/biz/ - Business & Finance

>>14417358
http://www.ejinsight.com/20171130-coinbase-ordered-to-reveal-identities-of-high-value-clients/

for reference

>>14417366
>>14417358
burgers BTFO

>>14417358
That's what you get for selling

just pay your taxes, ffs

>>14417426
HAHAHAHHAHAHAHAHA
hold on
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA OHHHHHHHH HAHAHAHAHAHAHA

>>14417426

Oven

>>14417358
>A San Francisco federal judge on Wednesday ruled that Coinbase must supply the IRS with identifying information on users who had more than US$20,000 in annual transactions on its platform between 2013 and 2015.

that's only like 2 BTC of volume

>>14417438

>>14417426
>pink id
>>14417418
no one sold you fucking retard I don't have a good enough brainlet image to describe you because no one said anything about selling holy shit you got me I hope this is bait

>>14417463
Based

This is actually good for most of us

We can cash out with confidence knowing the IRS isn't paying the least bit of attention. Thanks for the sacrifice play, OP.

>>14417439
Soup kitchen

>>14417463
THEN WHY DID YOU XFER IT TO KEKBASE NIGGER?!

>>14417716
Because I kept my linkies on binance this entire time.

By the way lads, I may be a burger, and coinbase is going to report me to the IRS. However, I'm going to pay 0% long term capital gains

HAHAHAHA IMAGINE PAYING 0% TAX AND NOT HAVING TO WORRY ABOUT GETTING FUCKED BY THE IRS IN A SURPRISE AUDIT 9 YEARS LATER

>>14417755
>holding long enough for long term capital gains tax to kick in
>on an exchange
/biz/ truly is incredible.

>>14417755
checked
>>14417523
get fucked
>>14417438
get fucked
>>14417400
get fucked (checked)
>>14417426
will do bro, will do.

>>14417755
>keeps his coins on exchanges
>calls literally anyone else a brainlet
Seriously just kys

>>14417791
stay mad I'll have the peace of mind knowing the IRS won't fuck me

I slept just as comfy knowing CZ would keep my stinkers safe.

>>14417755
BTW that's not how longterm capital gains work in the US you fucking fucktard. This isn't Germany you still have to pay 15%

>>14417812
>make 50k
>max out HSA
>46500
>putting 10k in 401k
>36500

teehee looks like I'm in the 0% bracket now :^)

>>14417840
Have fun cashing out under $3k a year and living like a poorfag for the rest of your pathetic life

>>14417903
explain to a brainlet the note on the bottom of pic related then
>>14417840

>>14417922
There's no way you can be right about that. That would mean if I go full NEET for a year before cashing out I pay zero taxes on it?

>>14417358
>High value client

Is this bad?

>>14417967
Nah you're correct I missed the progressive part

back to the pink wojaks for me my friend.

looks like you'd pay just under 60k for the 15% if you made 434550

59,276.10 to be exact

>>14417989
Yes it's bad. It means Coinbase automatically reports all of his information to the IRS.

>>14417903
You can cash out up to $39k a year and never pay any tax. That’s enough money to live comfortably as a neet.

>>14417358
How many?

>>14417461
Holy fucking kek that gif name ahahahha

>>14418032
Unironically a solid plan

>>14417366
im gonna look into this, but that article is written by chinese folk, albeit in 2017. binance is chinese, and all the americans just scooted from binance to coinbase.
i dont think im a high value client though.

Use localbitcoins, retard and trade on binance. Who the fuck need some KYC-jews?

>>14417358
WITHDREW funds immediately
No no no sir, you won't check my asshole this time.

>>14417366
Cuckbase

>>14418255
>localbitcoins
who's gonna tell him

>>14418014
>>14418032
>>14417989
Just stake your LINK in the upcoming Coinbase nodes, pay your taxes, and be comfy. This shit will literally be auto-pilot. I wonder if I can have it auto DRIP and then just sell at the end of the year.

>>14417358
You just lost 30% of whatever you earn from now till you die

>>14418607
What will the returns be and how many links to run a node?

>>14417993
>>14417967
lad im pretty sure my understanding was originally right. it's based off your AGI

long term gains aren't AGI.

https://www.youtube.com/watch?v=oDeQ06LPCyI

requesting an accountant to clarify

>>14418607
What exactly does one have to do in order to stake? I thought that in order to do so I had to be an active information provider and ensure my accuracy or I'd lose my link. How is it automatic income?

>>14418654

>>14418657
Yeah, didnt you have to run a node or something and apply for an interview? kek

>>14417358
USE BITPANDA WHY ARE YOU AMERILARDS SO FUCKING STUPID

>>14417755

>long term capital gains
>he transferred to another account

i have bad news for you anon, crypto transactions are taxable

>>14418032
Is this true for burgers? I have like 1k in crypto (poorfag) am I too low profile to have to worry about uncle sam

>>14418790
shit bait

>>14418844
I'm pretty certain my original understanding of it was correct.

See >>14417840
It's based off your Adjusted gross income (So 401k+HSA can reduce you to the 0% bracket even if you made like 70k. You could hypothetically make $61,875 and if you maxed out your 401k (19,000)+HSA(3450), you would have an AGI of 39,375.

If you have any short term capital gains, that is taxed as ordinary income.

>>14418878
However if your AGI was $1 over 39375 (39376)

you would pay 15% on whatever you made between that and 434550 and 20% on anything above that.

So yes you could neet it up for a year and pay 0%, but im no accountant so

>>14418878
>>14418895
good posts

>>14417426
>Tax return? never heard of it

>>14417789
>checking yourself
anon, i..

>>14418680
>and apply for an interview
optional

>>14418032
Only if you’ve held it for 12 MONTHS.

>>14419101
who the fuck would sell link before then?

Small triple top?

>>14417358
>coinbase

>>14419136
>doing TA on Link

>>14418730
You think Pitbanda has no KYC?