/biz/ - Business & Finance

>>54479648
That’s why the IRS hired tens of thousands of wagies for the next bull run

>>54479648
FUCK THE GOVERNMENT SIC SEMPER TYRANNIS

no shit, that's the point of crypto

>>54479648
Arent people supposed to pay taxes when there are profits tho?
There were no profits in 2022

Nigger thats because anyone reddit enough to declare crypto was tax loss harvesting.

That's because there were no gains in 2022. Probably more tax write-offs for selling at a loss than anything.

>>54479648
based

Believe it or not, I know a reddit who made a few hundred dollars and wanted to file taxes. Topkek

>>54479764
Knew him irl? Cuz posts saying "I made $50 time to do taxes" are a literal psyop to keep people scared and out of crypto

>>54479648
Yes because everyone who paid taxes on crypto sold in 2021 and bought in 2022 or 2023. Everyone else claimed major losses or didn't sell.

>>54479648
um, IRS bros... why do i get the feeling that cryptobros arent being honest with us?

No one made money in 2022. If you want us to flood you with swaps of petty transactions and losses for you to mull over, be my guest. Here's a 100 pager from Koinly. Have a fun.

>income is taxed
>spending income on goods and services is taxed
>selling taxed goods you bought with taxed income is also taxed
>but only if you sell them for more than you paid
I hope the king Jew who came up with this bullshit is burning in hell.

>>54479784
topkek she'll be giving head for .00000025 soon enough

>>54479830

It was death by a thousand cuts. Before you knew it you'd gone from an effective tax rate of 5% altogether to like 50+%.

And they'll teach you to cheerlead them by saying any attempt at cutting taxes is "for the rich."

>>54479764
I paid taxes on $70 returns

The average cryptotard has over 100 investing transactions per day and that could be both CEX and DEX. The average wagie only has less than 10 or maybe none at all. Now imagine being able to do crypto transactions in seconds instead of waiting in line at banks and ATMs

The IRS should have seen this coming. You cant hire tens of thousands of people just to look at a few people that made 10 dollars profit from 20 transactions. It's insane. That's why they're gonna regulate the fuck out of crypto in order to harvest taxes better

>>54479831
Hey that's my sister anon

>>54479660
Nearly everything has been down for 2022. Almost everyone would be reporting losses.

>>54479876
Luckily it's all on the chain. Any large cash outs will be audited, they'll demand your wallets, trades, etc and you'll pay what you owe or go to jail. If they can't get the exact amount they'll just tax you at the theoretical top. If you kick and scream and cry about fairness just know that 95% of the country hates you for making money flipping magic internet beans and a jury will never side with you if you decide to fight back and not pay. Id suggest just having a savings account with roughly half your current crypto networth in USD so that you can pay whatever the taxman says come the time, or else I hope you like getting acquainted with Bubba in the county lock up. Toodles.

>>54479648
Reminder that they lack the resources to go after non-reporters. They will instead tackle misfiles since those are the low hanging fruit. Nobody is going to file their crypto taxes correctly. One mistakes = huge fines. And only the good goys (who actually will pay the fines) will get caught. Then they can scare the hell out of everyone with some big fat
>$64B IN CRYPTO RELATED TAX FINES THIS YEAR!!!!
Remember what you’re fighting for btw (picrel)

>>54479660
If you think they aren’t going through and subpoenaing goybase and the like and cross referencing the trades with IPs gathered by isp…

>>54480252
I would literally go to prison rather than pay them. When I come out I'll still be rich and they'll never get the money

>>54479709
i made $48,000 off NFTs. so i will be owing :(

>>54479736
I made profit in 2022

>>54479648
You cryptotards are a bunch of tards, but that's pretty based.

>>54479686
250 years later about to go full circle lol

>>54480875
>18th century: No taxation without representation
>21st century: No taxation without penetration

>>54480252
nah lol

>>54479648
Well, yeah. You get a tax break on capital losses.

>>54479660
those 10k irs agents got scrapped

>>54479784
based, also that's a man

>>54479660
the IRS will eventually screw us all, that's why we should take advantage of crypto, I'm trying to make as much profit as possible with hami and his extra tokens, it's a race against time

Im going to start using rodeo finance to lock stake arbitrum and ze feds wont be able to unlock it nor will it be in my wallet so im good anyway.
>>54479660
>bunch of normie probably boomer faggots trying to understand what a wallet even is
LOL we all can relax.

