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/biz/ - Business & Finance


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23011283 No.23011283 [Reply] [Original]

This is the first year I've made anything in crypto so now I'm thinking about taxes. Obviously any trading done on Coinbase itself will be reported. And any cash that hits my bank account will be reported. But what about Uniswap degen activity in the middle? If I sent Ether to an address A from Coinbase, will the IRS assume it's me? What if you send from address A to address B, C and so on...at what point do you have plausible deniability?

Also, can't you just use tornado cash or trade to Monero back and forth before you cash out and cover your tracks? I'm not really against taxes, just don't think it's necessary to fill up my tax return with a hundred transactions related to food coins

>> No.23011617

>>23011283
>IRS
look, if you're going to expect me to calculate how much I owe you and not make mistakes or intentional errors of omission, then either pay me to do the taxes, or get off your ass and straight up tell me how much you think i owe you. don't do this bs, 'if you lie to us, it's your fault.' i really good at maths, but not if i'm not getting paid for it. fuck the IRS. fuck niggers. fuck jannies. fuck kikes.

>> No.23011666

>>23011283
>This is the first year I've made anything in crypto so now I'm thinking about taxes
I'm in the same boat. Fuck the IRS.

>> No.23011699

I did a few trades made money then lost 50k. Also a neet and never withdraw. I’m still fucked aren’t I

>> No.23011969

>>23011617
Based. Fuck parasites 2020.

>> No.23011983

>>23011617
>he thinks the system was made to be fair and not screw you
lol

>> No.23012231

>>23011617
That's why they make YOU pay an accountant to figure it out for them...nice system

>> No.23012318

Pay your taxes.

t. not an IRS agent browsing /biz/

>> No.23012340
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23012340

>>23011699
You don't pay taxes on a loss, only capital gains. However losses themselves only have a deduction of up to 3k a year. Since you are a neet and have no income anyway, this is meaningless to you.

>> No.23012384

>>23011283
FUCK the IRS
the worst part is you know those kinds are giving your money that you've been sweating over to some welfare queen and her pack of nigglets

>> No.23012387
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23012387

How all these dumb fuck retards don't learn how taxes work before they start playing around with investments is beyond me.

>> No.23012406

Wonder if the monero guys are moving to verge of all places...
I saw it bump a bit today and i was like ??what??

>> No.23012433

if you're an actual NEET and make less thank 40k in 2020, you literally pay 0% capital gains taxes.

>> No.23012657

>>23011283
I'm sure there will be some tool to help with reconciling the uniswap transactions into a coherent number. Paying your taxes = peace of mind knowing you're not at risk of an audit and that what you're seeing in your bank account is legit all yours. (I lost money the last couple years trading, this year I will have gains so I'm almost happy to have to pay taxes)

>> No.23012757

>>23012657
>peace of mind knowing you're not at risk of an audit
there's always risk of audit because irs is still an incompetent bureaucracy

>> No.23012768

>>23012318
I don't know how to report all the defi faggotry and the 700 lb black bitches down at the IRS really don't fucking know how to repor it

"pay your taxes" really means "roll the dice and see if Shaquita and Tykweesha have ever heard of Bitcoin"

>> No.23012916
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23012916

>>23012433
The number might actually be less than 78k now, thanks to changes in capital gainz law under Drumpft.

>> No.23012933
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23012933

>>23012387
Majority are neets, many are underage. Their thinking is probably "I'll just not tell the IRS and never cash out, then they'll never know I'm stiffing them on taxes and I can keep my 1 million dollars in LINKIES in my coldwallet".

>> No.23012943

>>23012657
Why didn't you forward your losses on your speculations?

>> No.23012963

Sometimes I feel like the chad move is to pay all your taxes and not give a fuck. The rich people I know almost brag about how much they have to pay.

I guess you could just say Sold Uni V2 LP on your taxes and put down a random number that is close to what you owe. It will take the IRS 10 years to even figure crypto out

>> No.23012987
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23012987

Everyone in this thread should never contact the IRS; everyone should also own a blade, a firearm & ammunition, just in case the IRS decides to pay a visit, and be 100% committed to killing everyone who forcefully crosses the threshold.

>> No.23012990
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23012990

>>23012657
Losses from previous years roll over, but the deductible is limited to only 3k, so you have 3k less in taxable income on this year's gains because of last year's losses. Though you might have to report all the losses from previous years retroactively to get that benefit.

