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/biz/ - Business & Finance


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20965019 No.20965019 [Reply] [Original]

How do i liquidate large amounts of crypto without paying taxes?

>> No.20965033

make business
give self salary

>> No.20965047

>>20965033
Elaborate anon

>> No.20965056

>>20965019
renounce your citizenship and move somewhere that doesn't have a crypto tax

>> No.20965070

>>20965019
You don’t you fucking idiot.

>> No.20965081

Just pay the fucking taxes, unironically

>> No.20965092

>>20965056
The exit tax is that all of your assets are considered sold and they will collect on that. You're fucked. Sorry lad.

>> No.20965123

Dether. Once it catches on, you can liquidate smaller amounts every day.

>> No.20965134

>>20965033
but then you can't have any other incomes if you want to stay tax free

>> No.20965192

>>20965019
Being a criminal is so stressful it will shave years off your life, don't resort to that shit unless it's absolutely necessary.

>> No.20965213

>>20965047
Very common practice in the U.S. at least. Do some Googling to get a better idea. TLDR version: start a business, preferably through a state like Delaware that is very good for low taxes, then you pay yourself a salary from your business' funds.

>> No.20965242

>>20965019
Imagine being dumb enough to post your intentions to evade paying taxes without a VPN on a website monitored by the FBI.

>> No.20965284

Cant you use crypto as collateral for loans which are not taxable?

>> No.20965290

>>20965019

Move to portugal and pay 0% tax on crypto.

>> No.20965318
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20965318

>>20965242

>> No.20965416

Bitcoin ATMs

>> No.20965455

>>20965019
this needs to be s sticky/general as it comes up everyday.

>> No.20965539

>>20965134
why not? you can have more than one source of income on your taxes

>> No.20965790
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20965790

>>20965019
Feeling generous
sell what you can without moving up to a higher tax bracket, and then move the rest that you want to cash out into something more stable, such as BAT or something considered dead, like monacoin or some shitcoin that barely 100 people touch
Then every year, sell what you have in those stable currencies

>> No.20965831
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20965831

Find someone willing to buy your ledger for cash.

>> No.20965948

>>20965790
How to money launder 1000 big dollars.