[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 79 KB, 460x460, 1612935609622.jpg [View same] [iqdb] [saucenao] [google]
28679151 No.28679151 [Reply] [Original]

How do you get around taxes in crypto? Feels pretty bad to make some gains from your own pocket, risking this money, and actually winning, but then having to pay an insane amount of taxes, depending on where you live.

Wouldnt you just be able to convert your profit to BTC, and sell privately to someone? Maybe tumble the bitcoins etc.

>> No.28679284

well, you sell your BTC, you get your fiat. What next? Its a dirty fiat, you can't buy an apartment or car with it. Government will come asking where you got it

>> No.28679315

>>28679151
Avoiding taxes is a federal offense my friend :-)

>> No.28679377

>>28679315
Being a faggot should be one too

>> No.28679400

>>28679284
Yes, I forgot to elaborate in my OP.
I would be fine with dirty money, if I could avoid taxes, I could spend those money on things I dont need to buy registerd, as food, clothes, few nice items. I would probably just keep investing rest of my money, untill I didnt give a fuck about taxes, say I make 2 mil, and theyd take a percentage, it would be so much I would be probably okay.

>> No.28679419

>>28679377
Not in Biden's America I'm afraid

>> No.28679438

>>28679315
So youre telling me everyone is paying taxes of their insane crypto gains? hmm

>> No.28679472

>>28679151

this man seems to be in pretty bad shape and should adopt a healthy exercise routine

>> No.28679507

>>28679151
If you make a private sale and receive dirty money go to a casino and play a couple games of baccarat or roulette. Leave and cash out the chips.

>> No.28679524

>>28679151
1. Don't be a USA citizen. Reason is that as an american you pay taxes to the USA independent of where you reside, which is absolutely fucked up. Wherever you go, they still own you.
2. Move to a country where crypto isn't tax i.e. Malta
3. Get papers form permanent residency
4. Cash out
5. Fuck off to wherever you want to go

>> No.28679530
File: 2.39 MB, 1240x1754, 1612496950285.png [View same] [iqdb] [saucenao] [google]
28679530

>>28679151
btc -> xmr -> cash
or
btc -> xmr -> btc -> cash
also litecoin is better for lower fees

>> No.28679531

>>28679151
go away, fed

>> No.28679546

>>28679151
Move to a country that has 0% crypto tax, like Belarus.
I've heard there are some Swiss banks that do tax avoidance services for crypto millionaires as well, but not sure about that.

>> No.28679594

>>28679151
YOU DONT CASH YOUR CRYPTO OUT.
YOU TAKE OUT A LOAN ON IT AND USE THAT TO 1)LIVE LAVISHLY AND 2)INVEST INTO MORE CRYPTO

talk to an actual rich person for once anons.

>> No.28679897
File: 150 KB, 1334x1334, 1612437187871.jpg [View same] [iqdb] [saucenao] [google]
28679897

>>28679151
Do you have a good reason to avoid taxes or are you just a total jew? The only ones who have a moral right to avoid taxes are the greekbros since the german overlords fucked them so hard and every tax euro avoided is one euro less to their oppressors

>> No.28679981

>>28679315
Evading taxes is an offense numbnuts

>> No.28680050

>>28679897
I pay 42% tax in my country, I dont want to give them half my risked invested gains from my own pocket, are you stupid?

>> No.28680190

>>28679897
>pay taxes
>it all goes to niggers and other parasites
>while corporations pay almost 0 taxes and gov is fine with that
Do you need any better reason?

>> No.28680393
File: 7 KB, 429x576, 5D3AF197-A345-4994-A7F5-81830E05DB7A.gif [View same] [iqdb] [saucenao] [google]
28680393

>>28679151
This oughta be good for a laugh

>> No.28680398

A lot of wealthy Americans are relocating to Puerto Rico for avoiding tax. And its legal.

Many are crypto rich.