>>54479648
Good. IRS is NOT governmental institution!

Based

Buy USDOGE

>>54479648
literally doesn't matter
crypto has a perfect historical record
and it's all public
statute of limitations doesn't apply to invalid tax returns

>>54482522
Sauce?

>>54479648
Because they were losing money, not because they're based.

>>54479648
>tfw you cucked out and paid taxes because mummy got worried you'd go to jail and become the go to fuck boy
SAD!

>>54479648
Kek they’re fucking gay anyway. Just simply stop paying taxes

>>54484639
lots of reddit fags advocate paying taxes here so you know some are lurking seething

>>54480924
and representation

>>54479821
LOL HES ONLY GOT 100 PAGES OF TRIVIAL TXS
TRY 100,000 PAGES
TOTAL GAIN: $38.02

>>54480356
youll never come out then, sounds good dipshit

I REPORTED EVERY TX IN 2021 AND 2022 EVEN DOG COINS ON BINANCE CHAIN AMA

>>54479660
sure, laquansha is going to read a single ring signature and just give all her workload to pasty white boy steven just like the other 90 of her colleagues
steven quits on the second week

>>54480924
LOL

Just don't KYC and buy amazon gift cards. Spend your salary on rent/mortgage and stocks

>>54479648
>be turbo tax
>uhm yes sweatie so how much did you make in crypto last year
>zero
>oh ok.....

>Report crypto gains goy. Tyrone and Shiniqua down south, and Jewish pedos in Israel eagerly await your contribution.

Kek at my captcha

>>54485549
Damm it here it is

I have thought of a based way to approach this problem.
Develop a dapp that floods your wallet with thousands of meaningless transactions that give you +/- 1 usd in capital gains. Use this dapp in between every significant transaction. Submit your tax return as a list of these transactions, printed on paper. Intentionally make errors. You're doing it right if you submit a ~500 page spreadsheet document, double sided, of hex codes for transactions with their relative gain or loss, and half of the pages being almost unreadable due to the printer running out of ink. Intentionally introduce errors like pages out of order, coffee stains, hand written corrections and references to other pages, etc. Fuck these assholes. If they want all of my fucking transactions to be taxable they can hire an auditor for $100/hour to sift through all 78,000 of them.

>>54485631
they'll hire gpt-5

>>54485892
Good luck enforcing, I'll have my money in crypto or in thai banks

>>54485631
My tax return was 121 pages without any spoofing. Total capital gains for 2022: $29000.
I'm at +$100k so far this year so just imagine how disgusting my return will be next year

>>54479648
suck a dick kikes im never paying taxes. fund your own kike wars to ukraine

>>54480266
exactly. only a retard would file

>Do you own any crypto?
>No
Simple as.

>>54479648
>almost nobody was sent to prison for crypto money laundering
LOL - sweet consolation as your roommate, Tyrone, rawdogs your ass hard.

I did. Declared all my staking rewards, tax rate is roughly 33% I guess. Still getting money back from the taxman. I do it because I want to run my own node as a Business so I can Start deducting all kinda of expenses

>>54486268
Based

>>54479648
Working as intended.

>>54479784
she would know, having taken a freight train’s length in cock

>>54480252
>reddit passive aggressive faggotry

>>54479660
This.
99% of cryptos are traded on KYC Central Exchange platform, any important withdrawal and the IRS will be noticed.
The days of not paying taxes are over.

>>54485631
You have to add a total, they have device to process long tax reports.
They process tax returns from large companies doing hundreds of thousands of transactions each year.

Any error they find will get you the fraudulent tax return special.

>>54486744
>reddit passive aggressive faggotry
Imagine not DCAing into a slurpy savings account with 3.75% APR to pay your short term capital gains taxes on your ill begotten cryptoponzi gains. You can't "make it" if you have to worry about dropping the soap and big ole bubba sliding in his 10" of chocolate into your neg hole while waiting for your arraignment date for not paying the taxes you owe.

I had a reported loss for 2022. The folks saying they’ll go after mistakes rather than non reporters are retarded. It’s the other way around. They won’t catch shit you bought years ago and transferred 6 times but they’ll catch folks saying nope no crypto here

>>54479648
Yeah, they filed capital losses.

