/biz/ - Business & Finance

>>8872363
>http://fnordprefekt.de/
http://fnordprefekt.de/
>http://fnordprefekt.de/
http://fnordprefekt.de/
>http://fnordprefekt.de/
http://fnordprefekt.de/
>http://fnordprefekt.de/
http://fnordprefekt.de/

>>8872363
Taxes are fucking theft!

>>8872390
Try challenge the thief then.

>>8872405
https://en.wikipedia.org/wiki/French_Revolution#Guillotining_politicians

history is PROBABLY going to repeat itself

>>8872418
Just because you want to overthrow the gov over your couple of hundred sheckel does not meant that it will happen, my delusional fren.

>>8872470
lol so what do you think is going to happen once too many people realize it's "okay" to do away with people and institutions that fuck over 7.5 billion people?

>>8872538
probably something like >>8872418 if I were to guess

that's.....just the result, you know?

simple cause an effect

what's not to get?

>go to jail for not paying taxes on cyrpto
>released from jail as a billionaire thanks to being a stinky linky
What's the problem?

>>8872553
If you are willing to risk fines, hassle, and potential jail time because you are so certain a completely overthrown of the government is imminent... go for it. If nothing else, it will be entertaining.

>>8872596
I have leverage though lol

AHAHAHAHAH HE SOLD FOR CASH >>DELUDED<<

>>8872363
See, this is reason when I have 100k, I will put all that into link and get that x2 so I can pay 100k in tax and keep 100k.

lol, im smart

also, you are an idiot if you think you're gonna keep more than 50%.

Now, the workaround. When you get that 100k back to your account, instead of useing it to buy shit, put it into a decent fund with 10-20% return yearly. Dont pay taxes. After 3-5 years when they get to you or 10, just say you forgot and pay the damn fine and all other fines and go 30 days to jail with free food and time away from nagging wife, even if that. (norway)

>>8872587
The bumstab you get picking up the soap.

Just don't put the money in the bank, EZ. I will pay for my mansion and lambo with ETH

>>8872363

>implying anyone on here actually has more than 1k in shitcoins

Circumvent the bank. We are already half way there.

>>8872596

Actually going to prison for tax evasion doesn't sound so bad if your shitcoins moon in the meantime. Provided you have everything memorized, you could cash out several years later and be a millionaire

>biztards going to prison for 200$ worth of shitcoins
kek, my sides

I owed about 3k in cap gains but since I'm a poorfag I still got a refund.

feelssafeman

>>8872363

>buy monero with all your gains
>send to anonymous wallet
>in case somebody asks claim you have made some further trades and that you have made huge losses at the end of the year (just say you have lost everything on leveraged shorts or some shit like that)
>gains minus losses equals a sum that is too small to be taxed and thus does not require reporting (at least this is how shit works here in germany)
>they have to proof that you still own all that money
>with respect to computers practically all german lawyers and goverment agents are retards
>even if they were smart they would fail to disprove your story
>meanwhile you create one or more new anonymous binance accouts that you only visit using tor and send them all your monero or just hold on to it on your wallet
>wait for at least 3 years before cashing out in another country (belarus or something)
>you should be able to afford the trip by then
>if you are not rich by then you are basically retarded

Do any Canadians know which category BTC gains fall under? I've been hearing people say section 3 ( shares, mutual fund units, etc.) but is this confirmed? It shouldn't be under Listed Personal Property or something else?

>>8872363
Whoever wrote this is braindead beyond belief. Who the fuck would just send 100k straight into their bank account from crypto and not report it? That's not how you evade taxes. You make a fake binance or whatever exchange account with either a fake ID or photoshop a fake ID + the face of the person in the photo when signing up - you trade only behind a VPN and convert most of your gains to cash using that account, clean with monero and into the property ladder (buy houses and get them done up, all builders prefer cash). Pay yourself extra's with that account, they won't be questioned. Have a real binance/exchange account to your real name and pay taxes in small amounts on that one aiming for an average wage to keep them off your ass. There is so much shit you can do this guy is just a retard, if you put 100k into your bank account and don't bother reporting it then yes you're going to get fucked but then you deserve it. I want to punch the guy who made that thread, he is annoying as fuck.

