonymous bitpay wallet and the vendor just receives fiat from bitpay? Or is your crypto sent to a vendor specific wallet?

[anon No.22142147]

>>22133720
Is this serious?

[Anonymous No.22142221]

>tfw you're not retarded and your portfolio is 100% link that you've held for more than a year

long term capital gains of only 15% so sweet

[Anonymous No.22142344]

>>22139505
pretty sure it's time/money

if you slowly accumulate 19k over the course of a year sure
if you try to cashout 19k in one day...

[Anonymous No.22142444]

>>22141080
That's if you have zero other income, but technically correct.

If you work at Wendy's though, you might be looking at a bit more

[Anonymous No.22142892]

>>22142103
No it exposed you as a newfag who just got into crypto. I'm going to cash out millions in crypto. Not try to jew along on credit lines and such.

[Anonymous No.22143025]

>>22140751
+ State and local which depending on where you are may fuck you over immensely and not have long term cap gains rates or just treat EVERYTHING as income

[Anonymous No.22143053]

>>22133720
Why would you get caught sending fiat to a crypto exchange retard, they're re only interested in whats going the other way

[Anonymous No.22143149]

>>22133926
Parasites deserve the rope.

[Anonymous No.22143167]

Based

[Anonymous No.22143187]

Taxes are for people too stupid to avoid them
There's about a million ways

[Anonymous No.22143219]

>>22142344
that's technically structuring, which is tricky

a reminder to all anons here, keep in mind they nabbed Al fucking Capone *on tax evasion*

not murder
nor the countless other felonies he clearly, OBVIOUSLY committed - fucking TAX FRAUD.

[Anonymous No.22143304]

>>22133677
This. Fuck paying taxes so niggers can eat.

[Anonymous No.22143727]

good god amerimutts are cucked. that "freest country in the world" propaganda they feed you in school really works huh? you guys need to renounce before you sell any crypto then move to portugal or malta or something, ANYTHING is better than supporting a government that is actively trying to fuck you in the ass. at least in other high tax countries they give you free healthcare and interest free student loans

[Anonymous No.22143868]

Not listening to anyone here telling me to not pay my taxes. Fuck you faggots I'm not going to jail, money is nice but being able to take my dog for a walk is nicer ¯\_(ツ)_/¯

[Anonymous No.22144036]

>>22133650
>Never sell
>Just report I bought crypto

Pssh nothin personnel

[Anonymous No.22144205]

it blows my mind that you ahve to pay taxes for crypto as if the fucking government created it like what the fuck

[Anonymous No.22144291]

>>22143219
I'm paying my late taxes come october 18th. It'll set me back (because I paid 7k on hospital bills and that isn't deductable. KEK!!!@#@!#@!@# I LOVE AMERICA!!!!!!!!!!!!!!!!!!)))) . anyway I'm not dodging anything. I'm simply not going to cash out any crypto investments I make.

[Anonymous No.22144322]

>>22133720
You're fucking stupid and deserve to be caught for asking such a retarded question

[Anonymous No.22144385]

What's a tax haven country where I can dumpy my money and let it rest?

[Anonymous No.22144481]

>>22144385
Switzerland.

[Anonymous No.22144516]

>>22144385
>>22144481
Actually, scrap that. Malta is the safest bet. It's where Binance's HQs are ffs.

[Anonymous No.22144581]

>>22144385
you can also get creative and do some messing around with a company/trust and main residence in a tax haven jurisdiction while you move every 6 months or so round countries you actually want to be in, never maintaining a permanent place of abode so never becoming a tax resident of those countries.

check this guy out
https://nomadcapitalist.com/

[Anonymous No.22144622]

>>22136468
You gave me an erection

[Anonymous No.22144736]

>>22144516
malta didn't pan out that well. the best as a burger is to go to PR and set up a biz then pay yourself 50k a year and do crypto thru the biz. Even that's too much work for most NEETs. Otherwise if u made it already try goldenvisas.com and buy your way into another place then renounce US slvemanship.fuck this place.. it's not worth the bill and I hate both sides of the government and 90% of the people here.

