/biz/ - Business & Finance

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Anonymous Sat Feb 13 05:35:53 2021 No.28594182 [Reply] [Original]

Does the state of Texas have no taxes on cryptocurrency? Someone in a telegram said that

>>	Anonymous Sat Feb 13 05:37:36 2021 No.28594252 >>28594182 low taxes i think elon musk just moved there because of taxes but i mean why the fuck would you not just google it

>>	Anonymous Sat Feb 13 05:38:55 2021 No.28594304 >>28594182 have you tried fucking googling it? yes texas is a state with zero capital gains taxes

>>	Anonymous Sat Feb 13 05:40:25 2021 No.28594364 >>28594304 Then why when I cashed out a small portion of my portfolio before, my accountants made me pay tax on it? Also I thought you still had to pay federal taxes on capital gains even in texas? Is that wrong?

>>	Anonymous Sat Feb 13 05:44:37 2021 No.28594557 >>28594364 Federal tax

>>	Anonymous Sat Feb 13 05:47:30 2021 No.28594684 wtf. Bros, if I have a long term hold on something that's over 550k and I sell, you're telling me I have to pay 20% to the feds and more to my state?

>>	Anonymous Sat Feb 13 05:56:58 2021 No.28595075 >>28594182 Is Texas part of the united states? Then yes, you pay taxes on it.

>>	Anonymous Sat Feb 13 05:57:19 2021 No.28595094 >>28594684 According to the people ITT yeah but i'd talk to the best jew tax accountant/lawyer you can find first

>>	Anonymous Sat Feb 13 05:58:59 2021 No.28595151 >>28594364 you always have to pay federal taxes. even if you move abroad.

>>	Anonymous Sat Feb 13 06:01:57 2021 No.28595269 File: 415 KB, 883x1130, 7D57E853-3BF9-415C-9877-11B0F4E2BA48.jpg [View same] [iqdb] [saucenao] [google] U will still be liable for federal income tax even if ur state doesn’t charge state income tax

Anonymous Sat Feb 13 06:07:12 2021 No.28595494
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>>28595269
So when everyone's complaining about how much they get taxed, they're talking about capital gains AND federal income? I didnt even know there was state capital gains tax outside of texas. Holy fucking shit? Why dont people just move to texas and not get jewed twice?

>>	Anonymous Sat Feb 13 06:07:46 2021 No.28595517 >>28595494 and by capital gains at the start I meant state tax

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