TAXES YAY

[Anonymous No.21994501]

Can I buy crypto via an exchange in the US and then move to, say, Portugal and cash out there to avoid taxes?

Anyone with any experience with this?

[Anonymous No.21994579]

Yup everyone is starting to do it

[Anonymous No.21994629]

>>21994579
I have parents that may be retiring there actually so they could just open a coinbase account, I send to their wallet, they cash out I buy them lunch and everyone's happy? I'm just wondering if the IRS is still going to fuck me somehow.

[Anonymous No.21994740]

>>21994629
>>21994579
>>21994501
IRS is going to fuck you bloody

[Anonymous No.21994867]

>>21994501
IU, I...

[Anonymous No.21994900]

>>21994501
Imagine being a fag millennial and finally learning about the horrors of us global tax system after its too late.

kys fag. still support bernie?

[Anonymous No.21994924]

just buy goods online with bitcoin then sell them for cash. electronics and precious metals maybe.

[Anonymous No.21994965]

>>21994924
Wow anon are you some sort of genius? I bet the tax jews will never notice

[Anonymous No.21994968]

>>21994501
There is nothing you can do if you bought them in the US. If you move to puerto rico you have to pay taxes on ehatever you had before you moved there. If you move to a foreign country as a US citizen, the US will still demand taxes from you. If you give up your citizenship they will still make you pay an exit tax.

[Anonymous No.21994973]

>>21994579
Please tell me more.

>>21994924
Is this something you have done?

[Anonymous No.21994978]

>>21994629
You just need to say good bye to your US citizenship

[Anonymous No.21994983]

>>21994501
No, the rich must pay their fair share.

[Anonymous No.21995006]

>>21994501
Just do it. The US government is a service corporation and has no power over you than a McDonalds or a Taco Bell.

[Anonymous No.21995042]

>>21994900
You have no idea what you're talking about but okay.

[Anonymous No.21995052]

>>21994501

I've been researching places for over a year. I've found the 2 best places imaginable. One of them is if I REALLY make it (10MM+). The other is (3MM+).

I'm not going to support BLM and the death of the white race by paying hundreds of thousands of dollars to the Divided Kike States of America.

[Anonymous No.21995057]

>>21994501
You need to move there, become a citizen, and wait for like 1 year. On paper... Under one year and your holding assets from US overseas. Over one year and youve invested in the us, as a citizen of a decent country

[Anonymous No.21995070]

>>21994983
everyone's fair share is $0

[Anonymous No.21995111]

>>21995042
ok bernie bro

[Anonymous No.21995129]

>>21995070
Roads, schools, and welfare wont pay themselves.

[Anonymous No.21995143]

>>21995042
says the one who's asking a basic tax question but okay

[Anonymous No.21995145]

>>21994978
What about a dual citizenship? Do you have to revoke your US citizenship?

>>21995052
?

So dual citizenship will work?

[Anonymous No.21995147]

>>21995042
sorry fren. a better option is to do puerto rico...no need to renounce citizenship, only live on spic island for a few years

[Anonymous No.21995173]

>>21995129
Huh .. Yes they are / will be.
Heard about businesses ? customers ? voluntary exchanges ?
Fucking commie

[Anonymous No.21995177]

>>21995145
>So dual citizenship will work?
Not for US citizens, no.

[Anonymous No.21995183]

>>21995111
That's what I thought.

>>21995143
It's not basic. Tax laws are stupidly complex and nuanced. Why don't you enlighten us if it's so elementary?

[Anonymous No.21995240]

>>21994501
The IRS is the only tax collector on the planet that chases US citizens to other countries to get them to pay up, so ya, you're probably fucked

[Anonymous No.21995254]

>>21995183
I answered your question >>21995177

[Anonymous No.21995276]

>>21995129
roads should be paid for from the users via tolls
schools should be paid for by the parents
welfare shouldn't exist

[Anonymous No.21995330]

>>21994501
Just subtract what you'll have to pay in taxes from. your gains and pretend that you don't actually have that money. I believe it's called a cope.