[Anonymous No.22145000]

>>22138674
You file with the IRS on April 15, and report your earnings. That means you pay it voluntarily or risk a government ass raping.

[Anonymous No.22145978]

>>22134568
based, fuck the IRS and this shit nigger infested country.

[Anonymous No.22146294]

>>22145000

[Anonymous No.22146539]

>>22133650
The government is a service corporation and has no power over you.

[Anonymous No.22146769]

>>22136174
You're only taxed on actual gains so if you're only holding ETH for a small period of time (like in your example) the taxed amount would be pretty much negligible, if you aren't moving massive amounts of money.

[Anonymous No.22146851]

>>22136904
>sculpture of limitations

[Anonymous No.22147187]

>>22134568
One of the most based posts I've ever seen on this board

[Anonymous No.22147251]

my last employer stole my tax returns and my trump stimulus. i didn't even get to do my taxes.
my employer did my w2 and sent my taxes to his biz account, then when the trump stimulus happened, my employer also got that too.
did it to all his employees..
irs doesn't give a fuck, the state doesnt give a fuck. no one gives a fuck.

so fuck you all, i'm taking it back tax free.
sick of everyone FUCKING ME.

[Anonymous No.22147458]

>>22133926
I know you're basedposting but Jerome Powell fucked up by revealing just how far the Federal Reserve can go in printing money. There is no excuse for taxes now when interest rates can simply be adjusted.

[Anonymous No.22147487]

>>22134227
You can buy gold and silver with BTC.

[Anonymous No.22147511]

>>22134413

[Anonymous No.22147522]

>>22133650
>>22133720
Why not use cash? You can sell it for cash in localbitcoins

[Anonymous No.22147947]

I posted this the other day. RIP my $7075.

[Anonymous No.22147985]

>>22133863

considering most idiots just withdraw from their coinbase to a metamask, do you not think analysis of withdrawal wallets is performed? idiot.

source: investigator, I've also given the IRS lots of advice on people like you <3

[Anonymous No.22148318]

>>22136672
Explain how the post was picked up anon

[Anonymous No.22148339]

It's called BUCC boys

[Anonymous No.22148404]

>>22147985
Good luck tracking anything outside of Coinbase dumb faggot.

[Anonymous No.22148455]

Does the CRA do any audits? I honestly doubt anything Canadian could find find its own asshole on its ass.

[Anonymous No.22148487]

>>22148404

lol, it's always the edgelord cypherpunk-larping faggots like you i laugh at the most as you're sentenced

stay delusional, and thanks for the job security <3

[Anonymous No.22148494]

>>22133720
They will. Prepare yourself

[Anonymous No.22148579]

>>22148487
Larp more you ugly tranny kike.

[Anonymous No.22148642]

Newfag to crypto. How does this all work in a quick rundown? Do I only report if I cash out? I bought only $110 on Coinbase, do I even have to report that?

[Anonymous No.22148648]

>>22148579

larp? what do you want, a fuckin dick pic lmao

FOLLOW THE RULES

[Anonymous No.22148661]

>>22148455
Apparently but I don't know anyone who's been audited. I've thought about just lying off my ass to the CRA because they've literally never questioned anything on any of my returns

[Anonymous No.22148708]

>>22141080
Shit really? Ive gained around 20k and didnt wanna cash out yet but im a NEET so does that make me safe?

[Anonymous No.22148763]

>>22148642
if you're a burger, you pay tax on what you cash out and also on crypto to crypto trades. for the 2020 tax form, they're gonna ask you if. you've ever done ANYTHING with crypto. so get ready

[Anonymous No.22148805]

>>22148763
Fuck this, I’m gonna just dump it all and act like nothing happened.
Fuck the gov.

