So you paid capital gains and think you're in the clear?
But did you remember to pay your sales tax?
So you paid capital gains and think you're in the clear?
Ian Ramirez
John Young
sales tax for what?
Hudson Williams
>ruined my life
Ayden Sanders
there is no federal sales tax mong
Ethan White
Stupid faggot
Luke Rivera
>tfw just paid $7k in extra tax for gainz
>forgot to pay sales tax
Julian Lee
there's also no sales tax on securities.
Owen Ramirez
Crypto isn't a security to the IRS, its property, and subject to state sales tax.
Cameron Hughes
IRS regulations have nothing to do with state taxes.
Jaxson Hall
unironically this actually
Jose Ortiz
IRS works closely with state equivalents. Enjoy the life destroyer 5000 audit because you wanted to save a couple % sales tax.
Colton Baker
You.
Brandon Hall
There's no state tax on capital gains where i live.
Samuel Reyes
you seem clueless on this subject. what is your motive for post garbage like this?
Jose Butler
Why the fuck is the x axis labelled twice?
Liam Phillips
Not income tax. Sales tax. If you buy property in most states you have to pay sales tax.
Daniel Ramirez
State sales tax does not apply to crypto.
Ethan Hall
Its just a segment of this larger graph.
Gavin Nguyen
Who else /comfy/ here paying 0% on capital gains and laughing at amerimutts ?
Grayson Thompson
Short term capital gains are taxed as income.... do you fukcing pay sales tax on your income... dumb shit
Gavin Gomez
Jordan Bell
kill me
Logan Roberts
How do you pay 0%, i hear you can only do that in puerto rico, do you have to pay sales tax on trades in puerto rico?
Jaxson Butler
You have to pay. File an amendment and add form 1031 to report like kind trades then insert the data from 5a and 7a into a 1049. Add your cost of item plus earnings then add to your gains total.
Josiah Cook
Some countries don't have CGT up to a certain threshold or at all. Ausfags pay nothing on the first 18k income
Hudson Young
That'll be 50 BTC + tax.
Andrew Ortiz
Crypto is not included in like kind exchange. 1031 not applicable. 1049 is self employment form. There’s no state sales tax. Fukc off
Gavin Hughes
>paying taxes before inevitable crypto tax reform
HAHAHAHAHAAHAHAHAHAHAH
Xavier Sullivan
We have this thread everyday.
Fuck off tax nigger.
Ayden Green
So an aussie can invest in the U.S. stock market and if they make less than 18k in capital gains they pay no tax on it or less than 18k total income? Also, do they have to pay any tax to the U.S., because sometimes foreign investors have to pay a U.S. tax of 30% (i think)
Hunter Johnson
IRS, the FBI will arrest you for stealing American's wealth and giving it to the private bank "Federal Reserve".