>> No.23013023

>>23012990
I mean that's 3k more for your gentoo install so if you're gonna report gainz to the IRS might as well the same for your losses.

>> No.23013206
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23013206

>>23013023
I haven't had to actually use it yet, but I think the deductible might be most useful if you find yourself on the verge of being in a higher income bracket- the deductible can put you further down on the income scale, insulating you from extra taxation.

>> No.23013225

>>23011283
They won't know about all your degen Uniswap activity. If you want to be sure, get a bitcoin.tax account, and import your Coinbase account in there to see where you're at. Then take it from there.

>> No.23013312

If the IRS just made it easy for burgers to calculate their fucking crypto taxes, most will gladly do it.

>> No.23014053

>>23013206
I don't really see a lot of relative utility for 3k max deductions for anything above the 40k federal tax bracket but hey that's another gpu right there.

>> No.23015075

>>23014053
You can offset future gains with it.

>> No.23015359

I've only traded on uniswap through metamask. How does this shit even work? I have 300 trades this year. Can I just do this.

>compare usd that went into account to current wallet value
>subtract principle and pay the 20% or whatever on that amount

Do I just send them the amount or something. There is no way I'm listing all profits and losses on 300 trades. Don't know if it's even possible to track that shit at this point.

>> No.23015532
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23015532

You people are acting like babies. It isn't hard at all. Do you really need an accountant to fill forms out like this? I mean seriously don't you keep records to know if you are actually making money?

>> No.23015591

on a serious note. Whether you are tich or poor, everyone hates the IRS. Whats the point of collecting taxes if they can print the money?

>> No.23015627

>>23015532
This. All they care about are 4 things
>Money go out
>Money come back
>If more money come back, how much you owe
>If less money come back, how much you're going to deduct (up to $3k)

You can 100% fudge swing trading and swaps if it's not beneficial to you, and if they really wanna go digging through 700 uniswap transactions only to discover you owe an extra $70, then fucking let them.

>> No.23015735

>>23015532

How does this work when you buy at say $1,2,3, and sell some at 7,8,9.

>> No.23015757

>>23015735
8 minus 2 equals 6 profit taxed

>> No.23016043

>>23015757
Explain...

>> No.23016081

>>23011283
Just say no. If they audit you then leave the country. That's my plan. It's not worth it to be in this shithole of a country.

>> No.23016119

>>23016043
Your average cost you bought minus the average cost you sold is your profit.

>> No.23016168

>>23015532
Nigger I have over 300+ transactions, sells buys swaps across multiple wallets and exchanges. Its fucking unreasonable for me to list and calculate all of it.

>> No.23016210

>>23016168
So put it all in excel and take the average. Don't give me the I have so many transactions that I don't know if I'm making money or losing it. That is just dumb as hell and has nothing to do with taxes.

>> No.23016269

>>23016119

What if I sold some, but carry some onto the next year.

Just use the cost of the tokens sold?

>> No.23016274

>>23011283
all you have to do is compare the fiat you put into coinbase, versus the fiat you cash out via coinbase.

none of the shitcoin merry-go-round in the middle matters if you’re willing to pay the tax on the ETH you cash out via coinbase

>> No.23016359

>>23016274
Oh shit, that's true. So if I just bought ETH and whatever on CB and then swapped that shit around on uniswap for a year then cashed out thru coinbase, all Id have to total up is the amount that I sent to coinbase and the amount I took out?

>> No.23016491

>>23016359
The *risk* is that these mongloid government drone boomers figure out how to audit your 'COOM' gains through a barrage of letters and numbers in combinations this 65 year olds eyes have never seen.

Or he's just gonna go "yep yep yep, I sees the money in and duh money outs" and your paperwork gets the boomer stamp and placed in a pile of 350 million other ten page packets.

I've always wondered about the paranoia on here. Of course they COULD fuck you over, but they only do that to people like Gotti or El Chapo when they really need to knock on your door over some shit. You realize these greasy kikes deal with gorillions of dollars a day, right? Your pittance is both out of their capabilities, as well as the scope of them even caring about you at all.

>> No.23016570

>>23016043
FIFO. First in, first out.