>>54480252
bullish for monero

>>54479648
>A new study from the Swedish tech company Divly has found that less than 1% of crypto investors paid taxes on their crypto in 2022. Specifically, the study has shown that only 0.53% of crypto investors paid taxes on those digital assets last year.
Hmmm, what's the methodology?
>Step 3: Calculating the Tax Payment Rate
>To calculate the tax payment rate, we compared the estimated number of cryptocurrency taxpayers from Step 2 to the total number of cryptocurrency investors in each country, as reported in Statista's Global Cryptocurrency Report. The resulting percentage represents the tax payment rate for cryptocurrencies in each country.
lmfao
Anyone that listens to any "twitter influencer/reporter/news/etc" is a retard

>>54480266
I've seen this image multiple times in multiple threads in multiple boards and I still haven't figured out what she is trying to spell out.
EAT?
EBT?
ERT?
What the fuck did she mean by this

>>54479648
holy fucking... based

>>54479660
>Hired

They'll all quit before the real middle of tax season. Government Burnout is a real thing

>>54479648
I didn't buy or sell anything in 2022.
suk mah balls

>>54480169
gold is up 23% over the last six months

>>54479648

>>54487216
EBT like the card they use for gov handouts to buy groceries nikka

>>54479648
crypto is outside the fiat system, you don't need to pay taxes if you actually don't want to use their money at all.


You cannot be forced to sell your crypto just to pay taxes when there is absolutely no need to use the dollar.

>>54479648
Meh could've guessed it. I've been taxes-free from almost 2 years by doing some very much illegal loopholes usage
All that sweet tax money? All towards my DEXT gains, all of them. It's growing to be quite a big stack ngl

>>54485555
double checked

>>54479648
Because none of you niggers made any money lmao

>>54484585
Is the etherium guy in the cops uniform?

>"anon, you owe 200k in taxes"
double it and give it to the next person

>>54490471
>etherium guy

>>54490572
Lool

>>54485892
For physical paper? With sticky notes and paper clips and pieces of dried gum (and cum) on it to make it harder to stick through a scanner?

>>54485401
its an AI doing it broski. guys you have to realize they have an AI doing the legwork. the new humans are there to put the legal stamp on the printouts.

>>54479648
I paid a lot.

>>54490606
That's the crazy son of a bitch! Like who actually has a cat purse?

The reason nobody is paying taxes.

1. its impossible to enforce in crypto.
2. Everyone knows the USD is about to hyperinflate anyway.

Nobody paid in the last 5 years honestly. Literally nobody is paying at all. If they go hard to enforce it then people will simply hide it more. If they crack down then all it does is make the USD even less attractive.

>>54491070
this.

>>54492734
Then you got ripped off. Because they cant enforce it anyway and its too easy to simply wait for the USD to die.

If they cant enforce it equally on everyone then nobody should have to pay. The concept of taxes is out date and does not work anymore. Its simple as that. You cant do it, it doesn't work anymore.

>>54479648
Based with grace

>>54479648
DAS RITE

>>54479648
Because most people lost money lol

>>54479648
Crypto shouldn't be a way to evade taxes though anon, but it offers users anonymity for sure and I also have eyes on platforms that enable decentralized communication in web3. Cause I see them getting bigger with adoption.

>>54479830
don't forget
>when you buy some things, you have to pay a tax every year just for owning them!

>>54485555

>>54479764
>few hundred
>pay taxes
You also file taxes on any gains. Your normoid is doing the right thing. Everyone else here is getting hunted down within 5 years as tax backlog gets burned through.

>>54498350
Kill yourself boomer thats the your state and county taxing you on your house and it's necessary to keep you from keeping it idle.

>>54486753
>kikess thinks she can beat the market
>reminded of her place and decides to pull an Esther

>>54480252
>just know that 95% of the country hates you for making money flipping magic internet beans
perhaps, but do they not actually just hate themselves for being too stupid to do it? they hate us because they aint us. driving in traffic every day like cattle to dance like trained monkeys for a boss, in order to receive just enough money to not die of starvation or exposure to the elements?

>>54485555
Ok mr satan I will report my gains thanks