>>8873427
this, only stupid niggers work at irs. if you get busted by them you deserve it

>>8872363
>GERMan is a cuck and pays for Muhammad and Tyrone
No surprises there.

>putting several thousands in your bank from Coinbase
The absolute state of taxcucks. Nobody intends to do that, you use something like localbitcoins if we're talking small sums, or you just bite the bullet, hold off until you got a million or two USD, and then you move to Hong Kong, wait the needed time (6 months, usually) and cash out there.

>b-but muh global taxation
Only a problem for Burgers.

>>8873427
Also why not use services that sell things for crypto as well?
Use crypto gains instead of fiat.
You could even resell them as well.

>>8873674
Yes, but basically it's easy as fuck because of how good crypto is getting and you have to fuck up so badly to end up paying a significant amount of tax. Any more than 20% is an abomination, and that's 20% on one exchange account. Everybody does this including celebrities, athletes, all sorts of rich people but the only ones that get caught are the dumb ones or the ones who think theyre invincible and don't do it carefully. Tax is theft because it all goes to advocating liberals and degenerates.

Pay a consistent max of 20-23% as a day trader on one account just so a bunch of retarded kikes aren't chasing you around every day. Other than that, there will be suspicious but they absolutely cannot do shit unless you are as dumb as someone who sends 100k straight into their bank, the post in OP guy must believe there are actually people who do that but I think he might be autistic.

>>8874249
>Tax is theft because it all goes to advocating liberals and degenerates.
Yea I agree.

I'm a poorfag and only have invested about $70.
I have cashed out about $300 that someone gave me into my bank.

It's under $15'000 so I don't need to pay taxes.
afaik

if we ever hit something like jannuary again, we need to cashout 500k without alerting the tax man.

Stay in crypto Tether up?
How to buy a car / house / flat / land without cashing out huge amounts?

Tax guys will still fuck you up if you posses stuff worth 200k with an income of fastfood wagecuck.

>>8872363
Only normalfags pay their taxes.
You are missing the entire point of crypto if you do it.

If you used cuckbase or some other weak knee'd bitch platform that reports to the IRS, liquidate and pay your tax. Go back into the market via local bitcoin or some non-cucked platform. Use unverified accounts to trade. Withdraw your money into an offshore shell corporation. You now are a borderless man with access to millions in an untouchable corporate account that no one can tie you to ad the proprietor.

Pay taxes with crypto is retarded. If you don't understand that crypto is a metaphor for guillotining the government then you have no idea what you are dealing with. This is bigger than all of us.

>>8874692

Finally someone with some sense.

I believe there are more people that think that crypto is a way to get rich fast (pro tip, they won't) instead of a new form of currency.

>>8874377
You don't need to worry about taxes for a long time, even if you're getting $30,000, especially in crypto. At that point, just use fake ID to get decent amounts of cash and use that when you can.

>>8875003
When you get audited and you some decent stuff but near zero bank account transactions for buying that stuff - because you paid everything in cash only (from crypto) - you will have go answer some questions.

Hide the money and have decent life under the radar or pay up 50% tax to import more great cultural enrichement and have the rest.

>>8875076
>Hide the money and have decent life under the radar or pay up 50% tax to import more great cultural enrichement and have the rest.
I'm hoping to have a homestead and get self sufficient in the future.

If I do "cash out" I'll either buy property with that cash or convert it into gold.
Don't know how I'll explain that if I go that way though.

I assume they will raise some questions if I am sold property.
Maybe I could be "gifted" or "inherit" it from the owner?

>>8872749
>I will pay for my mansion and lambo with ETH
>IRS sees you bought a mansion and lambo
>"So anon can you explain where a NEET like you came up with the money for this mansion and lambo?"