>> No.23016612
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23016612

just check no to the do you own cryptocurrency box and hope they never check any deeper

>> No.23016643

>>23016491
Based. When you display intent to pay accurately; if you do get called out, the irs has to apply context of the error, and reconciliation track. Fiat in record + cash out record for minimum viable tax obligation should suffice. Not paying or hiding CB activity will likely get caught and face less reasonable consequences than you would from paying something, even if underpaid.

>> No.23016658

>>23016612
Yeah until your bank account suddenly has a balance of 100k and they freeze your shit.
Wouldnt that be something? Cash out like 300k, youre living the life and the boom the IRS freezes your shit and says you cant have it because its illegitmate. Hahaha

>> No.23016725

>>23016658
Exactly.

Flip short term wins into stable coins.
Cash-out a minimum reasonable amount for exit burn record.
Pay on that minimum.
Buy coke and blowjob with cash. Keep receipts for accountant. Write off head as entertainment expense.

>> No.23016804

what if you haven't cashed out at all for the year? I've been putting FIAT into crypto for the past 3 years and have never withdrew USD to my bank account.

I still reported my crypto to crypto trades for the past two years, but I've never gotten a clear answer on this. Do I have to pay CG tax if I never put my crypto back into my bank account?

>> No.23016947

>>23016658
If you contact your bank before moving in excessive amounts of money they will work with you to ensure that doesn't happen.

>> No.23016962

Just lie on your taxes I mean it's not like they can audit you

>> No.23017345

>>23016168
Then use a tracker, manually fill in anything exotic it doesn't understand (icos, airdrops, etc) and either generate the forms from the spreadsheet or take it to a cpa and spend about 300$ for them to file it for you. Did this for 2017, with H&R block no less.

>> No.23018633

icos and airdrops are "income" and zero cost basis

"cost basis" is the most important concept you need to know. "cost basis" is where your plan to lie to the auditor is going to be instantly recognizable as fraud.

>> No.23018842

>>23018633
>free money is income
They just hate crypto, dont they

>> No.23018851
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23018851

>>23016168
pftt. This is nothing, I had 20k transactions and I did my due diligence.

Since the cost basis changes as things are traded for other things, if you omit trades, the chain gets fucked up and the numbers start getting weird. Accounting fraud is something few get away with, because shit just doesn't add up right if you make stuff up.

The IRS doesn't care if you "approximate" a number for a sale price. You have to make a "good faith effort" to report all your transactions. The gains, the losses, EVERYTHING. The burden of proof is on you to prove you made an effort. Thats a huge benefit to you as long as you document an effort to find when and where and how much, and for what a trade was made.

When the auditor comes to your trailer and starts asking questions, you better have evidence of the "good faith effort", in a file folder (keep for 7 years) even if it was as simple as a record of the day something was bought or sold, out of what wallet, where those coins went next, etc., and a consistent method of accounting to estimate the price: an average price on a candle or a closing price on a day- some data point on price from a third party, that provides justification for the numbers you are giving them, even if it is not an exact value. Because they WILL NOT accept making shit up.

They don't audit very many people, because its not really necessary. An agent will come with a few questions about your file and you'll be exposed as a fraud in short order because they are trained to spot incompetent financial accountants like yourself. Instead of a lengthy audit you'll get an offer "you can't refuse", something like half your assets. If you refuse they'll jack it up to 80% and ruin your life and confiscate your electronics. They can do anything they want to you. There is no way to discharge a debt to the IRS. They have agents and forensic accountants and inspectors in every county, in every state. They can smell a lie a kilometer away.

>> No.23018893

>all these questions and no answers

Yeah, we're all fucked.

>> No.23018956

>>23018851
>half your assets
These niggers are taking almost half already

>> No.23018967

>>23018851
So in other words even if I make it, I'll never be able to realize my profits

>> No.23018997

>>23016804
Does no one know the answer to this? pls

>> No.23018998

>>23011283
With information on market manipulation, investor fraud and money laundering you only can hide in three countries where you die if homosexual or transsexual

>> No.23019031

>>23012916
ok ive seen enough trump 2020

>> No.23019038

>>23016081
lol I'm kind of in the same boat. no reporting and if they ever audit I will either pay whatever or just leave

>> No.23019047

>>23011283
They have the resources to get everyone. The odds are not in your favor. JUST PAY YOUR TAXES or forever be looking behind your shoulder. The gains in crypto are insane. Pay them.

Tokentax is good for burgers and handle all the things.

I made like 600% on DIA (and should do much more long term on this swing), you think I care about giving 30% of it back? nah.

