/biz/ - Business & Finance

[Anonymous No.23768680]

If Biden becomes President and cap gains are insanely high. What should we do to evade crypto tax if we ever make it

[Anonymous No.23768711]

monero
tornado cash
figure it out from here.

[Anonymous No.23768714]

Here's the cryptocurrency push: Bitcoin is completely in the blockchain.. Natasha Otomotsky went randomly. Electronic Cash As Bitcoin Was The First Step, hair makers are starting to make more powerful hair follicles, making hair pears, making lactose stacks cheaper and more efficient. The hair needs to be shaped to do these things. Once fully mature, people will be able to slowly shave their hair.
Natasha gave up working on it after filling her corner in the bedroom in 2019 and began working with Jozio Soccer on the e-shoot script hash bitcoin script to offer maps for playing OP_RETURN. She adds extra teeth, touches hair, ma.king ha.nd appearances and calculations more efficient. New owners need more doctors and those who need them.
A computer volume was created to capture and prevent Bitcoin's work (they have their own competition). They felt the need to stop or cheapen Natasha's hair stumps. They started removing critical SigWhite and P2SH code and started fragging the block. The noise algorithm was the last nail in the coffin, which destroyed the ECDSA on the Bitcoin beacon (Bitcoin uses ECDSA to secure transactions). This is why Haircomb has been invented, and it is for this reason that Natasha intends to make the most of the hair bracelet, release the original code and lock the HairCom protocol.
Back to Com Supply Natasha has created a new breakthrough (designed for her hair) that will make all the hair

[Anonymous No.23768743]

>>23768680
well thankfully as long as you hold LINK you don't need to sell. So that's what I'll be doing, not selling.

[Anonymous No.23768779]

Don’t be American. So easy.

Just buy an europoor citizenship and leave the country.

Who the fuck wants to leave in America? is just a shithole disguised as a first world country.

[Anonymous No.23768801]

>>23768779
this but unironically
>>23768711
>tornado cash
how anon is this really? also what are the fees i dont get it
and wont they ask "dude why did you send money to tornado..."

[Anonymous No.23768817]

>>23768680
Senate won’t allow taxes to get kiked. We’re good for 4 more years

[Anonymous No.23768824]

>pay the jews 20k to set you up a caymen islands trust
>sign up for exchange accounts using trust

[Anonymous No.23769017]

>>23768680
only way to (legally) reduce capital gains tax as a burger is:
1. move to puerto rico. problem with this is you need to spend at least 6 months +1 day there out of the year, and you're only exempt from cap gains on trades made AFTER you establish residency, which takes either 6 months or a year, can't remember. this is the only legal way for a US citizen to pay 0% cap gains tax
2. form a legal entity to get tax trader status. this will allow you to write off all losses and expenses before you calculate gains. honestly it's not even worth trading as a burger unless you do this. with an LLC or general partnership you can elect to be taxed as an S-corp, which will allow you to write off retirement account contributions as well as health insurance premiums. with an S corp you're required to pay yourself a salary, so it isn't feasible unless you have a good amount of starting capital. one great thing about this is if you like to travel, you can claim the foreign-earned income tax credit if you spend more than half the year overseas, meaning the first $108,000 of your salary is tax-free, even though it's coming from your own company. this is the ultimate chad setup, but again it takes a good amount of starting capital, which you will only have if you've already paid taxes on it. UNLESS you have positions that you haven't traded in a while, you can transfer those assets into the company without triggering a taxable event - your cost basis simply carries over.

[Anonymous No.23769054]

>>23768680
Never sell. Newfag

[Anonymous No.23769069]

>>23768817
this

[Anonymous No.23769185]

1) form LLC
2) deposit all crypto and cash to accounts held under the LLC's name
3) pay yourself a set salary

Now you can reinvest your gains (PM's, real estate, whatever the fuck you want) and only get taxed when you take profit (your salary), and you just pay regular income tax. You still do technically have to pay the taxes in the end, but you aren't quite as fucked with taxable events and such. You also get access to a lot more deductions than if you didn't have a business. For instance, you could deduct a certain amount for the square footage of your home office that you use to conduct business activities

[Anonymous No.23769501]

>>23768817
I'm not even a burger and still know you vote part of the senate every 2 years.

