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23769994 No.23769994 [Reply] [Original]

I am NEVER going to pay taxes on crypto. The IRS can FUCK my DICK.

>> No.23770022
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23770022

based as fuck
all mail i get from the irs goes straight into my local dumpster

>> No.23770074

fuck that shit. as long my taxes continue to help the homeless and rehabilitate them, I gladly pay up

>> No.23770096

holy shit what an absolute pinnacle of manhood
fuck the IRS and fuck those welfare leeches

>> No.23770097

the IRS can feed & seed my sneed

>> No.23770108

>>23770074
If by help the homeless, you mean bomb the middle east, sure thing.

>> No.23770125

>>23769994
How do I avoid paying tax on crypto?

>> No.23770172

>>23770125
instead of cashing out to fiat, cash out to stablecoins and use those to pay for things. Only cash out to fiat a little at a time when absolutely necessary.

>> No.23770197

>>23770172
>he doesn't know crypto to crypto is taxable

Fuck me nubiz is getting worse. You will all pay your taxes or you'll go to jail. It's easy to talk big when you never breach cgt threshold.

>> No.23770270

>>23770108
Don't forget the daily millions for Israel, fundamental step for helping the homeless

>> No.23770289

There’s no way to not get pounded in the ass in prison unless you renounce your US citizenship

>> No.23770297

>>23770074
your taxes go to fraudulent elections, pay up

>> No.23770321

>>23770125
You lock the price on your trezor during IRS exempt hours. They have a schedule on the IRS website

>> No.23770323

>>23770197
Don't listen to this retard if your a poor fag. No capital gains taxes if you make less than 40k a year. You also don't need to report shit, not paying taxes is illegal, not paying taxes you don't owe is legal

>> No.23770335

>>23769994
better not use any public services then, leech

>> No.23770358

>>23770323
that's only for long term capital gains you retard

>> No.23770367

>>23770270
the homeless wandering tribes of israel

>> No.23770371

>>23769994
noninvesting /biz/ lurker here. Finally have a stable job, so I can throw in something to crypto. I got this close to putting in a few grand in march, though in hindsight, I'm making enough that it doesn't matter.

Soooo, it looks like I won't be able to use bitmex because KYC. Are there any options left? Will I have to join the rest of the normies on coinbase?

>> No.23770392

come to germany my friends
no capital tax after one year hodl

>> No.23770409

Anon above is right.

Simple solution to not get taxed on your crypto
Don't hold a job which will reduce most anons income to 0. Most of you don't have jobs anyway so this step is easy.
Reduce your living expenses to under 40k a year and cash out only 40k a year of your crypto. Pay no taxes on capital gains because you're under poverty level
Ez.

>> No.23770414

>>23769994
Dangerously based
>fuck my dick
That reminds me when I browsed that parts of 4chin that you should never browse

>> No.23770422

>>23770409
Your solution is to be poor?

>> No.23770430

>>23770335
>>23770074
look at how much the US spends on military and money to rich boomer faggots who are literally NEETing and making zoomers pay for their vacation.

>> No.23770436

>>23770074
Dude I wish the homeless were fucking dead.

>> No.23770445

>>23770422
move to puerto rico.
Instead of taxes, you give like 10 or 20k to a charity and you pay zero in capital gains. this means you can cash out 1 million and pay 10x less tax. Also PR is a US territory meaning you don't need to renounce your citizenship or anything

>> No.23770451

>>23770125
Never cash out

>> No.23770493

>>23770409
you're a complete moron. federal poverty level for single person with 0 dependents is like $12k a year, look it up. the threshold to file a tax return is about $12k as well.

>> No.23770556

>>23769994
>start a consulting company
>accept crypto payments
>issue invoices to "client"
>pay "client" invoices from your crypto
>use company accounts to make "business expenses" (e.g. laptop, "office" rent, "office" furnishings, "work" travel)
>write off "business expenses" at tax time
>pay no company tax
>pay no tax
>no tax

>> No.23770593

>>23770556
any money you pay yourself (salary, distributions, etc.) would be taxed.

>> No.23770626

>>23770451
This. Just put your money into bitcoin and ethereum and don't cash out until it hits an insane number and even then? Fucking hold. Eth will never fall below 300 again. Bitcoin will never go below 12k. The volatile dips will still happen most definitely but those dips because previous all time highs.

>> No.23770640

>>23770593
dont pay a salary, own shares with the intent if distributing profit. you dont need a salary when the company account is your slush fund. Trick is to never make a profit on paper.

>> No.23770646

>>23770593
And this is why business owners pay themselves a measly salary

>> No.23770662

>>23770640
This nigga knows what’s up. S Corporations fucking rock. Trump let me depreciate the entirety of the “work truck” I bought two years ago.

>> No.23770691
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23770691

>>23769994
BASED
but
In all seriousness if you have over 10k in crypto on an exchange just pay the 15% capital gains taxes on your total profits (not for every trade that's unnecessary and dumb) next time on taxes. If you hold <$10,000 literally nothing will happen if you don't pay taxes. That's the minimum I've been paying and I haven't had any problems with the IRS. Currently my portfolio is only worth $24,000 but in 2017 I had $55,000 and never had any problems. Of course it was all on Bittrex and I don't think they were reporting shit back in 2017, only Coinbase was.

>> No.23770713

>>23770074
Your taxes contribute to make more homeless

Wtfhappenedin1971.com

>> No.23770739

>>23770451
This bitcoin already has lower inflation than fiat currencies anyway

>> No.23770789

How will you achieve that?