>> No.23019061

They aren't going after the small fish. They don't give a fuck about your 1200 airdrop cash out, relax. Check no.

>> No.23019176

Taxation is theft. It should be fucking 2% and government can learn to spend money wisely instead of blowing it on fucking nukes and parks and shit

>> No.23019415

>>23018956
Not really. You obviously don't understand tax brackets. You'd have to make seriously big gains to match what regular income is taxed at. As capital gains, you're paying trump-tier amounts as a percent of income and its been pushed down AGAIN this year.

Hodlers and nonsellers have the best deal though. They pay nothing until gains are realized and after a year its on a long-term schedule. If you're super-smart like me, you have budgeted all your expenses and so have cash for those. That means you are officially "low income" and now can apply for low interest loans, food stamps, subsidized/free health care (some states) and tons of other benefits.

>> No.23019497

>>23019176
It should be zero taxes, all replaced with a carbon tax. Ofc, that would mean extra revenue to hire more IRS auditors. If they decide crypto is a place they can move in and find more revenue, they will. I'm sure they are already getting ready to do it, too. They haven't really moved in a big way publicly, but its too tied up with CFTC / Fincen now. Big money has come into the space. In respect to small fish, that just means they aren't going to care when they step on you. Their forensic accounting is only getting stronger year by year. And good luck using coin tumblers and/or privacy coins. Thats like sticking your head out in a firefight. Those coins and anonymizers will get all your shit frozen, because its pretty much prima facie money laundering. People holding monero thinking the price will appreciate isn't going to mean anything when no one will touch it and no fiat exchange will come near it. Those dark web days are long gone but the dream remains. Dream on.

>>23019061

>> No.23019506

>>23016269
Well if you want to get complicated for each like transaction you can pick a cost basis. Like others have said first in first out or average cost as I have said. Last in first out is usually discouraged but may also be possible. Regardless I suggest sticking with average cost for everything. It is the easiest to figure out and better for profit tracking.

>> No.23019515

>>23011283
no retart. go from conebase to a foriegn non-kyc exchange and then to metamask. have you ever looked at your exchange wallet on etherscan? not your keys, not your crypto

>> No.23019524

>>23011617
Basted.

>> No.23019537
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23019537

If Arthur Hayes, with his foreign accounts, lambos and coconut bribes to Seychelles officials can't stop being indicted by the SEC and NY AG, you personally are not going to have a chance. You can't afford a lawyer. You didn't cover your tracks. They have a file on everyone and every account, everywhere. Call their bluff, they'll level you. In the immortal words of Chuck Bukowski, "Dont try".

>> No.23019563

t. IRS nigger

>> No.23019591
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23019591

>>23019515
> foriegn non-kyc exchange

Feel free to share some of those. Let me know what exchanges I can do this with for anything more than 0.05 btc. Tell us what happens when after you send your coins, you go to withdraw from their wallet and suddenly they need all your personal info to release the funds. Tell us if it was worth it, for a pittance in crypto, handing over your personal details and financial trail to unnamed, unknown third parties in unknown part of the world.

>> No.23019653

Do trading on KYC platforms and pay taxes on what they report

>> No.23019675

>>23011283
It means your a vassal.

>> No.23019699

i'm neither to scared or retarded to skip my taxes, just trying to help out op. kucoin is china, and they don't force kyc but the limit is 2 btc? if you are going to spend money on extra tx to "hide" them from the irs idk really what else to tell ya.

but if i saw a coinbase hotwallet tx to kucoin hotwallet to a metamask address it's not going to be obvious who it belongs to, maybe easier to track if the coin has its own chain (not erc).

>> No.23019721

I actually need to move back to the states to get some taxes sorted for crypto this year what state is the best state for taxes?

>> No.23019797

>>23019699
The exchanges know where all the coins go and where they came from. Unlike you, they do proper financial accounting, not just because its their business, but because the authorities would shut them down and confiscate all their shit otherwise. It may look anonymous to you, coming out of the exchange wallet, but they keep comprehensive databases and they contract with datamining and forensic firms and have tools. There are only 8 billion people on the planet. Every single person has a file. By artificial intelligence and analytics, the only way you can fool the system is pretending to be someone else entirely. Good luck. Only elite hackers with resources or government cover get away with this shit

>> No.23019925

>>23011283
They will go as far as they want until they're satisfied. They may or may not make assumptions, its on you to prove to them as gay as it is. if you do a shell game they can follow it up with ok, show us its still in address z, else where is it?