[Anonymous No.22148833]

>>22147985
>>22148487
I can tell you’re sitting at your computer, sensually jerking yourself off, while drinking cheap wine out of a martini glass. Nobody cares that you help develop software can “analyze” completely transparent blockchains. Anyone who isn’t retarded knows how to cash out without it ever touching a bank account.

[Anonymous No.22148862]

>>22148661
googling I found this

https://www.scribd.com/document/401254249/CRA-cryptocurrency-audit-Questions

but you are not required to answer questions or self-incriminate.

[Anonymous No.22148981]

>>22148763
>for the 2020 tax form, they're gonna ask you if. you've ever done ANYTHING with crypto
I don't remember voting for this policy

[Anonymous No.22149119]

>>22143727
That's the other reason I don't mind paying taxes, at least I get something out of it. Burgers get fucked on tax and if they get cancer you'd have to declare bankruptcy lol, it's insane

[Anonymous No.22149154]

>>22148833

not a dev, investigator that uses those tools though

must be a lot of retards, target rich environment of your peers?

CHILL OUT DINDU

[Anonymous No.22149270]

>>22133759
t. glow nigger

[Anonymous No.22149383]

>>22147985
What's it like being a faggot-ass snitch?

[Anonymous No.22149473]

>>22148763
>for the 2020 tax form, they're gonna ask you if. you've ever done ANYTHING with crypto.
2019 already did.
I actually tried to report my GoyimBase holdings but the fucking upload-your-transactions form didn't work via TurboTax, so fuck them I reported nothing.

I've had my ETH sitting on that site long enough to claim the 15% capital gains rate. I'll give my tribute to Israel and get it back when we start killing commies in the streets.

[Anonymous No.22149505]

>>22149154
Yea LARP more faggot. So pathetic hah.

[Anonymous No.22149547]

>>22134413

[Anonymous No.22149567]

[Anonymous No.22149600]

>>22134568

[Anonymous No.22149602]

>>22134390
Citizens of Puerto Rico don’t pay crypto taxes

[Anonymous No.22149629]

>>22138674
damn. so many neets are gonna get ass raped. this is hilarious.

[Anonymous No.22149657]

>>22133650
Keep an eye on interest rates. A day will come when they rise to investable levels and you will be able to invest your gains in municipal bonds.

[Anonymous No.22149673]

>>22133650

lol you don't have that asian connection..

crypto is like the easiest way to conceal taxes. hahahahahha..

[Anonymous No.22149694]

>>22133650
I am a developer. I spent 0$ creating a shitcoin and made over 1 million. How is this taxed?

[Anonymous No.22149699]

>>22142892
If your collateral crypto crashes then you profit since you can default on the loan and the lender is holding your bags.

[Anonymous No.22149717]

>>22133650
IF YOU DONT CASH OUT IS IT STILL TAXED

>usa

[Anonymous No.22149740]

>>22148708
>Shit really? Ive gained around 20k and didnt wanna cash out yet but im a NEET so does that make me safe?

If you're NEET i.e. that 20k is your only income, yeah 0% IF you've held for at least a year.

[Anonymous No.22149743]

>>22149694
Please tell me how to do this I’ve thought about it a lot but I have no idea

[Anonymous No.22149813]

>>22149602
>Citizens of Puerto Rico don’t pay crypto taxes
more info on that?
willing to move to puerto rico

[Anonymous No.22149831]

>>22149743
lern2code faggot

[Anonymous No.22149955]

>>22149813
>more info on that?
>willing to move to puerto rico

From what I'm reading you'd have to buy your coins AFTER moving there, but it's a legit crypto haven.

[Anonymous No.22150079]

>>22148862
These faggots can suck my dick if they think they'll get the truth.

[Anonymous No.22150121]

>>22133759
nah

[Anonymous No.22150223]

>>22134524
that’s not true, there are special rules for burgers paying income tax to a foreign country. under a certain amount they don’t tax you twice. dont feel like looking up what the cutoff is.