>>8875076
Taxes aren't even 50% you retard. Especially if you hold for over a year.

>>8875397
Found a gold bar with a metal detector???

>>8875138
kek bro, the first question is that youre a drug dealer

its fucked up shit. hide the money and live a low radar level life like >>8875076 said. dont be a pimp nigger

>paying taxes
just hold and cash out through private transactions for cash over time

>>8875446
>a friends gift your jury i swaer!!!!!!!!11

>>8872363
If i pay this years crypto taxes next year how much interest will accrue as penalty? 1% a month? Thats nothing

>>8875502
Maybe I found it when I was going through my deceased relatives property.
Or during my holiday in siberia.

This may sound retarded but do I owe taxes if I've lost money?

>>8875540
dude say whatever you want, but think about this

everyone that has enough money to evade taxes would do that and had the same stupid idea

>>8875574
Have they succeeded?
We won't hear about them if they have would we?

>>8875566
youd have to prove it. show tha tax man all your trades that went your acc to zero

>>8875566
No, but you still need to report it through your trade history (prove you lost money).

>>8875446
>>8875540
>Sorry anon we don't have any records of you making a sale over $10,000 for gold. You do know those have to get reported right, anon? Let me guess.... you split up your gold bar and sold it for multiple transactions unders $10,000 right?

>>8875566
Nope but its smart to report your losses because it can offset your income taxes if you weren't getting a refund and owed the IRS. Otherwise you can carry your losses forward to the next year and offset and future capital gains with your losses.

>>8875603
Yea uhh I sold the whole thing for $10'000 in cash
The assets you see here totaling over that amount was a gift for my birthday.

>>8875591
id like to your idea to be brilliant but its not. evade taxes is not as easy as biznessmen think

>>8875643
Hey look! my startup just received funding from an overseas company!
Let's hope it doesn't make any losses!

>>8872363
The UK is cucked as fuck and a shithole in most respects but the current tax laws ref crypto are very reasonable.

I'll still move abroad to somewhere like Malta or Isle of Mann for a bit to avoid paying CGT if I ever do make significant amounts though.

>>8875660
yes, a monero donation/funding scheme think it would work

but just to use the cash to the day-to-day. if you buy a lambo then you get the irs knocking on your door anyways

>>8874563
If the only thing crypto ever gains me is knowing that no matter what happens, I lose my job or or divorced or homeless. I will always have a least a small amount of money coming in for the rest of my life. Then so be it.
This can come in the form of buying things directly with crypto or giving myself a tiny bump of money every once in a blue moon.

Ill be happy.

>>8875076
Nobody will question anything, except when you decide to buy a house, car etc, when you clearly have no income to pay for that shit.

You are all so paranoid...my estimate is that 90% on this board never paid any taxes.

>>8875699
If I have money to buy a lambo I'd be starting a small business up with that anyway.
All legal there.

>>8875713
white man detected

>>8875711
I just paid my taxes this week. It sucked, but I'm glad I did it. Not trying to fuck with the IRS

>>8875749
oy veyy
is there a problem?

Taxes payed. Here’s hoping this doesn’t flag me for even more headache down the road.

Feels like a lose/lose choice here. Either I worry about the taxman chasing me down in a few years, or I worry crypto gains flags me in the system and I get the DEA or someone crawling up my ass looking for drugs and not listening when I tell them I bought crypto on Coinbase and sold a 10th if it when the price jumped 10 times.

>>8875770
kek
>>8875754
>OJGxTAkA
i guess whos behind this post

>>8875003
how to cashout with a fake id?

>>8875754
I wouldn't either. So fucking scared from jail. I am a good guy and i will pay my taxes in time including a tip for the good service.

>PS: fuck this honey pot

USfags, IRS has contracted with specialty tech firms to make sure they get every crypto cent. think of the roman tax farmers. crypto gainz are gonna get farmed 7 years retro. interest and penalties accrue from date of noncompliance; accounts and assets are frozen.

the first indication that you are screwed will be when you go to pay for your booze with your debit card and it's declined. the action letter will arrive shortly thereafter. it will change your life.

please if you owe taxes pay them. its not worth the drama.