>> No.23019959

>>23019721
Slovenia

>> No.23020012

>>23019797
i use the copy-paste and plug what i decide shall be taxed into excel for ezmaths. the more work i do the more loss i can harvest from fees and gas but i paid for financial advise one time. the accountant told me to round to the 100s of dollars and don't tattle on myself like a punkbitch.

>> No.23020167

>>23011283
Don't risk your freedom for a couple of grand,Al Capone

>> No.23020225

>>23020012
The problem with accountants is that they are not liable for misreporting, fraud, or anything at all. Its ALL on the taxpayer. They know you're a in-and-out client with no possibility of repeat business and they will literally tell you anything to get you the fuck out of their office so they can go back to posting on 4chan.

>> No.23020244

Tax topics are always interesting, thanks for your input.

>>23016491
I'm leaning more towards this attitude now. They have so few resources, so as long as your taxes aren't too off from what is expected it won't trigger an audit. I doubt their automated systems are doing deep dives into etherscan for every crypto user. It would be a pain to prove anyone did or didn't own a specific address. To be safe, could just say the cost basis of a sale was 0, can't get any lower than that.

>>23018851
That said if you are getting gains in the millions, then I would take this fear anon seriously. Looking at jail time then if they really want to get you

>> No.23020312

>>23018851
I thought they send you some sort of letter if they notice a discrepancy in your taxes.

>> No.23020362

Anyways. I'm a total retard when it comes to this stuff. How do I figure out what I owe if I have been cashing out to pay bills over the last year? Thanks in advance anons.

>> No.23020372

>>23020244
>could just say the cost basis of a sale was 0

They will note this detail in an audit. The implication is you're either committing fraud, hiding your transactions, or at the very least, incompetent. All these options establish the case you didn't make a good faith effort. There really is no corner, no dark shadow to hide in. You will be forever flagged and if and when the government needs resources they are going to pull a batch of files and yours is going to be in there. Suppose its 2025 and you've made millions in the crypto bull run. Well, now you've got something to lose. Zap! Instantly 50% of your assets are gone from your bank account. Hope the false sense of security was worth it... only half a mil...

>> No.23020406

>>23020362
You have to convert the coin prices into dollars and then track the gain or loss with each interconversion of the assets, to come up with a figure, loss or gain, that you have to report. If its positive (gain) you have to pay the rate in that tax bracket.

>> No.23020431

>>23019537
kys fed

>> No.23020505

>>23020406
This is retarded. Any easier ways?

>> No.23020562

>>23019537
You have to be trolling

>> No.23020707

You guys could also grow the fuck up, learn proper financial accounting, and have a lifelong skill- these skills are relevant in every area pertaining to business and finance. Why not actually master your financial lives instead of having no idea what the fuck is going on?

>> No.23020722

I would be afraid to skip taxes if I was a complete NEET.

>> No.23020780

>>23012933
they're
and if you never cash out you will not have to pay. this much is fucking obvious

>> No.23020887

>>23011617
based...

hes my wallet addresses and exchanges. YOU FIGURE HOW MUCH I OWE FAGGOTS

>> No.23020913

>>23019176
property taxes pay for parks. Im all for national parks in the federal system, Im glad some small sliver of my taxes goes for that. Otherwise it would be one giant strip mall

>> No.23020933

>>23020707
Okay this is a confirmed irs kike shill thread. Fuck you.

>> No.23020964
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23020964

>>23020887
They have a plan for you. Its 50%. Of the entire account. Its simple and made just for anons like yourself.

Hopefully you will be honest and helpful or the charge will be 80%. I know these numbers are difficult to understand and involve math. We can make an example, with a drawing, or the fingers on your hand. Here, put your hand on the table. Hold still.

*SMASH*

*SMASH*

*SMASH*

*SMASH*

*SMASH*

That was FIFTY percent.


*SMASH*

*SMASH*

*SMASH*

Eight fingers means... eighty percent. You look like you're in pain, anon. You'll feel better in a couple of months. Just don't look at your bank balance. Best you not deal with numbers at all. Here is a number of a local Acuntant, perhaps (((they))) can help you.

>> No.23021004

>>23020964
Who the hell keeps large amounts of money in their bank accounts? Moron. I can smell your desperation from here.

