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/biz/ - Business & Finance

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30088416 No.30088416 [Reply] [Original]

Why should I need to disclose whether or not I bought crypto? Isn't it my money, can't I buy what I want with it? If I buy a game, a car, a computer, etc. I don't need to tell anyone, why is this different?

>> No.30088742

>>30088416
Because you are on some form of welfare.

>> No.30089428

>>30088742
What? No welfare here, unless you mean that there exists some kind of welfare program in the country (although I don't benefit from it)

>> No.30090372

So biz, you'll be a good boy and say yes right?

>> No.30091253

Tell your master everything biz, yes be a good little cuck

>> No.30091376
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30091376

>>30088416
Should have bought monero better luck next time

>> No.30091480

>>30088416
Because games, cars and computers don't threaten their authority.

>> No.30091512

>>30091376
>card to eth
>eth to monero
What can't they see

>> No.30091692

>>30088416
They don’t care what you buy, only what you sell.

Including your cars, computers and games.

>> No.30091737

>>30091692
So why is it required to click yes if you bought crypto even if you didn't sell?

>> No.30091751

>>30088416
>If I buy a game, a car, a computer, etc. I don't need to tell anyone, why is this different?
The difference is there are very few people who are buying games, cars and computers and then reselling them for a profit and those who are doing it are generally running a business and paying taxes on it. The average citizen reselling any of these objects is taking a loss on it or not profiting enough for the IRS to bother. There is however a rather large amount of people profiting rather large sums of money buying cryptocurrency and then not reporting it to the IRS and paying taxes. Thats the difference.

>> No.30091910

>>30091751
Sure, but that should only come into play if you actually sold.

>> No.30092012

>>30091737
To establish a precedent so if in the future you attempt to claim cryptocurrency on your tax return that you were willfully not complying with tax laws so they can fuck you hard and without lube.

>> No.30092100

>>30092012
Yes... obviously you can't lie if you ever hope to cash out