/biz/ - Business & Finance

>>28488077
Did you not know what taxes were before you started?

>>28488077
Dont forget why yr making it anon

https://youtu.be/RrYVxiH5Vqw

NEXO

>>28488077
move abroad?

>>28488077
Why can't you just cash out 1m and leave the rest in a stable coin?

>>28488356
Or find an investment management company that accepts bitcoin and just collect the interest payments

>>28488260
The thing is most people attempt to make it because they feel unhappy already and getting unhappier as you age is normal.

>wow this unhappy dude got unhappier, it must be the money
deep

>>28488077
Oh no it must absolutely suck being a millionaire how awful for you.

>>28488077
PAY YOUR FUCKING TAXES CHEAPSKATE.

How does it feel knowing that if you pay your taxes it will all go towards people who hate you and you hate.

>>28488458
he isn't a millionaire anymore after taxes

>he doesn't have an LLC in the Caymans

>>28488356
moving into a stablecoin is literally a taxable event.

>>28488437
Im just tired of wageslaving and need an escape from my shit job. Id rather be making music or doing tech stuff or finishing a degree in stem but this shit job eats up all my free time. Im not much for endless possesions, I just want a set it and forget it income i can chevk and manage once in a blue

>>28488077

keep it in crypto and increase riskier plays into shitcoins with low marketcap and supply

check out :

nucypher
ppay (plasma finance)
DAOmaker

>>28488562
lmao no fuck you nigger

Would it not be better to delegate/stake it all and have passive income?
I'm just thinking 1k or 2k a month cashed out is more likely to go under the radar, as well as securing your long term financial health as money in the bank is just rotting due to inflation and shit interest rates. If web3.0 is the future then your stake will be worth more and more over time anyway.
I dunno though, I'm just speculating as a poorfag who hopes to have this problem one day, I take it one lump sum cash out is the worst way to do it.

>>28488657
Kek well those niggers can’t feed themselves can they

>>28488651
I feels worse knowing all that hard earned money is going towards government oversight/mismanaged projects and free money for cumsumer niggers that refuse to help themselves.

>>28488077
just use your capital assets as collateral to borrow money against dumb dumb wtf are you paying 2.5k for a PHONE for jesus christ

also get additional income streams going theres no reason you should use profits from investments for frivolous purchases like a fucking 3DS unless you're a daytrader and that's your only income and you cash out at the end of your trading every single day and are already paying tax

Buy things in crypto. Get a crypto card.

>buying on the dark web
>instead of using a card
Ngmi.

>>28490976
>>28488077

This lol, just get binance visa card and youre set for crypto age.

>>28488077
cash it out and give the feds their cut.be thankful you don't live somewhere where they just take 100%.

>>28488713
it is, but IRS generally doesn't bother with it unless you make gains over 5 figures.

>>28488077
It's 20% for 440k+ if it's long term capital gains you retard.

If you put in an index fund or ETF, you can literally be set for life...

>>28488713
dude no one gives a shit just pay your main taxes

>>28491186
Faggot
>>28491311
Nigger

Both of you need to swing

when you undelegate, where do the funds go? I don't see them anywhere in the graph site, and they don't go back to my wallet. Does it just take time? Is there anywhere I can see that I'm waiting to get my stack back?

>>28491477
checked
nope sorry you lost them all
how does it feel to be a complete fuck up?

>>28492060
nice try but i found them, sorry you missed out bud

>>28488077
>Want to cash out at 1mil
>Suddenly have 1.5mil
>Cannot pay taxes on 1.5mil so you would be left with 1mil

>>28492096
>mfw sitting on 31k GRT

>>28488294
Yo, OP, if you need any electronics I'll sell them to you for 2.5x the price too!

>>28491166
does that mean leaving money on the exchange?

>>28493010
Yes. On the upside you get 8 % cashback from purchases.

>>28493069
Do these cards work like any other credit card? Swipe and purchase? It can't be that good, it's basically a workaround cashing out and getting goyed the gov.

>>28493362
No. They work like a prepaid debit card. Which means it's accepted in 99.9 % of stores, but there's always the weird store using old machines or that have blacklisted prepaid cards.

In Spain I've found that most gas stations don't accept them and there is one machine in my nearest supermarket that always rejects the transaction.

Otherwise, yes. It's a neat workaround. Especially if BNB's price goes up.

>>28493727
That's pretty neat, I also hold BNB.
Fukken godspeed anon.

>>28488077
As much as i hate the tax policies in my country there is still one thing that i actually love. If i hodl a coin for a year or more i can cash it out tax free

>>28488077
>iphone 11 pro for 2.5k$ to avoid taxes
You could've just cashed out 2000$, paid 40% aka 800$ and bought the iphone for 1200$.
But still based since now some 1337 anon on the deepweb got your money instead of laquisha and tyrone through gibs.

>>28488562
kys cuck piece of shit