>> No.23021026
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23021026

>>23020964

>> No.23021031

>>23011283
>have 5 eth
>buy shitcoins
>swap shitcoins for a different shitcoin
>etc
>swap back to eth
>Now have 10 eth
You can bet your ass I'm only reporting that as a capital gain of 5 eth ($1750~) and not saying anything more. The IRS doesn't ask you to show your work unless you get audited.... And even then, all that really matters is the money you started with and the money you ended up with. I certainly wouldn't be reporting unrealized gains either

>> No.23021105

>>23021031
I hope trump really fucks the irs in his next term.

>> No.23021123

>>23021031
Great plan. Now make the numbers work as per >>23015532 with date acquired, date sold, the proceeds and the cost basis.

Congrats you're done. Junior level tax fraud certificate on the way. Guaranteed audit protection. Good to go.

>> No.23021148

>>23021105
Remember when he said he didn't like bitcoin? What makes you think he's going to think twice when McConnell comes to him asking him to backfill a $2T stimulus hole in the deficit?

>> No.23021163

>>23020780
No, actually he's correct, it's "their" as in the poessessive pronoun, you absolute mouthbreather

>> No.23021184

>>23012340
yes but you can claim losses from previous years as offsets for current year gains. You can only deduct 3k per year of losses, but the real benefit of tracking losses is to offset gains.

>> No.23021299

>>23021148
They will just create it out of thin air like they just did with corona chan. He said that to throw everyone off you dingus. I will pay my taxes mr irs nigger, it just should be easier than doing a congo rain dance on my erect penis on a blue moon night between the hours of 2-4 a.m. only when it's 66 degrees farenheit outside.
Most people who got into crypto were already poor, and stupid. They don't teach a lick of tax shit in highschool, so fuck you and your high horse you sucked a cock in on.

>> No.23021408

>>23020964
Are you trying to piss off biz and start a holy crusade against the IRS?

Don't make a horde of neets go outside into sunlight.

>> No.23021483

>>23011699

You're actually losing more money by not reporting it because you can do something called tax loss harvesting, and yes, you can do it for crypto.

>> No.23021504
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23021504

>>23021408
I sleep like a fucking baby... I hope you graduate

>>23021299
Nah, the republicans will be looking for credibility as trump's final term comes in. Crypto will be mooning and every government in the world is going to be seething. Wall street too. Everyone will hate it and want to tear it down. Its just the way it is

>> No.23021618

>>23021504
Cope.

>> No.23021842
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23021842

>>23021618
Pic related. Its you, sitting in your bunker of ignorance, speculating about the lives of people who have bank accounts and pay taxes and understand politics and the economy

>> No.23021864
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23021864

>>23021842
This one would be more accurate. I don't give a shit about other people's lives, and I actually hate them for voluntarily participating and perpetuating this disgusting clown world. Can't wait until God destroys this place with hellfire.

>> No.23022052

>>23019591
>Imagine being this much of a pussy
Hmmm I wonder, there are none that I can think of at all. Hmmm.... Nope still nothing. Too bad there aren't any big names in the space and this info isn't available literally everywhere if you bothered to spend 2 minutes looking. Dang. Guess I'll stick to fagbase and paying 40% capital gains on anything I manage to make
t. Nonfaggot who uses vpn and non kyc binance since forever, with repeated deposits and withdrawls to my private pseudonymous wallets.

>> No.23022170
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23022170

>>23011283
IRS are masonic faggots

>> No.23022203

>>23020964
Thanks im rich enough for my own personal tax Jonney Cocheran. Have a nice time while he drags it out in court for 10 years and I laugh

>> No.23022205

>>23022052
You would have to be making fucktons of money, like 500k, to pay 40% and even then there are deductions which can be used at that bracket to get it down to half or less. At 500k you should incorporate yourself as a small business anyway to get those small business credits and shit.

>> No.23022253

>>23022205
It's called exaggeration you mong. The point was about non-kyc exchanges existing

>> No.23022309
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23022309

>>23022253
The point is you are being silly, there's no such thing as the "anonymous millionaire" and you're better off slowly bringing the money into the limelight into your bank account while taking generous cuts, possibly starting a real world business/buying rental property to increase your passive income and legitimize yourself.