>>8875945
>please if you owe taxes pay them.
t. IRS kikes

>>8872363
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Trade crypto for gold (asset to asset trade, same as trading BTC to ETH). No liquidation to fiat, so no taxable event. Sell gold 0.10 under spot. Do your taxes and claim capital loss.

>>8875945
Good luck breaking monero and peer to peer trades on localbitcoin

>>8875415
over 100k it is 50%
Cash cashing out 500k with all the tax brackets sums up to 45-48% over all.

IF! you hold for a year.
Cashing out in jan would have given me 700k which was under 1 year hodl.

Here you have the situation.
How to cash out such an amount without paying tax.

>>8876007
And what are you doing with 10kg of gold?

>>8876026

I traded assets for it. Sold it at a loss. Horrible investment decision on my part.

Wait a second, what the fuck do I have to do in my situation

>bought in decembre and january
>currently down 50 % from my initial investment
>plan on cashing out next year or 2 years

Do I still have to pay taxes now? I never had to do taxes before so I dunno what I'm supposed to do.

>>8876114
Did you do any trades before January?

>>8876114
You still have to pay taxes on your current portfolio value. Better hurry up otherwise the fines will kill you.

>>8876060
Clever sir. Shit happens

>>8872470
We memed trump into the presidency, and we can destroy EVERY government we want to.

>>8872363
Fuck off, kike. Your days are numbered.

>>8872418
>history is PROBABLY going to repeat itself
Well yea, if (((they're))) still in control.

>>8876135
Yes, I bought a few in dec.

Fudge, I'm boned, but it's thankfully not a lot of money I put into this.

>>8875945
>accounts and assets are frozen.

In seven years I wont be using fiat directly anymore. Not even larping, all I need is a couple features and some decent dapp support.

Its not even because I want to avoid taxes either. I just want to be able to exclude as many middlemen as possible for content creation.

>>8876223
I meant besides initially buying them. If you didn't trade them for other cryptos while the price was higher than ur good. Keep in mind they tax crypto to crypto trades.

YOU'LL NEVER TAKE MY LINK NODE.

>>8876282
What I did was:

>buying Bitcoin with cash (obviously) and then trading them for alts immiadately

So I am fudged

>>8872940
>you could cash out several years later and be a millionaire

Taaaaaaaaaxes, you need to pay them.

>>8872587
when you get caught you not only go to jail but you have to pay what you owe plus interest. bye bye linkies

>>8875811
When the IRS panics because they cant control crypto they might try to make it illegal and that means people who honestly reported taxes on crypto will be forced to give up their keys.

There is literally no correct choice right now. This can go either way.

The one thing that bothers me about this entire thing is the idea that the IRS will try to get more than you ever made from you. I cant get around this no matter how I try to rationalize it.

Maybe its time to stop paying.

>>8876470
A lot of people are forced to pay more in taxes than they even have as a whole now after the crash.

Pay your taxes for internet money which you don't even have anymore after the crash or go to jail.

>>8876445
>because they cant control crypto
They dont need to control crypto.
They just need to control the fiat exits/entries. Good luck cashing out your dollars on localbitcoin.

>>8876382
Yeah that's reportable.

Jokes on you I'm at a loss. I'm deducting this shit

>>8876512
Yeah I think this is genuinely a last straw situation. I am fine with people paying a percentage of their gains. But being forced to pay more than they have?

There is simply no justification period. I cannot get my head around this. It doesn't matter what the circumstances are.

That's blatantly fucking wrong. Its disgusting and highly fucking immoral.

>>8876532
>Jokes on you I'm at a loss. I'm deducting this shit
Thats fine, thats what it is there for.

>>8876522
>They just need to control the fiat exits/entries.
fair enough, but they can't control that forever either.

