Daily reminder to pay your taxes, faggots. Uncle Sam does not like to use lube.
He also does not care if you are straight, a guy or a smurf - his potent sperm will impregnate and fuck you over for decades, as he does not care that it is a "danger day" for your smooth, little, hairless hole. He will pump and pump, until you are heavy with his tax burdened child, which will scream all day and suck all the linkies out of your sore titties.
lol so what do you think is going to happen once too many people realize it's "okay" to do away with people and institutions that fuck over 7.5 billion people?
Nicholas Long
probably something like if I were to guess
that's.....just the result, you know?
simple cause an effect
what's not to get?
Colton Parker
>go to jail for not paying taxes on cyrpto >released from jail as a billionaire thanks to being a stinky linky What's the problem?
Blake Sanders
If you are willing to risk fines, hassle, and potential jail time because you are so certain a completely overthrown of the government is imminent... go for it. If nothing else, it will be entertaining.
William Foster
AHAHAHAHAH HE SOLD FOR CASH >>DELUDED
Mason Morgan
See, this is reason when I have 100k, I will put all that into link and get that x2 so I can pay 100k in tax and keep 100k.
lol, im smart
also, you are an idiot if you think you're gonna keep more than 50%.
Now, the workaround. When you get that 100k back to your account, instead of useing it to buy shit, put it into a decent fund with 10-20% return yearly. Dont pay taxes. After 3-5 years when they get to you or 10, just say you forgot and pay the damn fine and all other fines and go 30 days to jail with free food and time away from nagging wife, even if that. (norway)
Chase Ortiz
The bumstab you get picking up the soap.
Nathaniel Rodriguez
Just don't put the money in the bank, EZ. I will pay for my mansion and lambo with ETH
Juan Mitchell
>implying anyone on here actually has more than 1k in shitcoins
Lincoln Ward
Circumvent the bank. We are already half way there.
Jonathan Foster
Actually going to prison for tax evasion doesn't sound so bad if your shitcoins moon in the meantime. Provided you have everything memorized, you could cash out several years later and be a millionaire
Gabriel Reyes
>biztards going to prison for 200$ worth of shitcoins kek, my sides
Kevin Ross
I owed about 3k in cap gains but since I'm a poorfag I still got a refund.
feelssafeman
Jacob Russell
>buy monero with all your gains >send to anonymous wallet >in case somebody asks claim you have made some further trades and that you have made huge losses at the end of the year (just say you have lost everything on leveraged shorts or some shit like that) >gains minus losses equals a sum that is too small to be taxed and thus does not require reporting (at least this is how shit works here in germany) >they have to proof that you still own all that money >with respect to computers practically all german lawyers and goverment agents are retards >even if they were smart they would fail to disprove your story >meanwhile you create one or more new anonymous binance accouts that you only visit using tor and send them all your monero or just hold on to it on your wallet >wait for at least 3 years before cashing out in another country (belarus or something) >you should be able to afford the trip by then >if you are not rich by then you are basically retarded
Michael King
Do any Canadians know which category BTC gains fall under? I've been hearing people say section 3 ( shares, mutual fund units, etc.) but is this confirmed? It shouldn't be under Listed Personal Property or something else?
Logan Lee
Whoever wrote this is braindead beyond belief. Who the fuck would just send 100k straight into their bank account from crypto and not report it? That's not how you evade taxes. You make a fake binance or whatever exchange account with either a fake ID or photoshop a fake ID + the face of the person in the photo when signing up - you trade only behind a VPN and convert most of your gains to cash using that account, clean with monero and into the property ladder (buy houses and get them done up, all builders prefer cash). Pay yourself extra's with that account, they won't be questioned. Have a real binance/exchange account to your real name and pay taxes in small amounts on that one aiming for an average wage to keep them off your ass. There is so much shit you can do this guy is just a retard, if you put 100k into your bank account and don't bother reporting it then yes you're going to get fucked but then you deserve it. I want to punch the guy who made that thread, he is annoying as fuck.