[Anonymous No.21995465]

>>21994501
Pay your taxes.

[Anonymous No.21995482]

>>21995276
And the kids whose parents can't afford tuition / food should just 'pull them selves by the bootstraps' right?
Pay your fair share like everyone else does instead of searching for offshore tax loopholes.

[Anonymous No.21995624]

>>21995482
Oh I definitely want to support a system that gives money to people who hate me for being someone I couldn't chose. Yes.
I should act against my own survival.
Do you realize the amount of regulations we have been adding every year? Has it made anything better? No it didn't. Stop sucking the governments' dicks.
I'd personally give money to support those families. BUT THE GOVERNMENT TAKES AWAY 40% OF MY INCOME. ADD 15% OF VALUE ADDED TAX ON TOP OF IT. HOW THE FUCK DO YOU WANT ME TO HELP ANYONE?
Fuck off idiot

[Anonymous No.21995770]

>>21995624
> Oh I definitely want to support a system that gives money to people who hate me for being someone I couldn't chose. Yes.
Back to >>>/pol/ with that alt-right nonsense.

[Anonymous No.21995853]

>>21995240
no. china and vietnam also tax on global income.
basically the hardcore commie states.

[Anonymous No.21995890]

>>21995770
So I'm alt-right because I support proven facts? Shit, alright then, guess I am.
Open your eyes; stop defending them.
What are you doing on biz anyways?
Since you're a commie, why are you chasing wealth?
Shouldn't you be thinking of other people and not of yourself?

[Anonymous No.21995935]

>>21994968
This is the reality for any US anon. Start your plan NOW. You've already run out of time for PR in 2020 because theres not 6 months left in the year, but 2021 PR is still an option. Plan on moving to PR as soon as you can in 2021. All gains you make AFTER arriving in PR are tax free, provided that you stay there 6 months out of the year and are a resident (you need to severe all ties to previous state). You also will pay on all gains you made PRIOR to arriving in PR. personally, this is my plan as it is the ONLY option as a burger to avoid maximum tax. If you cannot or do not want to go to PR, there are more risky options. You can cut your taxes in half by buying into Conservation Easement funds. Your CPA and the IRS will scream at you not to do this, and it is higher risk - but that doesnt change the fact that it works. If you buy into a CE, you expect an audit and a 7 year time horizon where you have the IRS looming over your shoulder - but it WORKS. There are rumors of upcoming legislation making CEs more IRS friendly, but again, it is high risk. I know this field intimately and can tell you this is how the rich avoid taxes. Trump and Ted Turner used CEs to avoid taxes and rich people use them ALL THE TIME. Considering the risk you have already taken in crypto, CEs are nothing - but it terrifies the average person and good boi CPAs.

That being said, NOTHING will provide you the tax benefit that moving to PR has. If anyone is really interested in learning more about CEs I can provide additional information. I should note that you need to be earning in excess of 300k for CEs to start to make sense for you.

[Anonymous No.21996024]

>>21995935
I'll monitor this for around 15 minutes and answer any CE questions.

[Anonymous No.21996026]

>>21995147
But Puerto Rico is so shitty :(

[Anonymous No.21996069]

>>21995624
In Europe people pay even MORE in taxes, and yet these countries are consistently ranked as being "happier". Read up on this, it's fascinating. In the US there is an incredible divide between the rich and the poor, the wealth gap.

The only thing that creates wealth? Wealth. Look at the dollar over the years in terms of it's devaluing nature. Look at the inflation that's happening now. The lower classes that are financially unsophisticated continue to not invest and remain in cash as the value of it slowly bleeds out. Meanwhile the rich invest and get richer.

It's not as simple as democrats bad, republicans good. That for the indoctrinated chest beating morons that treat it like sports. There is actually very little difference between them because they're not in charge. We're not living in a democracy, we are living in a plutocracy. Corporations run the world. Corporations make the money. They pay basically no taxes because they can.