>>8876570
They dont need to. Take random samples and set examples for the biggest evaders and the whole market crashes back into 2012-levels again anyways.

Crypto is by far not mature enough to get widely accepted.

>>8876551
It's because barter is taxable. Let's say a colony of amish people decided they want to disavow the use of dollars and only do trade in precious metals or trade chickens or corn or whatever. The government literally wouldn't let them. They would get taxed on the market value of those things when they trade or pay each other and be forced to acquire government fiat to pay the the taxes.

>>8876633
isn't that corrupt?

>>8876615
>Crypto is by far not mature enough to get widely accepted.

All it takes is one dapp that gets a million + users and you are done. current day crypto depends that people give a shit about using it as money. A Pokemon Go where the pets are worth actual money is like a crypto trojan horse for the population.

Adoption will occur when nobody even knows they are adopting it.

>>8876633
>It's because barter is taxable.

Yeah sure. But barter can only exist with physical goods.

You cannot barter configurations of ones and zeros. You can pretend to barter them. Its a conceptual level where the rules are not solid in any way shape or form. The coin itself does not exist. Its a concept.

The only way to tax digital goods effectively will be to make it so you pay a tax on every transaction directly. Otherwise its super complicated and people can just keep changing the rules and adding no functionality until the end of time. Which is already a problem. I have multiple ideas on future systems that will just make this a nightmare and I cannot tell you the difference between evading or avoiding taxes because the nature of the changes are not just utilizing the conceptual rules provide by the medium in the first place.

>>8875688
Yea that's not how tax laws work. You can't just move away from the UK without getting taxed on your assets first.

So I have a dumbass question:

When I do my taxes, what value for my crypto do I show'em? I mean, the value of my portfolio has been at 3000 in January, at 4000 in February and is at 6000 right now.

What do I tell them? Next month it might even be higher.

>>8876840
January first

>>8876751
It is not that I disagree with you on that.

But we have significant problems to solve, which is why I say "not mature enough". It starts with the conflict of scalability and centralization, goes over to the dust problem and ends with the general problems of decentralized development, as this tends to be veeeeeery slow.

Another option would be a "Mr. Robot"-like crash. Which is impossible to do in reality, as the amount of failsaves is tremendous.

>>8876840
It's hard to estimate just from overall portfolio value because it's more complicated than that. The taxes have to be calculated on a trade to trade basis for each coin. Just because your portfolio is worth a certain amount at a certain time doesn't necessarily mean it's all taxable. It's taxable if a lot of coins you traded has a fair market value that exceeds the cost basis at the time of trade. It's nearly impossible to figure out without bitcoin.tax or cointracking.info Which is why the makers of those tools are probably unbelievably rich right now.

>>8876861
And all the coins that I bought after january first are for the next year then?

Sorry for the dumbass question, but because the shit wage my job pays me I never had to pay taxes.

One of the few good things about being a poorfag

>>8876921
Yeah, I'm using cointracker for everything right now, it's really helpful and I have everything noted down as orderly as I could.

Thing is, here in Germany you can cash out tax free if you hold for a year (even the cointracking website tells me that) so I am a bit surprised that I am supposed to pay taxes this year even though I plan to cash out in 1 or 2 years.

>>8876963
It might be because when you traded BTC for alts, that counted as a short term gain. Any additional gain you get from hodling the alts for over a year should be tax free then.

>>8876193

We can't even get shia's flag from a fucking roof in nantes. Weaponized autism is absolutely overrated.

>>8876223
you can deduct what you pay in taxes in the future from any source of income. it carries on indefinitely. so the taxes won't screw you over, you'll get that all back.

>>8876963
>Thing is, here in Germany you can cash out tax free if you hold for a year (even the cointracking website tells me that) so I am a bit surprised that I am supposed to pay taxes this year even though I plan to cash out in 1 or 2 years.

Need to write a bit in German, as many misconceptions are flying around there.