Isaiah Harris
this, only stupid niggers work at irs. if you get busted by them you deserve it
Jonathan Fisher
>GERMan is a cuck and pays for Muhammad and Tyrone No surprises there.
>putting several thousands in your bank from Coinbase The absolute state of taxcucks. Nobody intends to do that, you use something like localbitcoins if we're talking small sums, or you just bite the bullet, hold off until you got a million or two USD, and then you move to Hong Kong, wait the needed time (6 months, usually) and cash out there.
>b-but muh global taxation Only a problem for Burgers.
Also why not use services that sell things for crypto as well? Use crypto gains instead of fiat. You could even resell them as well.
Jordan Miller
Yes, but basically it's easy as fuck because of how good crypto is getting and you have to fuck up so badly to end up paying a significant amount of tax. Any more than 20% is an abomination, and that's 20% on one exchange account. Everybody does this including celebrities, athletes, all sorts of rich people but the only ones that get caught are the dumb ones or the ones who think theyre invincible and don't do it carefully. Tax is theft because it all goes to advocating liberals and degenerates.
Pay a consistent max of 20-23% as a day trader on one account just so a bunch of retarded kikes aren't chasing you around every day. Other than that, there will be suspicious but they absolutely cannot do shit unless you are as dumb as someone who sends 100k straight into their bank, the post in OP guy must believe there are actually people who do that but I think he might be autistic.
John Jones
>Tax is theft because it all goes to advocating liberals and degenerates. Yea I agree.
I'm a poorfag and only have invested about $70. I have cashed out about $300 that someone gave me into my bank.
It's under $15'000 so I don't need to pay taxes. afaik
Hudson Lewis
if we ever hit something like jannuary again, we need to cashout 500k without alerting the tax man.
Stay in crypto Tether up? How to buy a car / house / flat / land without cashing out huge amounts?
Tax guys will still fuck you up if you posses stuff worth 200k with an income of fastfood wagecuck.
Justin Torres
Only normalfags pay their taxes. You are missing the entire point of crypto if you do it.
Nolan Wright
If you used cuckbase or some other weak knee'd bitch platform that reports to the IRS, liquidate and pay your tax. Go back into the market via local bitcoin or some non-cucked platform. Use unverified accounts to trade. Withdraw your money into an offshore shell corporation. You now are a borderless man with access to millions in an untouchable corporate account that no one can tie you to ad the proprietor.
Pay taxes with crypto is retarded. If you don't understand that crypto is a metaphor for guillotining the government then you have no idea what you are dealing with. This is bigger than all of us.
Julian Morris
Finally someone with some sense.
I believe there are more people that think that crypto is a way to get rich fast (pro tip, they won't) instead of a new form of currency.
Justin Garcia
You don't need to worry about taxes for a long time, even if you're getting $30,000, especially in crypto. At that point, just use fake ID to get decent amounts of cash and use that when you can.
Alexander Scott
When you get audited and you some decent stuff but near zero bank account transactions for buying that stuff - because you paid everything in cash only (from crypto) - you will have go answer some questions.
Hide the money and have decent life under the radar or pay up 50% tax to import more great cultural enrichement and have the rest.
Tyler Roberts
>Hide the money and have decent life under the radar or pay up 50% tax to import more great cultural enrichement and have the rest. I'm hoping to have a homestead and get self sufficient in the future.
If I do "cash out" I'll either buy property with that cash or convert it into gold. Don't know how I'll explain that if I go that way though.
I assume they will raise some questions if I am sold property. Maybe I could be "gifted" or "inherit" it from the owner?
Easton Myers
>I will pay for my mansion and lambo with ETH >IRS sees you bought a mansion and lambo >"So user can you explain where a NEET like you came up with the money for this mansion and lambo?"
Justin Butler
Taxes aren't even 50% you retard. Especially if you hold for over a year.
youd have to prove it. show tha tax man all your trades that went your acc to zero
Luke Cox
No, but you still need to report it through your trade history (prove you lost money).
