/biz/ - Business & Finance

>crypto gains are counted as taxable income
>federal tax is 37%
>state income tax: ____
>you are giving away 40%+ to the government
>tfw you think you've made it with $1,000,000

>>28985259
Do Americans really...? Arent you guys some sort of land of the free or something? Didnt you start a war over 2% increase in tea tax?

>>28985561
That was a long ago
Now we have minorities and womens rights

>>28985561

>>28985523
>taxed on the income you earn from waging
>taxed when investing
>taxed when you spend your money on goods
its all so tiresome

Not for me.
t. Polish chad

>>28985935
Based.

This is when I realized I wasn’t gona make it

Even if btc goes to $1,000,000 I’m going to have to pay 15% tax at least. So at most I’ll end up with $850,000.

By the time btc is $1m a house I want will probably cost $2m, and I’ll only have 850k max

>>28985862
because now the government will melt you with a drone if you don't pay taxes

>>28985862
we are truly the most retarded nation, we pay more taxes than the euros but we don't get any of it back in meaningful services

OH SAY CAN YOU SEE

>>28985259
what part of never selling dont you understand? buy chainlink and hold forever for maximum profit

>>28985259
US is probably the worst fucking third world country in the West. IMAGINE living there, I'd wake up every morning with the fear of being shot by police, mugged by nigger, swatted, canceled from work for shit I said 10 years ago and to top that I would pay taxes on par with european without all of the benefits as all the money goes to jews in israel, jews from wall street, niggers or military

>>28985862
UK increasing CGT to 40% top kek

Portugalfag here, so far it's lawless but I fear they might try to give us turbocucked laws like that soon

>not just buying monero and never taking out lump sumps

ngmi

>>28985259
Just don’t sell and take loans out against your crypto

>>28986098
you get LE EBIN MILITARY

>>28985259
What happens if I keep evading taxes bros

>>28986297
exactly. i dont give fuck. i want to die owing the IRS millions of dollars

>>28985929
If the gubmint actually spent tax dollars on bettering society I wouldn’t mind. Instead it would be better off just setting our money on fire instead of actively harming its own tax payers.

>>28986217
I'm planning to move there from the UK soon as a UK/Irish dual citizen. With my luck they will place cuck laws as soon as I emigrate.

>>28986157
Hit the nail right on the head. We pay euro taxes but get no euro benefits

>>28985259
There's ways around that.

>>28986195
Only being considered at the moment, doubt it will happen

stop being such gaylords and level up that dodge stat

>>28986257
Seriously what the fuck, is military the money drain of all of this?
Don't go the nig spic way, europe is full of them too but at least whities enjoy some services too

>>28986034
nobody tell him that 15% is a dream. especially in a future scenario

>>28985935
POLSKA GUROM

>>28986669
No you give most of it to Israel. Zionist Occupied Government isn't just a meme.

>>28985935
Based

>>28985259
It's not bad unless you're a burger, most countries let you carry over from year to year. so the total amount is the same as if you just taxed the total once at the end

>>28986669
No, 60%+ of the budget is social security and other gibs for spics and niggers.

>>28985935
Akhually, every swing/exit/cashing is 19% minus costs, Belka's tax. If our irs will get in know/ and they possibly will - they gonna audit you cuz every legit trade place has to validate ur id and adress and send a paper that you traded and how much each year to polish irs. Tax on hidden income is 100%. Dont get so smug bro

>>28986098
that's because you're a middle-class white man. it's something like 70% of people (the welfare class and the bankers) in America are leeches off the back of 30%.

>>28986157
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

the only reason i want to stay here is we have good weather (florida and california) and weed is legal in half places and i know the language but god damn it it is fucking awful. its pretty sweet if youre rich but anywhere under the top 1% its garbage

>>28986686
Yea try 35%+

>>28987133
That's incorrect, only cashout is taxed

>>28985259
Don’t report them

>>28987222
They leech off the 10% more like. The top 20% earn enough to hide their shit. Middle Class gets fucked again

>losses lower capital gains amount for the year
>profits increase capital gains for the year
Isn’t this just the same as taxing the profit of your starting amount v end amount

>>28987315
I would love to bust a cap in a tax collector

be Jew.

have to donate 10% of your income to Rabbi.
You also have to assist with any monetary funds to local jews that are in hard times by paying their rent/bills.

Jews have it harder.

>>28985259
I'm financially ruined

>>28985259
Explain how the Government has the resources to actually follow-through with taxing crypto-to-crypto trades?

