How to avoid income tax?

>Turn ETH into fiat
>Deposit $1000 in your bank account
>Bank reports your deposits to the IRS
>Become cellmates with Tyrone

Well for cash I know plenty of normies I can sell at coinbase prices too

Puerto Rico Act 22

We need more info. Stock options are pretty good if you're /long term/.

This.

Claim you have been hacked.

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git gud and make 30% more in a week, boom no income tax

Launder into monero then into fiat. That way you dont meet tyrone in the lockup.

>thinking your bank will report 1000 deposits
or
>nice try IRS

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is there a way to turn monero into fiat?

It's the fiat link that's still weak. If you're earning enough, somebody will eventually notice that your inflow doesn't match what you've been reporting.

become non dom, unless you are a mutt, your freedom will not let avoid income tax

If you must convert to fiat, use localbitcoins and be careful.

Also realize that the technique mentioned in ethereum.stackexchange.com/questions/2699/is-there-any-ether-mixer-tumbler-available/2711#2711 can work for any coin supported by shapeshift.

ShapeShift -> Monero -> Monero -> ShapeShift

> Is there any way to turn monero into fiat?

localmonero.co/

Just hold the cash. The bank doesn't have to see.

If you want to avoid paying tax, you have to be rich. Tax is only for the poor and middle-class.

Is there a way to put the cash into my bank without being flagged?

This, why do people think you need to put it in a bank? Just buy gift cards with the cash if you want to buy shit off Amazon or whatever.

Let say I want to withdraw 500k to buy a house, wouldn’t the bank see this?

Come to viet nam bro tax here literally like a small piece of pies. When com to crypto there isnt any tax at all y are free to buy and sell for vnd but do not use for another purpose

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How retarded are the people replying to this? You literally just told the government all of the ways you cash out. Holy crap.

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Just be a good goy and pay your tribute to israel.

Vietnam is where its at, where they are gabbing in this incoherent language it means that nobody wants you to understand that this is a tax-free paradise. Cryptos growing in Vietnam about to scale the charts bro, seeing it from street level. All this coffee in people's veins is producing a lot of winners, you best put Vietnam on the map because its coming.

>finally have tool to avoid (((taxes))) by holding it which only goes up long term
>"how do I exchange it for (((fiat)))?"
brainlet.jpg

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Yes obviously, if you want a house you can't avoid taxes.

You'll kill yourself in 10 years when people are buying a house in Switzerland with 1 bitcent tho

Deposit it in small amounts spread over time.

They already know. However, enforcement will be very difficult now that we have crypto giving us a lot more plausible deniability.

Buy bitcoin cash, never cash out to fiat, profit

to all the people saying never withdraw to fiat, HOW DO YOU EXPECT TO PROFIT? Even the day you can buy a house/lambo with crypto. Theyll know you had it all along and didnt report. Off shore grand cayman account

Lmao faggots. I haven't paid income tax for 28 years.

i know a guy that did that. come to his place one day and took everything.

What if you live in your car?

There's a lot you can buy with crypto already. As time goes on, you should be able to buy even more things.