/biz/ - Business & Finance

>>51056184
not if you don't pay them, dumbo

>>51056184
not in germany

>>51056184
not here anon

>not paying
>not here

Keep telling yourselves that

that’s fair, I mean you just gambled and got lucky, you should pay some of it back to society

BUY XMR.
SELF SOVEREIGN.
TAKE A JEWS SOUL, TODAY

>>51056184
Wait...you actually pay?

>>51056184
>cash out
>move money to money stable assets
>take out loan on your assets to cover your taxes.
>your 1m worth of assets keep growing and you pay taxes on them

>>51057088
>dont cash out soon enough
>bitcoin dumps 50%
>cant afford to move anymore

kek

>>51056220
Correct but you have to wait 1 year after. buying or 12 years if you lent it out for yield farming or some shit. Traders still pay massive amounts of taxes.
So holding is the only thing Germans can do without getting taxraped

not in my 3rd world shithole. the boomer tax agency knows jackshit of mmo, they dont even tax google ad profit. a guy once phoned and told them to sort their shits out because he wanted to pay tax and they flat out told him to keep his money kek. it seems they already made so much from lobby and bribes they cant be assed to come up with new legal systems for some internet bullshit

>>51056184
good

>>51057150
you can't hold for a year?

>>51056647
But leftists like tax, retard

>>51057206
Lmao same. Imagine paying crypto taxes

>>51056690
>I mean you just gambled
No, mutt.

>>51057206
America is a shithole, fuck taxes bro.

>>51057206
I’m guessing due to the corruption you’re south of Beanersville.
Costa Rica? Ecuador? Honduras?

>>51057206
What country?

>>51056184
no goy, I am not gonna pay any taxes for the nigger parasites, you on the other hand...

>>51056184
You don’t have to cash out and pay taxes if you’re holding. Even if you made insane profits. You only have to pay taxes once you realize those profits and create a taxable event.
But yeah taxes suck dick. Welcome to making money. That’s why long term v short term capital gains tax is such a big deal

>>51056690
Society adamantly owes me nothing, why should I owe society, faggot?

>>51056690
nobody owes your you globohomo sick society anything

>>51056184
>you gotta cash out
three words: crypto collateralized loan

>>51056184
>>51056220
I held for 1 year instead of selling the top because I live in Germany and didnt want to pay taxes. I pretty much want to kill myself now because I didnt take and profits even when I was over 1MM in profits. Now I am down 90%, but at least I dont have to pay taxes anymore...

>>51057605
Buy btc at 500 usd, swap for eth at 50k December 2021, those gains are realized even without 'cashing out' to fiat, you're now holding eth and it crashes in 2022. Still owe all the gains on btc from 500 to 50k and since the drop in eth happened following year you can't deduct losses. Welcome to freedom land.

Not me, crypto has still 0% tax here in Turkey

>>51058049
but you exchange crypto for turkish money and get rugged by erdogan the next day lol

>>51058090
Yeah, it's a constant juggle between USD/TRY/crypto, kinda annoying

>>51058028
Let's say one uses crypto as collateral and takes out a loan of 1MM, how does one pay back the loan without selling off crypto?

Sounds fair to me. I pay taxes to live in a safe environment that allows me to make 1 million dollars in the comfort of my home. In Tanzania I’d have to be worried about the local warlord coming to me and stealing my money. I pay taxes for that protection

>>51056184
Crypto gains are tax free in Belarus

>swap monero to giftcards
>buy groceries or whatever I need
>only pay sales tax
Based

>retarded government
>can easily hide my my money by quietly placing it all into XMR
>nobody knows
Remember, best savings are ghost savings nobody know exist in the first place!

>>51058029
With Euro taxation, down 90% of 1M is the same as taxing that 1M, anyways. You’re even ;)

>>51056690
Yeah I remember when my assigned IRS agent personally guided me into making all my best shitcoin plays too

>>51056184
>>51056220
Netherlands also has very low tax rates:

> 50K and below: 1.818% tax
> 50K to 962K: 4.366% tax
> 962K and above: 5.53% tax

>>51059380
how do I buy a car or house with xmr without paying taxes?

Here in Brazil I can withdraw 35k BRL ~ 6,8k USD monthly without having to pay shit. It seems low for a millionaire but with 6k USD/mon you live like a king here

>>51058028
>taking out a collateralized loan on my 500,000,000 ElonDogeMoonMonkey tokens

Don't have to pay shit anon. Making stacks of my bags of ETH and MATIC. No one can tell me shit.

Cant you just use monero to but the other coins and cash out in monero?

>>51059771
I remember there was a guy who posted here who tried to cash out something like $1,000,000 of XMR and the bank basically just froze his account and stole the money. It was pretty funny.

>>51059791
Lol but I’m sure that there’s something there like a work around considering the technology behind monero

>>51056184
>cashing out all of it
do retards really

>>51056184
>depending on where you live
Dubai, now make this $0 - $500,000
P.S. I'm leaving when I cash out, don't tell me about poop trucks

>>51056220
Why not just transfer it to usdt or something and hold that?

>>51056690
Will they give me a refund if I lose it?
The truth is the government is still trying to figure out if it's a commodity or a security. This is being taxed differently. So unless there's some clear laws you are not obliged to pay taxes by law.
Go ahead and ask Gary if XRP or ETH is a security or commodity.