You can't have a libertarian society because the govt aren't the bad guys. Everyone is the bad guy. The corporations are bad and the govt. If you take away governmental power, the corporations move in and take the power. You think corporations are your friend? They don't even pretend to be interested in society, they literally live and breathe on making as much money as is possible.

TLDR; it's not black and white

[Anonymous No.21996084]

>>21995276
how to collapse a nation's future 101:

[Anonymous No.21996125]

>>21995935
there are other ways to legally reduce tax burden. if you are willing to tie up funds for 10 years you can use trump economic opportunity zones.
these work well if you already have a biz or willing to start one. the 10yr issue isn't as severe as it initially seems if you are paying yourself a salary from the existing biz anyway...

[Anonymous No.21996187]

>>21995935
What about Portugal, or what other countries would be viable?

[Anonymous No.21996220]

AS A US CITIZEN YOU HAVE SOMETHING CALLED WORLDWIDE TAX, SO NO MATTER WHERE YOU GO YOU HAVE TO PAY TAX

[Anonymous No.21996351]

>>21996187
As a US citizen it is not an option unless you renounce your citizenship and as others have already said, you will need to pay your taxes owed on the way out. PR is literally the ONLY place on earth you can go as a US citizen and pay no taxes legally on gains. Portugal is good for some Euros i suppose

[Anonymous No.21996498]

>>21996187
I would also say that some politicians are looking at the PR loophole. AOC wants it closed and wrote a letter about it. The window is closing and there's a chance that 2021 will be the last year you can exercise the option. IF Dems win this year then it is more likely it will close. As I said before, as someone with actual knowledge in this space, if you expect to have more than $1 million this bull run, then make your tax plan NOW. For those interested in CEs - the funds can fill quickly but theres normally a surge of new funds opening in Q4 - so that can be your plan if you take gains this year provided you can find a fund.

[Anonymous No.21996555]

>>21996498
OK, I'm out. For those interested in CEs, look at a company called Green Rock based in Alabama or Sandy Bay in Florida - those are two of the more reputable sponsors. Some of these funds will actually pay you distributions like a traditional RE Fund. Good luck.

[Anonymous No.21996813]

>>21994740
with what? their three employees that about to stop getting paid?

[Anonymous No.21996828]

Do you guys buy your crypto on p2p exchanges and deposit them into a non KYC exchange? I'm trying to figure out a decent method for buying either XMR or BTC anonymously to do this. Living in Jew York makes this difficult since every BTC atm I've looked into requires ID verification for legal purposes. I imagine that information is logged and can be used by the IRS for auditing. It's so shitty that even exchanging crypto to crypto is a taxable event. Why is burgerland so cucked god dammit.

[Anonymous No.21996890]

>>21996069
>In Europe people pay even MORE in taxes, and yet these countries are consistently ranked as being "happier".
Look at how the taxes are being used and compare it to our side of the world. It's vastly different.
>In the US there is an incredible divide between the rich and the poor, the wealth gap.
I'm fully aware. And to add to this, in the world, there is an even more incredible divide between the rich and the poor, the global wealth gap.
>It's not as simple as democrats bad, republicans good.
I'm on neither side, I hate that there are only ever two options. It turns people tribalistic; basically >That for the indoctrinated chest beating morons that treat it like sports.
>We're not living in a democracy, we are living in a plutocracy. Corporations run the world. Corporations make the money.
Did I say anything that denied that?
>The only thing that creates wealth? Wealth
>You can't have a libertarian society because the govt aren't the bad guys. Everyone is the bad guy.
So we should tax the common people to take their money away from them so they can be wealthier? You're contradicting yourself anon.
>TLDR; it's not black and white
The self importance in those paragraphs is seeping out.
Shoo, shoo, stop assuming my politics and back to plebbit

[Anonymous No.21997194]

>>21996069