[Anonymous No.23769534]

>>23768680
Move to crypto safe haven. Huge money from crypto millionaires and billionaires will be pouring into these areas and these areas will become the NWO first world countries while everywhere else turns into the third world

[Anonymous No.23769552]

>>23768680
>form synagogue
>become rabbi
>Donate all your crypto to synagogue
>100% charitable donation = no tax

[Anonymous No.23769566]

>>23769185
Now this is based

[Anonymous No.23769942]

>>23769534
Which countries are these?

[Anonymous No.23769993]

>>23769942
Singapore.
Not sure about the others. I would've added Portugal but I think they changed / are in the process of changing the laws regarding crypto and capital gains.

[Anonymous No.23769998]

>>23769501
if biden wins, the gop will make gains in senate and house. if trump wins, dems will make gains.

[Anonymous No.23770011]

>>23769185
Where does one find a jew to navigate the beaurocracy for them? If I did this myself I'd fuck something up along the way

[Anonymous No.23770061]

>>23769185
Thanks. We're going to be investigating you now.

[Anonymous No.23770077]

>>23768817
true

[Anonymous No.23770169]

>>23769998
Is this a historical reliable pattern?

[Anonymous No.23770185]

The US will become a full blown banana republic if the Democrats get all three branches. Most of you probably don't know this, but Obama ramped up the IRS audits to an extreme level. The Obama admin absolutely raped small businesses with audits.

Wait until Biden guts the 401k and IRA system and the entire middle class starts putting their money into other investments. A lot of people are going to find crypto while looking for alternatives, and that's when they will really crack down on crypto

[Anonymous No.23770191]

>>23770169
Yes

[Anonymous No.23770204]

>>23770169
Considering that Georgia is now blue and Florida is now perma red, no

[Anonymous No.23770294]

>>23769501
Rs will likely win additional seats from Ds in 2022.

[Anonymous No.23770369]

>>23770191
>>23770294
>>23769998
Thanks for the insight.

[Anonymous No.23770546]

>>23768817
This. Only reason why market isn't crashing.

[Anonymous No.23770570]

>>23768680
as others said, never sell, but dont worry he wont be president long enough :)

[Anonymous No.23770774]

>>23768680
Monero, Dai

[Anonymous No.23770783]

>>23768743
based, checked, fpbp /thread

[Anonymous No.23770809]

If you really make it, buy citizenship in another nation, and never come back to this shithole.

[Anonymous No.23770828]

Didn't obama promise high taxes for the rich? I don't believe anything a candidate promises to do until they do it.

[Anonymous No.23770844]

>>23769185
came here to post this. remember, EVERYTHING is a write off when you own your own business.

[Anonymous No.23770853]

>>23770828
Trump said he’d build a wall and repeal Obamacare and dissolve NATO. So yeah, sleep Joe ain’t got the juice.

[Anonymous No.23770880]

>>23768680
Let's just say, hypothetically, you were involved in a boating accident anon.

[Anonymous No.23770900]

>>23769993
portugal sucks. people are all strung out there.

[Anonymous No.23770930]

>>23769998
>>23770169
>>23770294
This is probably not applicable to 2022. It's both an unfavorable map and an unfavorable # of seats for Republicans.
https://en.wikipedia.org/wiki/2022_United_States_Senate_elections

Also, the 2002 Senate elections gave Republicans an additional seat under a Republican president.
https://en.wikipedia.org/wiki/2002_United_States_Senate_elections

That said, no Democrats are winning any more Senate races if they continue talking about raising taxes

[Anonymous No.23770939]

>>23770011
Any accountant. This kind of shit gets them off so you'll probably at bare minimum get a good effort.

[Anonymous No.23771334]

>>23769185
At least in Australia when the crypto changes ownership that counts as a capital gains tax event so that wouldn't work here. I'd assume there would be similar rules in the U.S otherwise that stratgey sounds too good

[Anonymous No.23771374]

There is only one way but you have to leave all and follow our lord and savior

And buy $value

[Anonymous No.23771399]

>>23768680
hold until trump 2024

[Anonymous No.23771408]

>>23770853
He built over 400 miles of the greatest wall this country has ever seen.

[Anonymous No.23771409]

>>23768680
Buy XRP. XRP will be the basis of many "digital" versions of currencies