Brayden Moore
>Sorry user we don't have any records of you making a sale over $10,000 for gold. You do know those have to get reported right, user? Let me guess.... you split up your gold bar and sold it for multiple transactions unders $10,000 right?
Julian Wright
Nope but its smart to report your losses because it can offset your income taxes if you weren't getting a refund and owed the IRS. Otherwise you can carry your losses forward to the next year and offset and future capital gains with your losses.
Isaiah Cox
Yea uhh I sold the whole thing for $10'000 in cash The assets you see here totaling over that amount was a gift for my birthday.
Christopher Hill
id like to your idea to be brilliant but its not. evade taxes is not as easy as biznessmen think
David Wilson
Hey look! my startup just received funding from an overseas company! Let's hope it doesn't make any losses!
Juan Martinez
The UK is cucked as fuck and a shithole in most respects but the current tax laws ref crypto are very reasonable.
I'll still move abroad to somewhere like Malta or Isle of Mann for a bit to avoid paying CGT if I ever do make significant amounts though.
Elijah Morgan
yes, a monero donation/funding scheme think it would work
but just to use the cash to the day-to-day. if you buy a lambo then you get the irs knocking on your door anyways
Nolan Green
If the only thing crypto ever gains me is knowing that no matter what happens, I lose my job or or divorced or homeless. I will always have a least a small amount of money coming in for the rest of my life. Then so be it. This can come in the form of buying things directly with crypto or giving myself a tiny bump of money every once in a blue moon.
Ill be happy.
Camden Sanchez
Nobody will question anything, except when you decide to buy a house, car etc, when you clearly have no income to pay for that shit.
You are all so paranoid...my estimate is that 90% on this board never paid any taxes.
Brody Torres
If I have money to buy a lambo I'd be starting a small business up with that anyway. All legal there.
Jaxson Rodriguez
white man detected
Levi Gomez
I just paid my taxes this week. It sucked, but I'm glad I did it. Not trying to fuck with the IRS
Jose Foster
oy veyy is there a problem?
Ryder Myers
Taxes payed. Here’s hoping this doesn’t flag me for even more headache down the road.
Feels like a lose/lose choice here. Either I worry about the taxman chasing me down in a few years, or I worry crypto gains flags me in the system and I get the DEA or someone crawling up my ass looking for drugs and not listening when I tell them I bought crypto on Coinbase and sold a 10th if it when the price jumped 10 times.
I wouldn't either. So fucking scared from jail. I am a good guy and i will pay my taxes in time including a tip for the good service.
>PS: fuck this honey pot
Nathaniel Gray
USfags, IRS has contracted with specialty tech firms to make sure they get every crypto cent. think of the roman tax farmers. crypto gainz are gonna get farmed 7 years retro. interest and penalties accrue from date of noncompliance; accounts and assets are frozen.
the first indication that you are screwed will be when you go to pay for your booze with your debit card and it's declined. the action letter will arrive shortly thereafter. it will change your life.
please if you owe taxes pay them. its not worth the drama.
Trade crypto for gold (asset to asset trade, same as trading BTC to ETH). No liquidation to fiat, so no taxable event. Sell gold 0.10 under spot. Do your taxes and claim capital loss.
Alexander Bailey
Good luck breaking monero and peer to peer trades on localbitcoin
Caleb Bell
over 100k it is 50% Cash cashing out 500k with all the tax brackets sums up to 45-48% over all.
IF! you hold for a year. Cashing out in jan would have given me 700k which was under 1 year hodl.
Here you have the situation. How to cash out such an amount without paying tax.
Cameron Wilson
And what are you doing with 10kg of gold?
Christian Jones
I traded assets for it. Sold it at a loss. Horrible investment decision on my part.
Anthony Gutierrez
Wait a second, what the fuck do I have to do in my situation
>bought in decembre and january >currently down 50 % from my initial investment >plan on cashing out next year or 2 years
Do I still have to pay taxes now? I never had to do taxes before so I dunno what I'm supposed to do.