Achtung: sobald du anfängst zu traden, geht diese Frist für die Menge an BTC/LTC/ETH/whatever wieder von vorne los.
Beispiel: du kaufst zwei BTC, tradest mit einem BTC 6 Monate lang Altcoins und den anderen hälst du im Wallet. Der eine BTC den du im Wallet hast, der ist steuerbar (also unbedingt angeben), aber steuerbefreit (wichtiger Unterschied). Das, was du mit dem anderen BTC gemacht hast, "ruht" erst ein halbes Jahr und wäre dann zum Zeitpunkt des auscashens also voll steuerbar nicht steuerbefreit,

>>8876906
>It starts with the conflict of scalability and centralization

The bare minimum amount of decentralization needed is to have it where no entity is capable of controlling the network. Basically the IRS being able to freeze you assets or methods to block transactions ect.

If you have it so that the IRS is cucked then that establishes the bar. I think that is actually quite achievable.

>>8876932
The moment that last year ended is all you need to be worried about for taxes this year. The coin could have gone up a billion USD in January but it wont matter if you hodled at that point.

>>8877065
>I think that is actually quite achievable.
The bare minimum for this to happen is widespread adaption, which cannot happen without scaling in dimensions we are far, far away from. As long as fiat is involved, the IRS or any other authority can do what I described in the original post - buttfuck you without lube.

>>8877054
Yup, I've read about everything in this regard.

That's why I've only

>bought BTC and then traded for alts IMMIADATELY

Because that way, the actual PROFIT that I make and that need to be taxed are minimal.

Bought my last alts on 2nd april, so on the 2nd april of 2019 I could cash out everything tax free.

>>8877130
>Yup, I've read about everything in this regard.
Good for you, nice to hear.

>>8877108
>The bare minimum for this to happen is widespread adaption, which cannot happen without scaling in dimensions we are far, far away from.

Like I said, widespread adoption will be when we see a dapp boom. dapp boom will also cause a massive explosion of new ideas and functionality. We will also see a massive boom in complete garbage too.

A dapp boom is coming very soon and its going to be a bubble just like all of the others. And literally everyone will have crypto once that happens.

> As long as fiat is involved, the IRS or any other authority can do what I described in the original post - buttfuck you without lube.

Yeah but they will continue to lose power. If they cant freeze my money then its almost game over for them. They are forced to immediately resort to violence.

>>8876445
I’m not worried about that. We’ve got bigger problems if I can’t write down a cryptographic key. Like other people have said, they’ll go after the fiat gates before they try and take out the small fry.

>>8877198
I think we disagree on this.

>>8873427
I'd love to see you buy a house anywhere in the world with fake ID.

We'll wait.

But I'm not an Amerimutt desu

>>8877250
I am leaning very heavily in the direction that dapps are going to become a massive bubble within the next couple of years and its going to be very disruptive for a lot of entities. And with dapps will come privacy dapps which will be a completely new situation. suddenly people wont think of crypto as "coins" anymore. It will just be dapps or crypto some new name that doesn't exist yet. And its going to spawn both the most brilliant concepts ever and the dumbest garbage as well.

I say in two years and we will begin to see it starting up by EOY. The IRS is going to be completely helpless in the face of this paradigm.

Screen cap.

>>8877380
>The IRS is going to be completely helpless in the face of this paradigm.

Feel free to screencap me on this, but this will not happen.

>>8875138
Inheritance has rules and laws surrounding it, if you want to claim you inherited something, you'd better have a death certificate and a will to show. Gifting is an entirely different set of rules, and there are laws on that, too - the person giving the gift needs to show where they got the gift, or they're on the hook for evasion. And, there are limits to gifts, tax-wise.

This is how I can tell most of you are little kids, probably larping from high school classrooms, because none of you have any actual working experience with the adult world. You seem to think the authorities have no clue anything like this occurs, and that decades of law have not been written to address it.

Threads like this talking about tax evasion and money laundering are about as factual and meaningful as incel threads about having sex - neither is reality, and neither will actually happen.