[Anonymous No.22150273]

>>22134568
look into "tax protesters"
Tax protester - Wikipedia

[Anonymous No.22150370]

>>22134627
$5-10 billion spent on tiny houses would end homelessness in america overnight. isn’t that proof enough that the $3+ trillion we give to IRS every year isn’t going toward anything useful? look up "debt-based currency". probably 95% of our total tax money goes to people who are already billionaires.

[Anonymous No.22150515]

>>22133650
I’m getting unemployment right now and getting paid as a independent contractor . Reporting that until next month and putting it all on Crypto’s. Fuck the system I’m going to play stupid if they catch me.

[Anonymous No.22150704]

>>22150515
hurr durr im not good w numbers durrrr

[Anonymous No.22150995]

>>22147985
>buy BTC p2p for cash
>trade on DEX or exchanges that has no KYC
>cash out p2p for cash or via gift cards

As for you, what is it like being a gay nigger?

[Anonymous No.22151174]

>>22149717
>IF YOU DONT CASH OUT IS IT STILL TAXED
This is and has always been false.

A "taxable event" does not mean tax has to be paid. It means it gets tracked in your accounting as a new entry point.

Every trade is made at a loss. If you move $1000 of ETH into DOGE you end up with less than $1000 in DOGE after exchange fees. You just showed a small loss which is actually a deduction.

How do you think companies like Amazon can show a billion dollars in sales each year and owe nothing? Because you don't owe taxes, and have never owed taxes "upon the taxable event." You take those profits and re-invest them they become expenditures. Costs are not profits. Your profits no longer exist.

You pay taxes when you cash out and take an actual profit; either in actual jewbux to your jewbank or spending them as cash. (Converting those BTC into a Lambo without converting them to jewbux first is still the same as converting them to jewbux.)

[Anonymous No.22151337]

>>22138735
its just on gains man. Don't be greedy. That should be the number 1 rule for investing. Getting greedy always ends poorly

[Anonymous No.22151344]

>>22134183
wow i never thought of it like thanks anon his post makes so much more sense now

[Anonymous No.22151408]

>>22139780
Oof you are in poverty in America bro

[Anonymous No.22151476]

>>22134170
I hope not. Otherwise I’m fucked.

[Anonymous No.22151482]

How does the big rabbi know you guys are hiding this? Telecom/internet espionage?

[Anonymous No.22151609]

>>22137078
I've always wondered; would repeatedly cashing out $9000 be just as suspect or does it have to be exactly 10k or more?

[Anonymous No.22151634]

>>22151174

If you started with $10 worth of ETH you owe taxes on the $990 capital gains when you swapped it for $1000 worth of DOGE.

You owe taxes on that $990 even though you bought DOGE.

Stop reading articles from 2019. They are wrong, IRS changed its position for 2020.

[Anonymous No.22151689]

>all my crypto holdings are from pre kyc and ive never reported them
what do

[Anonymous No.22151731]

>>22151689

Sell for cash on an OTC market my dude

[Anonymous No.22151753]

>jewish bank/corp fucks up and goes into debt
Oyyy veeeeeyyyyy! You've got to bail us out or else the economy will crash! Too big to fail goy!
>Young White man fucks up and goes into debt
Pay up goy and no bankruptcy tricks either! You have to learn personal responsibility you dumb goy animal.

[Anonymous No.22151803]

>>22139704
I've been so overwhelmed by this that I haven't filed taxes in 2 years even though I'm probably owed refunds. I can't even get history that far back from Binance and lord knows what other exchanges I used.

[Anonymous No.22152099]

>>22151731
otc wants kyc

[Anonymous No.22152174]

>>22147985
You know that annoying snitch nigger in class that always tell the teacher what other students are doing? That's you.

[Anonymous No.22152197]

>>22152099
If you know where to look, there's no KYC. Dig harder. Or sell your crypto for gift cards.

[Anonymous No.22152487]

How is the irs going to prove that the non exchange address belongs to anyone?

