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29358812 No.29358812 [Reply] [Original]

My fellow Ausfags, my portfolio approaching $3 Million I have held Bitcoin well over 12 months how much tax is the ATO going to bend me over for if I were to sell for $3 Mil?

>> No.29358932

Make sure you hold it for a year so it counts as a long term asset you get 50% discount on cgt.

>> No.29359059

>>29358812
Pretty much 50% gone if you ever want it in a bank account. The ATO are ruthless too.. sigh.

>> No.29359065

>>29358932

Yeah mate held it for years, think I'm still going to get taxed out the ass tho?

>> No.29359076

Make sure to get it transferred to Usd then then to an online casino. Gamble a bit. Withdraw. Nice all of your money is counted for as gambling winnings so no tax. Woohoo

>> No.29359176

>>29359076

how legit is this

>> No.29359301

>>29359076
This but if you fly somewhere like Macau or vegas. Pull it all out (casinos will most likely help) convert it to chips, gamble a bit so chips change hands expect to lose 10-20% to keep casino happy. Withdraw. Fly home claim as gambling winnings. If tax man asks casino backs you up. Its pretty commonplace

>> No.29359409

>>29359176
transferring to usd is disposal and a taxable event

>> No.29359537

>>29359065
given the 50% discount 1.5m will count towards your taxable income, which puts you in the highest bracket, so youll be taxed close to 50% on that amount. Hence, you would pay 750k tax (~25%) on your 3m btc.

>> No.29359644

>>29359409
Ahh it seems casinos have got around this by taking bitcoin as a payment for chips.

>> No.29359715
File: 211 KB, 800x450, cover1.jpg [View same] [iqdb] [saucenao] [google]
29359715

The ato are fucking theives bro.

But if you've held for a year you will get taxed about 40% on half of what you cash out.

So if you cash out the full 3 million, you'll pay 40% tax on 1.5m so you can expect to lose about 600k

Man tax gets me proper mad though, fucking jews tax my income at 40% then I put what's left into crypto as an investment and they come back for another 40% slice. Fucking dogs.

Still I'd rather pay then to to jail.

>> No.29359771
File: 255 KB, 1415x509, Screenshot_20210222-183628_Firefox.jpg [View same] [iqdb] [saucenao] [google]
29359771

Gamble ot then withdraw it bro. Claim a net gambling loss of 3 mill this financial year then claim it as winnings next year.

>> No.29359874

>>29359771
Wouldn’t the govt be suspicious of how he came up with 3 million to lose?

>> No.29359895

>>29359537

Fuck me thats absurd, how do people minimize paying that much tax (or any at all)

>> No.29359935

>>29359771
>The Australian government views gains from gambling activities not as income, but as a result of good luck.
Just tell them you went all in on shitcoins and they'll waive it on the same principle.

>> No.29359956

>>29359715
Move to NZ.

>> No.29360008

>>29359644
gambling with a bitcoin is disposal.
if you have a bitcoin that has appreciated 10000% you dispose of it when you put it on the table

>> No.29360022

I invested, I took all the risk and they still gonna tax me out the ass for it.

>> No.29360067

>>29359874
Nah all those cunts do the same thing with their chink dollars to obfuscate it.

>> No.29360182

>>29360022
if you had lost money on crypto you would have been able to write it off against your income, so in some ways they took the risk with you. if you had a smaller amount of BTC you could cash out in different years, thus making your taxable income as low as possible for each of those years. But honestly you probably have way too much BTC to try and be sneaky about it. Just get yourself a good tax accountant and get their advice, but you can probably expect to pay around 600k despite whatever accounting trickery they would be able to pull off.

>> No.29360235

>>29360022
Also, surely dont sell all of it. Leave youself a suicide stack atleast (2.1 btc) JIC it moons even more next halving.

>> No.29360313

https://www.money.com.au/capital-gains-tax-calculator-result#result

this makes it easy

>> No.29360361

>>29360182
>if you had lost money on crypto you would have been able to write it off against your income
You'd be able to write it off against capital gains, regular income from a job is counted differently for that purpose. The main upside is the capital losses can be carried forward year on year until you have enough gains to break even on your profits again.

>> No.29360392

It works out to be about 22% if you just cash out.

>> No.29360395

>>29359956
What’s NZ’s capital gains tax like?

>> No.29360441

>>29359537
that is fucked, better off moving to portugal or some shit than paying that

>> No.29360455

>>29360395
same as aus with no 50% discount

>> No.29360530

>>29360455
So it's worse? Fucking rip kiwi bros.

>> No.29360568

>>29360455
That’s fucking wack, not even a sheep would make you feel better

>> No.29360731
File: 85 KB, 1391x864, 1570157504546.png [View same] [iqdb] [saucenao] [google]
29360731

>>29359715
>tax for getting paid
>tax for generating income
>tax for spending money
>tax on random goods

>governement uses tax to build infrastructure
>tolls it to earn that tax back

>> No.29360811

>>29360022
pay your taxes silly goy, you dont want to be chucked in gaol now do you?

>> No.29360841

>>29360731
tax and central banking is not about revenue, it's about maximising productivity by making people too poor to retire

>> No.29361078

>>29358812
Get a fucking accountant, tell them outright you do not want to pay taxes, even if it means leaving the country. They will help you

>> No.29361113

The tax is 35 percent after holding for more than a year.