>> No.23770801

>>23770125
>>23770556
>>23770662
similar in aus.
>From 12 March 2020 until 31 December 2020 the instant asset write-off:
>threshold amount for each asset is $150,000 (up from $30,000)
it does take a couple thousand dollars to set up the company, but once organised, you're good. just always make sure to stash assets out of reach of the tax man. just in case. Dollars in a tax haven, BTC in cold storage, and gold in safety deposit

>> No.23770811

I cashed out $75k in crypto gains on January 2018 and never paid taxes. How fucked am I? The money stayed in my checking account for only a few days because I used it to pay off my student loans.

>> No.23770824

>>23770691
>buy link when it was .40
>link hits 1k eoy
>take a (((loan))) with my link as collateral
>use (((loan))) to buy house and vanguard ETFs or whatever other passive income memes are popular
>make minimum payments on (((loan))) using passive income
>only (((taxed))) on passive income and house, completely avoid tax on crypto millions

>> No.23770830

>>23769994
They will

>> No.23770839

>>23770640
shareholder distributions are taxable at one point or another.

>> No.23770874

Money is only a means to an end. If you dont cash out, congrats you have free groceries for the rest of your life. I want a house though.

>> No.23770877
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23770877

>>23769994
good thing i been holding for 3+ years and my income is poverty level. i won't need to pay a dime.

>> No.23770906

>>23770197

How the fuck they going to know my random metamask wallet and my cashing out via bitrefill giftcards on a burner email? Fuck you.

>> No.23770921

>>23770335

Income tax was 1% when it started. Kill yourself, nigger bootlicker, these faggots have enough.

>> No.23770933

>>23770824
Is this not taxable am I thinking about that right? You deposit your crypto as collateral and get USDC which you send to coinbase to cash out. You never sold your coin so you don't owe taxes on that money...

>> No.23771015

>>23770409
in finland you can only have capital gains of under 1k a year before they tax you 30%
34% over 30k capital gains

>> No.23771100

>>23770691
>Of course it was all on Bittrex and I don't think they were reporting shit back in 2017, only Coinbase was.
i had a bittrex that i traded on in 2017 where i assumed all crypto was like-kind exchange
is there any proof bittrex doesn't snitch? i went to check on my account after 2 years and when i tried to log in they asked for my social security number so i nope'd out

>> No.23771108

>>23770921
go live in the mountains if you don't want to pay into the system you live under

>> No.23771153

>>23770811
if you ever get audited you're fucked

Do you have the trading history

>> No.23771190

>>23771108

I'm fine to pay a reasonable amount. It's long gone being reasonable.

>> No.23771303
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23771303

>>23769994
a god among men

>> No.23771354

>>23770824
big fan of using assets as collateral to draw liquidity. for crypto i use celsius

>>23770839
you only pay a distribution if the company reports a profit for distribution.

>> No.23771617

use flame.exchange, no kyc

>> No.23771633

>>23770074
this post took an unexpected turn

>> No.23771648
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23771648

>>23770367
keked

>> No.23771650

>>23770921
Based

>> No.23771659

>>23771108
Is the slave morality is strong in this keynsian

>> No.23771662

>>23770125
buy physical gold with crypto
sell physical gold for cash

>> No.23771695

>>23770392
seems to good to be true

>> No.23771828

>>23771662
then you are being taxed on gold

>> No.23772052

>>23769994
Same fuck them.

>> No.23772083
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23772083

>>23769994
Exquisitely based

>> No.23772284
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23772284

>>23769994
There has been too much violence, too much pain.
None here are without sin, but I have an honorable compromise: Just pay your taxes.
Cash out your crypto, get an accountant, print out your info from exchanges, report all your gains, and I spare your life.
Just pay your taxes. I will give you safe passage in the threads.
Just pay your taxes and there will be an end to the horror.
I await your answer. You have one more post to decide.

>> No.23772318

god speed mate

>> No.23772477

>>23770074
> anon is clueless

pajeets will take over your country now. you will pay IRS to feed their village

>> No.23772651

I am trying to maximize my gains with injective protocol. fck taxes, never going to pay any on crypto!

>> No.23773425

Fuck taxes all my niggas hate taxes

>> No.23773489

>>23770172
how can you use "stablecoins" to pay for things?

>> No.23773502

>>23771662
why not just sell crypto for physical cash?

>> No.23773943

Here are your best chances

1. move abroad. Preferably drop u.s citizenship

2. dont work, take out less than 40k year so 0% capital taxes

3. dont sell into cash, use atm machines or brokers

4. sell into a corporation you own with an anonymous owner (those shady LLCs)

the puerto rico trick only really works if you move there prior to obtaining the crypto that you will sell. If you owned say X amount of btc prior to moving to the island it doesnt count, or it becomes proportional to your time on the island.

>> No.23774430
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23774430

>>23770074
me too, except irs taxes go straight to bankers (interest payments on the unpayable debt, most of which is just the bullshit fee the banks charge for the "right" to own money. everything in the actual government is funded by other taxes.

look up "debt-based currency".
watch the documentaries "freedom to fascism" and "the secret of oz".

that said, i don't pay irs taxes now because i know they will never go after a small fry, but if i make it, i plan on becoming a public figure, so ill have to pay.

but at least i dont have to pay the inflation tax by holding their currency. if i get rich enough i can even hire some jew lawyers help me dodge taxes legally.

>> No.23774447

>>23769994
YOU'RE GOING TO PAY TAXES AND YOU'RE GOING TO LIKE IT