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28978132 No.28978132[DELETED]  [Reply] [Original]

>taxable event

>> No.28978232
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28978232

>>NOOOOOOOOOO WHAT DO YOU MEAN TAXATION IS THEFT????? YOU HAVE TO PAY THE TAXERINO FOR THE HECKIN ROADERINO CUZ DADDY GUBMINT SAID SO!!!!!!!!!!

>> No.28978243

Tax this

>> No.28978368
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28978368

>What do you mean you don't do your taxes?

>> No.28978367

>He doesn't track his crypto to crypto trades so the taxman makes up a nice lump sum percentage for you to pay

>> No.28978502
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28978502

>>28978367
So do I need to pay taxes on my....

Oh wait nevermind I found some Monero lying around after I lost my funds on the L2. I think a Tornado dryer ate it. Thanks anyway. I'll donate them to an orphanage in Vanuatu.

>> No.28978505

>>28978132
Fuck taxes. It should be opt in but, because they know we don't like the dumbass bullshit they spend it on, they make it mandatory. Fucking kikes.

>> No.28978612
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28978612

>NOOOOOOOOOOOOOOOOOOOOOOOO YOU HAVE TO PAY YOUR TAXES

>> No.28978666
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28978666

>> No.28979434
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28979434

>be me
>Cash out 100k, a literal 100x 99k gain
>Sure will get assblasted on taxes
>Do a bunch of shitcoin trading
>End up with a capital loss

Mfw

>> No.28979562
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28979562

>>28978132
>Did you make any money from trading cryptocurrency in the last year?
>No
Have never cashed out therefore never made money.

>> No.28979687

>>28978232
Don't forget that paying taxes is a taxable event.

>> No.28980429

>>28979562
Is this true? I'm in Canada and rather not get fuck for tax evasion

>> No.28980484

>>28979562
Thats not how it works

>> No.28980804
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28980804

>>28980429
Do what I did and move to a tax haven.

Use the shit out of Monero and Tornado and don't use CEX anymore and deal with DEFI strictly trading on layer 2 where it cannot be tracked on the etherscan. You should not under any circumstance self-incriminate yourself telling the feds that x, y,and z are your wallets.

Also the CRA are understaffed with women, boomers, and pajeets and backlogged to hell due to corona. If you're incredibly unlucky and clumsy you've got a few years before they send you a weak sauce letter. Won't happen because within the year Canada will collapse for so many reasons and balkanize (take a look at Canada's M0 the road to hyperinflation has already started)

Also there's no legal wall between civil audit and criminal ones. Always treat the relationship between you and revenue arm of the state as an antagonistic one.

>> No.28981446
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28981446

>>28980804
thank you anon I really appreciate the help

>> No.28981505
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28981505

>>28978132
Say it with me folks: The Inland Revenue Services do not have the talent and resources to be able to keep up with the loopholes and tricks that savvy investors have.
Repeat those words.

>> No.28981686

>>28979562
not how it works man.

If you have ever sold coin/traded and made profit... that's taxable.

I'ts not when you withdraw

>> No.28981898

>>28980804

YOU HAVE COMPLETED THE GAME OF LIFE

>> No.28981983

>he pays his taxes
oh no no no no no bros who should tell him?

>> No.28982043

>you have lost $800k on crypto but your unrealized gains are $10M therefore you owe $3.7M in taxes if you do not pay we will imprison you
>oh you have no money to pay? Prison for life!

>> No.28983080

>>28981446
Any time

>> No.28983218
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28983218

>>28980804
What's layer 2 good for though. Absolutely nothing beside evading gas.

>> No.28983875

>>28983218
Instantaneous swaps

>> No.28984032

>>28978505
to be fair, niggers won't import and welfare themselves. they even have welfare payday songs...

>> No.28984056

>>28981505
bro, i got audited last year in the middle of the shutdown because i was short literally ONE fucking dollar
you cant outrun the jews

>> No.28984545

>>28980429
Canada is supremely gay in its treatment of crypto. A single transaction can be declared and adventure in trade and be taxed as a business instead of as a capital gain.

Absolute worst case is you get caught, have no way of proving how you got money into the system (what you transferred $3000 in 2017 and are claiming you have $1,000,000 now?) and get taxed at income rates plus interest for years not declared.

It's worth saying nothing and doing it through a lawyer if you have significant holdings. Otherwise CRA might decide to fuck you and will give themselves bonus points if you are a white, male citizen.

>> No.28984643

>>28982043
I'm sure they'd be willing to just take the $800K, your car and your home and commute it.

At least we don't have debtor's prison in Canada.

>> No.28984832
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28984832

>>28980429
>>28980484
>Thats not how it works
>>28981686
>not how it works man.
Tell me more about "how it works" when discussing digital commodities that are NOT stock and there are no real regulations in place on how taxing this new market should be carried out. I mean if you listen to Biden's Treasurer Janet Yellen you should be paying taxes on gains that have not even happened yet.

>> No.28984843

>>28984545
I knew people who drove nice cars, were in debt, and owed 5-6 figures in back taxes for years and last I heard nothing happened to them yet. If you're a thought to be dead NEET with no social media presence living in the shadow of a forested mountain side, then you are definitely in the clear.

>> No.28984991

If they come to my house im shooting. This is how I did out. Burgers are done playing. I keep my money or i die.

>> No.28985028
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28985028

>>28984832
Kek people think you need to pay taxes on staking when only 5 countries including the swiss, scandanavians, and kiwis have guide lines for it. CRA only mentions mining.

>> No.28985069

Is there anything more chad than tax evasion?

