/biz/ - Business & Finance

[Anonymous No.28489449]

Turned $75,000 into $2 million with LINK. How much should I cash out per year to avoid capital gains tax? Live in US and will be cashing out with either coinbase or gemini to my bank.

[Anonymous No.28489630]

>>28489449

companies renounce citizenship to avoid taxes. Otherwise I think you're looking to pay up to 1 million in taxes.

[Anonymous No.28489697]

>>28489449
if only it had staking youd be set for life. 40k a year in a non income tax state

[Anonymous No.28489698]

Live in US? Have fun losing half of it to tax.

[Anonymous No.28489716]

>>28489630
>50% capital gains tax
Nigga....what?

[Anonymous No.28489718]

>>28489449
f you have 0 income you can do up to 40K I think tax free.

[Anonymous No.28489771]

>>28489698
Long-term capital gains tax is only 20% at the highest bracket (440k+)

[Anonymous No.28489792]

>>28489718
53k

[Anonymous No.28489883]

send funds thru tornado
incorporate, get biz bank accs
put funds in stable LP for easy yields
corporate tax is 21% on net income not revenue
start investing in real estate thru company
pay yourself salary with some of the LP yields
never work again, pay normal tax rates

[Anonymous No.28491118]

Is there some way to move to another country with no crypto tax and cash out, but eventually move back to the US and have the cashed out money in my US bank account?

[Anonymous No.28491252]

>>28489792

What's a LP?

[Anonymous No.28491338]

>>28489449
What i would to

Take 10k to party
Take 1million and stake in on BANCOR
Buy 990k of VET and get sweet VTHO rewards.

[Anonymous No.28491397]

>>28491118
No. IRS are domestic terrorists that use your funds to feed niggers and bomb Arabs. You couldn’t probably tether up, renounce US citizenship (after gaining it in Portugal) and then wait 2 years and cash out. I’m sure you could form a corporation or something to circumvent this kikery. Speak to the most Jew tax lawyers and accountants. This is their specialty.

[Anonymous No.28491433]

>>28491338
Pajeet detected

[Anonymous No.28491465]

>>28491338
>Take 1million and stake in on BANCOR
took a loan out against my LINK today to get 10k BNT

[Anonymous No.28491498]

>>28491397
Thanks i accidentally deleted my post. Question was
>Is there some way to move to another country with no crypto tax and cash out, but eventually move back to the US and have the cashed out money in my US bank account?
if anyone cares

[Anonymous No.28491579]

>>28489449
Just convert it into a stablecoin for interest or another crypto with staking bro. Enjoy your lifetime of 200k yearly salary.

[Anonymous No.28491656]

>>28491338
>>28491465
BANCOR = BANCHOD

[Anonymous No.28491692]

>>28489449
Marry a lithuanian or bulgarian national, move there and cash out they tax 15% (might take three years to clesr you off irs) get the bitch to sign marital agreement saying if u split she gets a dollar (sandkike one)

[Anonymous No.28491698]

>>28491579
i mean the USDT scam could suddenly crash and take all of crypto with it including the "stablecoins". cryptocurrency is definitely not safe no matter how stable some projects advertise themselves as

[Anonymous No.28491781]

>>28491698
You could spread it between different stablecoins. What are the odds that all stablecoins originating from different countries across the world all get banned?

[Anonymous No.28491785]

>>28489449
wouldn't it be better to set up a bank offshore to avoid taxes & withdraw to that bank account?

[Anonymous No.28491827]

>>28491692
Portugal has no tax on crypto. Or Germany if you hold for 1 year.

[Anonymous No.28491935]

Im from a country with no tax send it to me i will cash it out for you for 10k

[Anonymous No.28493141]

>>28491935
Legit