How does one cash out without being robbed by the IRS?
How does one cash out without being robbed by the IRS?
Jack Reyes
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Joshua Smith
Pull a McVeigh
Oliver Sanders
You don’t. Pay your taxes.
Easton Walker
But like are there any tricks to get away with paying a really low amount
Blake Hernandez
Start a business and declare losses which outnumber your profits. That's what Jeff Bezos and trump do
Daniel Kelly
Honestly just pay your taxes. The stress wouldn't be worth it.
Juan Ross
Only cashout enough to stay under the higher brackets and also hold for 1 year minumum while being in a no state capital gains state
William Robinson
buying and holding for over a year results in long term gains which are taxed significantly lower than short term gains
Isaiah Sullivan
fuck off glownigger
Cameron Lopez
Move to Puerto Rico or do a 1031 exchange
Gavin Morgan
if it's a considerable amount of money (top6/7 digits) you move to a different country that has favourable tax laws.
If I had 5 digits I wouldn't even bother telling them but that's me.
Jason Morales
Start a business in singapore, make an international business bank account, then pay yourself as a consultant. Singapore doesn't tax crypto.
Owen Stewart
This forces you to trade with other pairs than BTC. Since if you are bringing in new BTC and selling old BTC it potentially fucks up your long/short coins.
Jackson Reed
What if I just never sell ever?
Nolan Brown
Doesn't america still tax you regardless?
Leo Hill
Money is made to be spent, there is not point storing it forever, especially since the world is coming to an end soon.
Thomas Collins
open company in hong kong, make company a fund reserve, open company in non-british affiliated country - deposit crypto capital in company - lend assets to hong kong reserve
Asher Sanchez
Cuck
Cameron Butler
If you want to live bigger rich you can cash out via Bitcoin ATM’s to paper fiat. If you bought on normie base there is no hope.
Jacob Rivera
>World is coming to an end
People say this since forever, alone the jehovas witnesses predicted the end of the world now over 100 times since 1890 or something.
If there isnt an 100km wide asteroid hitting earth we are fine, even a full blown financial crash wouldnt end the whole world, just go to south america if shtf in the west and you are fine..
Ethan Morales
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Airdrops in their Discord, HODL