>> No.28985209

>>28984991

>if they want to take my money they can come get it! i will fight a police force that can escalate their force indefinitely! i will literally fight tens of thousands of officers!

you will die. and all because you didnt want to give the govt what its due. nice.

>> No.28985253

>>28980804
>Do what I did and move to a tax haven.
that only works if you're friendless and don't like your family

>> No.28985476
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28985476

>>28978132
Sorry Sir, all of my bitcoins have been lost in a boating accident

>> No.28985503

>>28985253
The chad move is to take them with you, also friends come and go you'll learn this as you get older. These aren't the concerns of an Orca but teenage girl who would die alone on a space station from lack of social contact.

>> No.28985524

>>28985069
Yeah, helping the poor and the downtrodden.

>> No.28985539

>>28979562
You’re fucked dumbass

>> No.28985649
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28985649

>>28980804
>Don’t pay your taxes because Canada will collapse within the next year

>> No.28985707

>>28984991
based

>> No.28985874
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28985874

>>28978132
you need a percentage of my crypto gains? oh I'm no sorry I lost it to a scammer, I'm down 1000% percent, I'll have to write that off as a loss

>> No.28985876

>taxable event horizon

>> No.28985993

>>28980429
>>28980804
>>28985028
>tax on 200k+ is 60% in Canada
Thats it im moving to america fuck this gay polarbear country I'm not giving them 50%+ of my earnings

>> No.28986007
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28986007

>>2898552
You mean useless BLM idiots both black and white who can't help themselves
Back t0 plebbit

>> No.28986142
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28986142

>>28985649
k nigger go acknowledge that said wallet addresses are yours to a bunch of bogged down diversity hires that just said fuck it and gave a bunch of people their corona cheques back. German police can't even cracked a wallet valued at 60 million in bitcoin you think fucking leafs are gonna crack a tor kiddie's zk-snark who trades through a burner OS?

>> No.28986220
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28986220

>NOOOO YOU CAN'T TAKE AWAY MY CRYPTO EARNINGS I CLICKED A FEW BUTTONS AND WATCHED NUMBER GO UP NOOOOOO I DON'T PAY FOR THE INTERNET INFRASTRUCTURE EITHER

>> No.28986261
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28986261

>mfw there's no crypto tax in my country

>> No.28986328

>>28986220
Nice try kike

>> No.28986430

>>28986261
where

>> No.28986815

I always come to these threads hoping to find a new tax evasion scheme for the US, and not one of you faggots ever had a solid plan. Maybe we should spend less time crying about it in threads and more time trying to fuck the gubmint outta their share.

>> No.28987336
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28987336

>>28986815
>spend less time crying about it in threads and more time trying to fuck the gubmint outta their share.
>more time trying to fuck the gubmint outta their share.
>fuck the gubmint outta their share
>their share
tell me more glownigger

>> No.28987657

>>28985993
what canucks really have to pay 60% on taxes? lmao

>> No.28987752

>>28987657
No it's around 33% on the first 200k and like 45%+ on everything after 200k

>> No.28987993
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28987993

>>28986430

>> No.28988044

>>28986815

1) mine anything into dark wallet
2) convert it into XMR

wow that's so difficult

>> No.28988183

>>28987752
ah that makes sense, still gay though

>> No.28988262
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28988262

>YOU NEED TO PAY YOUR TAXES WHAT ABOUT THE POOR XOMEN AND NIGERINOOOS

>> No.28988273

>>28978612
Hahahaha the glasses distortion

>> No.28988508

what happens if I just don't pay my taxes
I only made like 3 grand off it

>> No.28988644
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28988644

>>28984991

>> No.28988724

>>28980484
It actually is.
You haven't technically acquired any gains into you
A) Sell your stock from a profit
B)Change your crypto into some type of fiat currency

Until then your gains are literally none of their business.
The only time you get fucked is when you try to put your crypto into your bank account

>> No.28988824

>>28988508
you'll be fine lol i personally wouldn't worry until you make 10k, and even then its like...super slim chances

>> No.28988961

Why do people believe they're entitled to your money? It's quite literally not morally justified on any level.

>> No.28989035
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28989035

>living in eastern europe
>government knows the crypto exists but literally doesn't know how to tax it
>so it doesn't
>mfw

>> No.28989436

>>28989035
WHICH GOVERNMENT

>> No.28990128
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28990128

>filing taxes for 2020
>turbotax asks if i bought or sold any crypto
>say yes
>nothing happens or changes and i file taxes normally
guess i'm good then

>> No.28990220

>>28990128
it knows you didn't make any profit :^)

>> No.28990370

>>28978132
Are you done? Most of this board uses Uniswap or other exchanges which don't take personal information. Unless the site actually collected your social, they aren't reporting it to the IRS. If the sight isn't/can't report it then for all the government know it didn't happen.
>No SSN = No Tax

>> No.28990485

>>28990370
Then how do you fucking cash out

>> No.28990536

>>28990370
>Tfw started on Cuckbase

>> No.28991102

>>28990370
Pretty much this.

>> No.28991125
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28991125

>>28990536
Same fren

>> No.28991292

>>28990536
Just make an account on Kucoin lmao.

>> No.28991390

>>28990370
im pretty sure no one cares about petty amounts of cash anyways. i remember using paypal and they have a rule of they dont give a shit unless you make at least 20k in a year. i dont think its worth the time if youre not actually making money

>> No.28991473

So you're telling me that I'm going to get taxed for the $2k I made even though I haven't cashed it out to my bank account?

>> No.28991480

>>28990370
>Unless the site actually collected your social, they aren't reporting it to the IRS

Coinbase doesn't report anymore either:
https://www.coindesk.com/coinbase-changes-us-customer-tax-form