/biz/ - Business & Finance

>>27986222
Just evade taxes theory

>>27986222
There are services rhat you just connect exchange api or wallet and they generate all raport. Literally few clicks

>>27986270
sounds gay

>>27986270
Taxes are gay

>>27986270
>there are services that help do the work for us glowies, just click it goy
Go fuck yaself

>>27986222
doesn't even make sense, it's a 1:1 trade with no gains. i don't even own crypto but fuck them, they don't even accept crypto

>>27986490
Its not the trade itself but the gains you may or may not have made on the shit you swap

>>27986662
Say I bought 1000 dollar worth btc, traded it for a shitcoin that went up, than traded it to 5000 dollar worth btc and cashed out to fiat. How exactly is that taxed?

>>27986222
Just if you tell someone about your activities on some Asian digital finance exchanges.

>>27986222
That is why you need to have undisclosed amount of monero in your stash.

>>27986222
tell them to fuckoff

>>27986834
1k purchase of BTC

Trade BTC for Shitcoin - Boom, 1st taxable event. If the BTC gained in value while held you owe tax on that gain

Shitcoins go up to 5k, you trade for BTC - Boom, taxable event 2, you owe taxes on the gain to 5k

Now have 5k BTC, cashout - taxable event 3, if the BTC gained in value before you cashed out to FIAT you owe taxes on those gains.


Make sense?

>>27986920
Get fucked

>>27986920
Like which ones?
Just curious
I use Bilaxy and they do ID identification

>>27986834
$4000 profit is taxed

>>27987475
>Sign it. Sign the order you old fuck

>>27986222
dropped this shit after the schizo ice kaguya arc, does it get any better?

>>27987292
And if bitcoin crashes and you lose the gains why do you pay in the first place?

>>27986222
>buy crypto
>cash out under the tax-free bracket every year
>live frugally until crypto debit cards are a thing
>never cash out again

I'm not paying my taxes "in minecraft".

>>27988862
what "mod" would you use to do this?

>>27988948
mp5.cmd

>>27986222
only in the land of the unfree

>he's actually gonna pay taxes on untraceable exchanges done in wallet

>>27987292
No.
You pay taxes on selling or exchanging for good or service.
Example: Buy BTC for $1000, trade trade trade Sell BTC for $5000. You pay taxes on $4000 of income.
Or, buy banana using BTC. Pay taxes on value of said transaction
BTC according to the IRS is not a currency but an asset. Go look at what that means
You don’t pay taxes if something you own becomes valuable, only if you sell it

>>27986834
>HOW THE FUCK IS MAKING A 400% PROFIT TAXED

>>27988732
Cashapp unironically already has this for BTC

>>27987292
ew, I can't even imagine living in a shithole with such laws

Where I live the country's IRS is dumb and doesn't have the money or technology to catch shit, so I will never pay taxes, kek

oh fuck this is real
so happy to see how they try to shill stupid rubbish
u should know one thing -NOT ALL NFT ARE PEARLS
want to check good one - visit playcent - free profit while playing and using apps

The crypto to crypto tax is what is really fucking stupid. Do I also owe tax if I trade 10 jolly ranchers for 5 hershey kisses? This shit is all fugazi internet funny money until you actually cash out. It's beyond retarded.

>>27986222
Thats cool because by this logic I have enough losses to end up with a refund

>>27990679
What country pls

>>27986222
Just run the transaction through Monero and then say an anonymous person gave it to you as a gift.

What would they do to you if you did this?

>>27987475
>>27987292
>the land of the free
How do Americans defend this garbage lol
Imagine getting taxed on your crypto gains so niggers can get more gibs

Move to peurto Rico or renounce Cuckmerican citizenship. Only the dumbest people look at Cuckmerica and wish to immigrate.

>>27991385
The paranoia would kill, I'd rather pay my taxes

>crypto to crypto is taxable
I'm sure there are ways to exploit this to write off losses.
>>27988353
It's pretty shit for about 50 chapters after Ice Kaguya. It's only picked up very recently with them entering third year and new characters and subplots being introduced.

>>27986222
if you're small then they probably won't come after you. if you're big, just pay your taxes.

>>27990161
Isnt buying shitcoins paying for a good?

>>27991989
This, I've had it in the back of my head for sure but it just makes it look all that more suspicious to the big tax man, puts you under the spotlight that bit more

Why the fuck do people come in a unregulated asset to pay regulated taxes ... i will never know

Any cointracking site which can create reports for taxes in germany?

>>27992572
Whats ur exit strategy?

>>27986270
Link me please