There will be one last bullrun in the cryptosphere in the next year or two before the government really starts coming after crypto and then the crypto-rich will split between those who legitimize themselves/form a crypto lobby to lobby congress millennials and zoomers to represent their interests and those who choose to be autistically on the run like John McAfee.

>> No.23022337

>>23022309
tl:dr
I was pointing out that non kyc exchanges exist and are not hard to find. I really don't care about your opinoin on taxes.

>> No.23022380

>>23022309
Why not both? Trading allows for it as long you never have identifying information. Dread Pirate Robert had a good run. You can still trade for major assets in Germany, Switzerland, and Portugal and as long as you don't out yourself as American you are fine.

>> No.23022436

Allahu Akbar!
The U.S. must return to the gold standard now! The U.S. must adopt the gold standard again now!
The U.S. must decrease its military-budget to 100-billion-dollar per year now. Or, the U.S. must decrease its military-budget to 1% of its GDP now.

The U.S. must take Monroe Doctrine now. The U.S. must withdraw American Forces from all Foreign Countries now. Stop America's doing its all wars now!

I love 99% of African-Americans and the U.S.


Japan and Germany must reduce Germany's and Japan's taxes now!
Japan and Germany must issue a lot of construction bond now!
Germany and Japan must stimulate Germany's and Japan's domestic demands now!
Germany and Japan must loosen Germany's and Japan's monetary policies now!

The U.S. must tighten its monetary policy now!
As a result, Dollar value will rise!
The U.S. will have trade surplus!

>> No.23022473

>>23022309
You either forget or choose to cover up the other option.

This time (((you))) actually go in the oven.

>> No.23022482
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23022482

>>23022380
Euro countries will always be more authoritarian on crypto. It makes more sense to move to a state like Wyoming and make that the "crypto state" with strong public support for crypto millionaires running crypto corporations.

Why be satisfied with a million dollars in linkies on a cold wallet in your underwear drawer in your mom's basement at 35, too afraid to live your life, when by 40 you could be the next STERVE JERBS or ERLON MURSK but for crypto instead of tech. The man who gets in first will be the first to become a legitimate billionaire and from there you can be like Donny T. and pay 0 in tax. The bigger the fish, the harder to fry.

>> No.23022499
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23022499

>>23022473
>neetoid who fears the sun and is too paranoid to ever cash out talks about a violent revolution

We both know that if you browse /fit/, you're one of the Fat Hate Thread obese lardos doing a snake diet to shed your 300 pound exoarmor, not the dudes in the post body threads going totally gay over each other's bitceps and abdominals.

>> No.23022549

>>23022499
I knew you were a Khazar. Y'all the only ones with an (((informed))) vested interest in playing the system's game.

>> No.23022566
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23022566

>>23022549
Yeah okay. Enjoy "fighting the system" by being a neet with a theoretically high value. RETARD.

>> No.23022572

>>23022482
That simply means you have to be creative my dood. Internatonal tax leniency for americans overseas is under 100000 in a tax treaty country. In some countries if you hold crypto for a year you don't have to pay taxes in that country. See where I am going with this sweetheart. Paying off a few overseas friends may cost less than tax. Only issue is if you can trust and how you make these transactions. Its faster if there's multiples. Or you just trade for a large monetary asset(gold/art) and sell it for euro or dosh later. You would only get dinged if you put it back in the system or dumb enough to transport cross borders. Put it in another account, say it was for business. But above all else pay your taxes :), pay what you owe them.

>> No.23022579

Japan and Germany are fascism, totalism, axis, evil axis.
Fascism is an enemy of humankind.
Trump, Japan and Germany are evil empires.
Islamists' true enemies are Trump, Japan, Germany, FRB, Top1%, Wall Street, American Military Industry and DOD!
Japan is the country which has been promoting Globalization!!!
Allahu Akbar!


American Revolutionary War!
We American 99% have the 2nd amendment!

Japan's Ministry of Economy, Trade and Industry (METI) and Japanese-bureaucrats are the main largest promoters of FTA.
Wall-Street, American-top1%, American-Military-Industry and FRB are colluding with Japan and Japan's Ministry of Economy, Trade and Industry (METI).

Trump, US DOD, Wall-Street, American-top1%, American-Military-Industry, FRB, Japan and Germany are enemies of American99%.
Trump, US DOD, Wall-Street, American-top1%, American-Military-Industry, FRB, Japan and Germany are enemies of mankind.

>> No.23022714

>>23022566
JOOOOOOOOO