[Anonymous No.22152541]

>>22150121
I'm a retard so bear with me: how do you guys NOT pay taxes when your employer withholds them from your paychecks without your consent?

[Anonymous No.22152784]

>>22152487
They can't.

[Anonymous No.22152875]

>bought link
>sold link
>bought link
>sold link
>swung multiple times
how much do i have to fucking pay reeeeeeee where do i go to find out reeeeeeeee

[Anonymous No.22152915]

>>22152875
You simply FIFO the cost basis against what you sold for and net the difference. For every trade. In USD. Good luck retard.

[Anonymous No.22153076]

>>22133863
they will.

anyone not paying taxes WILL get hyper fucked.

it's just not worth it. you think you're cool and edgelordy and then they knock on your door and literally put you in jail. NOT. WORTH. IT.

trust me.

use TokenTax if you are a burger.

[Anonymous No.22153102]

>>22134390
You will still owe Capital Gains.

MAYBE some of you can exit after 5 years of audits.

i have looked into this heavily and there is really no way unless you started exiting years ago.

[Anonymous No.22153124]

>>22150704
Exactly this Anon I’ll say I have severe Autism

[Anonymous No.22153133]

>>22144481
>>22144516

if you haven't spent 3-5 years exiting already, you will still owe capital gains.

trust me faggots i have spent 2 years looking into this.

just pay them. offshore account for future shit but you will likely still have to pay

[Anonymous No.22153161]

>>22153124
Sta memes are the most cringe. So glad I didn’t buy that meme coin

[Anonymous No.22153235]

>>22134568
>making money off a system built by the government
>currency backed by the government
>wah why do I have to give them anything
kill yourself

[Anonymous No.22153247]

>>22152915
>For every trade. In USD. Good luck retard.
This is the BS thing. I don't even really give a shit losing 40% of the money I did barely any work to earn, I just wish the IRS would just tell me the amount I fucking owe and let me pay it. They want a big bag of my stupid crypto money, why can't they do the work and pull all my transaction records and figure it out?

[Anonymous No.22153289]

>>22133650
Why are you cashing out now?? Makes no sense

[Anonymous No.22153353]

>>22151634
This is correct, don't fuck with the IRS. They will fuck you for $1000 and make you pay back interest for missing it in 3 years that will be like $20k.

[Anonymous No.22153387]

>>22152541
U just dont pay them wageboi

[Anonymous No.22153430]

>>22153247
tokentax fixes this.

[Anonymous No.22153463]

>>22133949
>5 years from now
>500k

Holy fuck we know you're an irs or ato agent but lurk more you stupid fucking faggot half the board has that in link alone

I'm not selling a single stinker and I'm never paying you a single cent in tax I'll pay 30k for a team of pro accountants to use every loophole known to man. I'd rather live my life in some third world shit hole comfortable in the fact some kike fuck and their little wagie agent enablers never get the satisfaction of having got a single cent

Fuck you

[Anonymous No.22153469]

>>22153353
>>22152541
I can claim tax exempt at my job, i can do it online

[Anonymous No.22153648]

>>22153463
I don't understand why anyone would sell now, the dollar is crashing and that's bullish for crypto. 5 years from now will be insane. I would only cash out right now if I had 3mil+

>>22133949
You're in literally every tax related thread on here, they only pay you from 9-5 get a life

[Anonymous No.22153765]

>>22148981
Your (((representatives))) voted for it so pay up goy

[Anonymous No.22153842]

Joggers can burn down cities but you get jailed for not paying taxes

[Anonymous No.22153875]

>>22150515
stop trying to force this hideous man

[Anonymous No.22154004]

>>22153161
Kys?

[Anonymous No.22154371]

>>22152875
Swingies get the rope.

[Anonymous No.22154430]

Wait so I need to pay tax on stuff like ETH to PNK even though I used Uniswap ?

Just used some crypto tax website, because I swung around $750 worth of Link last year, I only have to pay $3 apparently. I lost more than I paid for too