>>8875660
Tax Man: "Wheres the paperwork for this funding?"

Confirmed that you're all teenagers larping as adults, this is all "Those fascists want to take my PRECIOUSSSSSSS".

You gotta pay your taxes, kiddies. Or elect politicians who will change the tax laws.

Have HMRC ever said specifically that crypto to crypto is taxed? I only see plebbitors claiming it is.

What happens if I received a total of 2-3 btc in donations from anonymous people when btc was worth around $1000?

I don't have to report donations, especially such a small amount. In that case, when I go to cash out in a couple years, and report and pay taxes on that cash out, will they buttfuck me for not reporting the anonymous donations as income last year?

>>8877417
done, It will be fun as hell to ride the incoming wave and I have some bucket list items I want to check off.

I want to force tax accountants to have to itemize every action of the most lowly NEETs on earth. I want them to pour over every dragon and slime ever murdered. I want the IRS to come after 8 year olds with bombs and guns for killing slimes outside of the started city. I want the IRS to have to track down every person who recorded his own fart and made mad gains using the "I recorded my farts" dapp.

Fun times ahead!

>tfw you had such a buildup of losses from stock trading in previous years that you were able to fully declare your crypto earnings this year and not owe any taxes on them

HAHAHA THOSE LOSSES DONT HURT SO BAD TODAY

>>8872363
Tax laws are too unclear. Im not reporting til they become more clear in 2018. Havent cashed anything out to my bank account.

>>8876007
Gold sellers, including the ones who do crypto to gold sales, have the same reporting obligations that physical gold sellers have. They state it on their terms of service page, and it's easily Googleable.
The governments of most countries have been writing and supporting laws to help track and find laundered money, to track terrorists. They're 5000 steps ahead of your lame, teenage dreams of tax evasion and money laundering. You have no idea what forensic skills they can bring to the table, cheaply and easily, to nail you to the wall. I have a relative that works at the IRS, mid level, and they don't even really know what they're capable of, it's all under extremely tight wraps.

In about a year, it's gonna be very entertaining here, with "HOLY FUCK I GOT A LETTER FROM THE IRS" posts start showing up. Hint: the IRS loves to make examples of people, to scare everyone else. Don't be the example.

>>8877583
>I have a relative that works at the IRS, mid level, and they don't even really know what they're capable of, it's all under extremely tight wraps.

So basically nothing?

>>8876470
The IRS can only do what they're directed to, by law. Congress writes those laws. If you want to change how much the IRS takes, talk to your congressman and senator, they're the ones in charge here.

>>8877620
>Congress writes those laws. If you want to change how much the IRS takes, talk to your congressman and senator, they're the ones in charge here.

> Write a dapp that makes it possible for more people to be able to run for congress.

The borg is coming for you

>>8877608
>So basically nothing?
If you want to motivate a governmental institution, say that there is money to make.
So "nothing" is not the word to use here.

>>8877525
The donation itself is not a taxable event. Selling the donation most likely is. Since donations are usually cash, the recipient just accepts a gift, and then spends it. (The IRS most of the time will accept this, but there are cases where they tax sizable donation pools, like GoFundMe). You got a donation of an asset - accepting it has no tax event for the giver, or you. But selling it changes it from a gift, to a tax event, in conversion.
The bottom line is, no matter how you get there, cashing out crypto is a tax event, no matter what. You need to elect politicians who will change the tax laws to change it.

>>8877556
This won't fly. The tax laws are pretty fucking clear, and hoping for another tax reform bill before 2020 is a pipe dream.

But you keep thinking the IRS will go "Oh, you're protesting, that's like totally cool, dude."

>>8877608
The IRS hires people smarter than all of us, routinely, to track people like you. Assuming they don't do anything, that's how a child would think.

>>8877681
You know, I'm not even mad, but shove your Trek/Nazi memes up your ass. If all you can do is post "THU JOOZ" memes, you've pretty much lost at life.

>>8877821
Yup. I literally wrote checks totaling 35k today for taxes.