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/biz/ - Business & Finance

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24948893 No.24948893 [Reply] [Original]

How the fuck do you withdraw crypto without paying taxes? I have a considerable amount of eth and been trying to take some out. I talked to a lawyer that specelizes in that shit and he would not help me try to bend the laws a little, not even explain the laws of off shore accounts to me. Not to mention that his price was $50k..

I am sick of every cunt trying to take money from me for a risk i have taken. How the fuck do i withdraw without giving out half of it?

>> No.24948968

>>24948893
Reported

>> No.24948970

>>24948893
you don't

>> No.24948978

because haircomb token is potentially the new default on the bitcoin blockchain and pissy whining babies won't change that

>> No.24949028

>>24948893
>how do you withdraw without taxes.
You can't dude, you can move to another country with less ta to avoid paying so much, but for 50k its not a solid plan. If you have a few mills ya

>> No.24949102

Withdraw it?

>> No.24949321

>>24948893
Sell just enough to buy foreign residence where crypto gainzorz are free - $250,000 should do it
And just enough to pay the tax on that, $50,000 should do it
Move to that foreign residence
Sell your remaining tens of millions tax free
Ur welcome

>> No.24949361

>>24948893
buy another passport and renounce US citizenship

>> No.24949437

>>24949321
Ive asked the lawyer it doesnt work like that. I need to pay taxes to the country i lived in when the gains were made. Even if i leave to another country live there for a year and try to withdraw, once they go over the specifics they will see that my gains were made while living in another country. Will they report that? Im not sure, my lawyer's a cunt

>> No.24949528

>>24949437

>I need to pay taxes to the country i lived in when the gains were made.

There are countries with zero crypto gain tax. Shitty boomer lawyer

t. International tax planner

>> No.24949588

>>24949437
U pay tax in the country u are in when the gains were REALISED (ie. Sold for fiat). The catch is you need to to cut all ties to you're home country and become a ta resident of the new country first. Assuming ur a bong, u have to move to Portugal, become a tax resident there, inform HMRC you are no longer a tax resident of UK and then cash out in euros into ur Portuguese bank account. U dont necessarily need to live in portugal but u cant the live in uk.

>> No.24949609

>>24949588
Portugal has 0% crypto tax

>> No.24949665

>>24948893
Idk how does that work in the US but in my country you don't have to pay tax from gold, so you can just sawp crypto to gold and cash in

>> No.24949745

>>24949588
I have a friend with german citizenship that is willing to marry me so i could live there. You think that can work too?

>> No.24949814

>>24949665
What's the best way of doing this? Is there an equivalent of localbitcoins for gold purchases?

>> No.24949830

>>24948893
>selling
what a pleb, stay poor fag

>> No.24949839

>>24948893
Just snitched on you to the IRS.

>> No.24949937

>>24949745
I dont know tax rules in germany with crypto.

>> No.24950046

>>24949437
They don’t know when your gains was made retard.

>> No.24950125

>>24949937
Everything that's older than 12 months becomes tax free. Otherwise full taxes apply.

>> No.24950271

>>24949814
No idea, never done it myself. I only know that it's possible.

>> No.24950312

>>24948893
Why would you want to withdraw? I'll just wait when crypto will be accepted for payment everywhere, actually you can buy shit with it right now in some eshops.

>> No.24950499

>>24948893
kill yourself nigger

>> No.24950679

>>24948893
I’m guessing you’re US citizen. You’re paying taxes. It’s what it is. Go find a CPA who will laugh when you ask them if it stands for ‘can’t prove anything’. But you’re taking a gamble. America taxes citizens even if they don’t live in the US. You can renounce citizenship but they’re going to look into your financial situation before they say you’re good to go. If you skip out on taxes you run the risk of a financially desperate superpower coming down on you hard for tax evasion.

I would just pay.

>> No.24950727
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24950727

>>24948893
Go passport shopping for a country that has no income tax then renounce US citizenship and withdraw.

You can literally buy citizenship for 50k and up.

>> No.24950750

You sell it to some rich dude who doesn’t mind paying in cash.

>> No.24950757
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24950757

>>24949361
This, the USA is the worst citizenship to own for rich people. You have to renounce it before you can hold onto any amount of wealth. Do not worry about getting back into the USA, rich people can make this happen no problem.

>> No.24950960

>>24948893
you shouldn't be rewarded for "a risk"
only work should be rewarded

That's why capitalism is degen, and fat lazy fucks rule this world

>> No.24951570

>>24950960
>he doesn't realize work is risk
>putting 4 years and thousands of dollars into a college degree in the hopes of getting the reward of a good job is literally risk

>> No.24951768

>>24948893
Wow what a fag. Get a Jew cpa

>> No.24951799

>>24948893
How much are the taxes roughly?

>> No.24951820

>>24948893
Why would you ever withdraw

>> No.24952359

>>24951799
>>24948893
?????

>> No.24952559

>>24948978
good lad

>> No.24953379

I'll throw you some breadcrumbs.
You simply trade your coins for property in countries where the currency has gone to shit.
Obviously Venezuela is out of the question.
However Argentina and Turkey is going down the shitter giving the opportunity to trade your BTC in private for lots of property.
Afterwards the recovery you simply sell that property in euros or usd and put it back in your account backed by property ownership statements.
Be big brains or perish faggot

>> No.24953407

>>24949028
Couldnt I technically send all my funds to my dad's wallet who's not a US citizen and doesn't even live in the country?? How would they even seize it

>> No.24953455

>>24953379
Do NOT try to do this. You will never hold good title to 3rd world property if you pay with btc. Those fuckers want their baksheesh and they will take your house back