They are going to track and assign names to millions of wallets? Laughable, considering the World Governments can barely tie their own shoes right now.

>>28987626
Woah, i see u r spitting at world gov.
Wanna see the reeducation camps from inside for free?

>>28986461
Where do you plan to move?

>>28987626
aren't there firms that specialize in this though?
it would be quite profitable for them since everyone's making so much off of crypto

>>28986195
>>28986555
So the Brexit freefall comes...

>>28986157
dude i live here, and i have a really nice life, ill be 4th gen for this cabin we have on a lake. but everything you said there is true.

>>28986098
That's not even close to true. A median income worker pays half their income in taxes in the euro prison states.

>>28985259

IF YOU SAY SO NIGGER! There's no way the IRS can handle the increased load this year from all the normie faggots on robinhood. Just report a small coinbase crypto sale as bait and you're GTG

>>28985259
dang guberment can't keep a good ol boy down!

>>28988541
Unless Robinhood has done a collosal fuckup, they should have filed 1099s for their customers.

>>28987963
Porto

>>28986157
Stfu about it. White people are a a plague that must be contained. Think about it a lot like pest control. If we let whites run amok unchecked, they are prone to enslaving others for example during in WWII. They must be neutered in every way possible. If you oppose any of this, tongue my ass.

>>28987457
go back

>>28988704
oh no don't do that. What a shithole.

Avoid the big cities if you can. Go to Algarve or Alentejo.

>>28988502
Idk dude, I've formed my opinion mainly on what happens there, I'm from Poland and even for me US is peak clown world. If you're rich and live in a gated community or some sort of suburbs it's probably very good but holy fuck. Some of the things like antifa, twitter mob, holywood pedos and globohomo brainwashing are like shit form sort of dystopia novel. For me niggers alone are the reason I would fucking dread living in this country. I may be not as rich as an average american but I would off myself seeing cops knee for blm or cashiers in walmart dancing to corporate tunes during the breaks lmao
>>28989019
Post nose, Moshe

>>28989019
nigger

>>28989019
This but for every other race except those of White European heritage. Get fucked, subhuman.

>>28985259
bank account --> kiked kyc exchange --> monero wallet

smell ya later, irs niggers!

>>28989232
what do you say when they ask what happened to the monero you bought?

>>28989163
I'm not jewish. These are just straight facts. Wh*tes are beasts that need chains. They can produce their labour, often do so quite well, but must be watched closely lest they start causing trouble.
>>28989186
>nigger
Is that really all you can muster? You are a disgrace to your ancestors who fought so hard for your heritage
>nigger
Fucking kek

>>28986552
Well?

>>28987330
Yes, read my post again. Sam Francis talks about this in Revolution from the Middle.

Only pay 15% if I cash out more than 2400 euros per year

>>28989290
doesn't matter. the burden of proof is on them. if they rage and come up with some bullshit hypothetical trade, any jew lawyer would shoot it down.

>>28989290
i bought runescape gold and lost it at the duel arena

>>28986138
>never sell
>price goes up
>still have to pay tax on those gains even if you never cash out
learn2capitalgains you nigger.

>>28989533
Go back to /pol/ for fucks sake

Crypto 100% TAXFREE here
And they call us europoors?

>>28989203
Wh*tes only cling to their former glory.
>BTFOd by chinks on trade(literally giving profits to subhuman commies)
>BTFOd by Jews on literally everything except sports(literally working for purpoted subhumans)
>BTFOd by nigs min maxing welfare gibs (wh*tes literally wake up at 6am to go to work, funding some fat nigger lady's EBT cards)
Bonus, said nigs influence their entire culture which is steadily embracing marijuana, jazz, blues and funk based degenerate music, whoredom and faggotry. All borrowed from Blacks.
>much subhuman

>>28989736
so you want to be under surveillance 24/7 and have every penny you spend checked and audited

amazing plan

>>28990074
many, many more people commit tax fraud every year by omitting cash wages. it's on bank statements clear as day. does the IRS audit them? no. you're being paranoid. you're falling victim to good goy rules. they don't exist, they aren't real. they're tools to keep you in line, like the good little goy you are.

I have British and Irish citizenship. I'm also director of a ltd company. How can I use these to my benefit with crypto? I don't have much but I want to plan ahead

>>28990616
transfer pricing in ireland

>>28987133
Crypto to crypto is not taxable you humongous retard

>>28985259
if you trade spice it becomes untaxable