Dylan Parker
Did you do any trades before January?
Tyler Powell
You still have to pay taxes on your current portfolio value. Better hurry up otherwise the fines will kill you.
Fudge, I'm boned, but it's thankfully not a lot of money I put into this.
Carter Gutierrez
>accounts and assets are frozen.
In seven years I wont be using fiat directly anymore. Not even larping, all I need is a couple features and some decent dapp support.
Its not even because I want to avoid taxes either. I just want to be able to exclude as many middlemen as possible for content creation.
Nathaniel Rivera
I meant besides initially buying them. If you didn't trade them for other cryptos while the price was higher than ur good. Keep in mind they tax crypto to crypto trades.
when you get caught you not only go to jail but you have to pay what you owe plus interest. bye bye linkies
Jackson Foster
When the IRS panics because they cant control crypto they might try to make it illegal and that means people who honestly reported taxes on crypto will be forced to give up their keys.
There is literally no correct choice right now. This can go either way.
Ian Bell
The one thing that bothers me about this entire thing is the idea that the IRS will try to get more than you ever made from you. I cant get around this no matter how I try to rationalize it.
Maybe its time to stop paying.
Ethan Bailey
A lot of people are forced to pay more in taxes than they even have as a whole now after the crash.
Pay your taxes for internet money which you don't even have anymore after the crash or go to jail.
Jayden Moore
>because they cant control crypto They dont need to control crypto. They just need to control the fiat exits/entries. Good luck cashing out your dollars on localbitcoin.
Jokes on you I'm at a loss. I'm deducting this shit
Jeremiah Diaz
Yeah I think this is genuinely a last straw situation. I am fine with people paying a percentage of their gains. But being forced to pay more than they have?
There is simply no justification period. I cannot get my head around this. It doesn't matter what the circumstances are.
That's blatantly fucking wrong. Its disgusting and highly fucking immoral.
Brayden Flores
>Jokes on you I'm at a loss. I'm deducting this shit Thats fine, thats what it is there for.
>They just need to control the fiat exits/entries. fair enough, but they can't control that forever either.
Brody Rivera
They dont need to. Take random samples and set examples for the biggest evaders and the whole market crashes back into 2012-levels again anyways.
Crypto is by far not mature enough to get widely accepted.
Joshua Nelson
It's because barter is taxable. Let's say a colony of amish people decided they want to disavow the use of dollars and only do trade in precious metals or trade chickens or corn or whatever. The government literally wouldn't let them. They would get taxed on the market value of those things when they trade or pay each other and be forced to acquire government fiat to pay the the taxes.
>Crypto is by far not mature enough to get widely accepted.
All it takes is one dapp that gets a million + users and you are done. current day crypto depends that people give a shit about using it as money. A Pokemon Go where the pets are worth actual money is like a crypto trojan horse for the population.
Adoption will occur when nobody even knows they are adopting it.
>It's because barter is taxable.
Yeah sure. But barter can only exist with physical goods.
You cannot barter configurations of ones and zeros. You can pretend to barter them. Its a conceptual level where the rules are not solid in any way shape or form. The coin itself does not exist. Its a concept.
The only way to tax digital goods effectively will be to make it so you pay a tax on every transaction directly. Otherwise its super complicated and people can just keep changing the rules and adding no functionality until the end of time. Which is already a problem. I have multiple ideas on future systems that will just make this a nightmare and I cannot tell you the difference between evading or avoiding taxes because the nature of the changes are not just utilizing the conceptual rules provide by the medium in the first place.
Daniel Ramirez
Yea that's not how tax laws work. You can't just move away from the UK without getting taxed on your assets first.
Connor Edwards
So I have a dumbass question:
When I do my taxes, what value for my crypto do I show'em? I mean, the value of my portfolio has been at 3000 in January, at 4000 in February and is at 6000 right now.
What do I tell them? Next month it might even be higher.