I don't know where these fucking retards are getting 50 percent from

>> No.29361277

>>29361113
because its added to your income, and the highest income tax is roughly 45%

>> No.29361385
File: 15 KB, 418x291, 1613956408972.png [View same] [iqdb] [saucenao] [google]
29361385

>taxable event

>> No.29361444
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29361444

>>29361277
>>29361277

Here is a dry run if I sold right now, 50 percent of your gains is taxed, not all your gains taxed at 50 percent

>> No.29361483

>>29361444
Checked

>> No.29361505

>>29360182
Yeah wrong..

The ato are filthy snakes, they are more than happy to add your cgt to income for tax bracket calculation.

But if you make a loss on cgt then suddenly income and cgt are completely different.

>> No.29361563
File: 40 KB, 824x448, 08yt9y6f8igun.png [View same] [iqdb] [saucenao] [google]
29361563

>>29361277
only money over 180k is taxed at 45%

>> No.29361611

>>29360731
>taxes put domestic manufacturing out of business
>buy goods from overseas
>pay even more tax

>> No.29361830

>>29360022
Those immigrants and deadbeat, 30+ years on welfare, generational families need it more than you do.

>> No.29361922

>>29360731
>die
>your family gets taxed 2 seconds after they bury your body

>> No.29362100

>put 5k into crypto
>make 3m
>withdraw initial 5k
How is the ATO supposed to know about your magical internet money that's up in the ether?

>> No.29362124

>>29359537
750k is a lot of tax, but you get peace of mind of knowing the ATO won't be on your back for the rest of your life and you get 2.25m in the bank legally to start living your life with. Think of the tax as your patriotic duty and be proud of yourself for funding a Centrelink somewhere for a few months.

>> No.29362248

Get sweedish citisenship bro

>> No.29362412

I hit 500k today and expect to make a fair few milly, gonna move to Malta or Portugal fuck this gay country.

>> No.29362510
File: 90 KB, 320x320, pepe_scared_gun.png [View same] [iqdb] [saucenao] [google]
29362510

>>29358932
>Make sure you hold it for a year so it counts as a long term asset you get 50% discount on cgt.

What if you add more to that before the 1 year is over? Does that then reset the 1 year so you have to wait a full year from the last deposit?

>> No.29362526

>>29359895
they hire accountants and don't get advice from 4chan

>> No.29362598

>>29360182
Are you retarded? what risk did they take? the risk of not taking money from you as tax by letting you use your money how you want?

>> No.29362771

>>29362510
You can only claim a discount on the amount you held for a year if you cash it all out.

>> No.29362943

>>29358812
If you’re getting taxed a significant amount, why not just move to Singapore for 6 months and then sell. You’ll get tax residency and pay no CGT.

Treat it like a job, where you’re making 100k every month for living there and partying. Insert Lisbon, Hong Kong, Switzerland, wherever

>> No.29362979

>>29362124
Honestly this. You'll never have the money or influence to tax dodge without risking a quick trip in a paddy and all your assets frozen. Might as well bite the bullet.

>> No.29363109

>>29362943
I'm pretty sure the ATO consider leaving and becoming a non-resident (for tax purposes) a capital gains event and will slug you the max tax rate.

>> No.29363203

>>29363109
This makes literally no sense. How is moving countries a taxable event?

>> No.29363373

>>29362510
You choose to go LIFO (last in, first out) or FIFO (first in, first out) when you're calculating it, but you can't mix the two.

>> No.29363428

>>29363203
You're taking your gains where they won't be able to paw it with their grubby dick beaters is how.

>> No.29363525

>>29358812
that beer looks like a tasty 0.1 fraction of Oxen. where can I buy?

>> No.29363638

>>29362100
Depends on where you made that money. If it was on an exchange, chances are they know.

>> No.29363672

>>29362100
They won’t but you’ll be scared enough to tell them

>> No.29363691

>>29363203
The ATO knows Australian taxes are an absolute ripoff so they force rich people who leave the country to renounce their citizenship unless they want to be arrested for tax evasion the second they set foot back in Australia.
Just be thankful you aren't an American thinking of trying the same thing. The American taxman has access to the full force of the US intelligence apparatus, and will do things like freeze the international bank accounts of ex-citizens who they think still owe them

>> No.29363763

>>29362100
The only issue is then you will be stuck with 3m that you might not even be able to spend with no questions asked.

>> No.29364014

Post portfolio OP.

or is it just BTC?

>> No.29364063

>>29363109
HONK HONK

>> No.29364141

>>29361563
Lucky all my trades only made it to 179k

>> No.29364219

>>29358812
Go to Singapore and open an account then take it out.

>> No.29364298

>>29364141
the rate doesn't apply to all your income only to income above 180k
https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=STC&anchor=STC#STC/questions

if you made 200k last financial year you paid $63k tax

>> No.29364374

can't you just go to like local bitcoins or something and cash out with people irl

>> No.29364509

>>29363763
You're assuming that the hypothetical anon who carried out such a plan wouldn't rediscover a love of selling paintings of modern art later in life

>> No.29364523

>>29361444
nice anon. I'll have had my link forever by the time I want to build a fortress. I don't mind giving the ato Jews their pound of flesh if it's comparatively reasonable.

>> No.29364624

>>29364219

why singapore

>> No.29365029

>>29358812
15% long term CGT

>> No.29365145

Bump. I'm researching this now but I'm not the kind of autist that can figure out the least costly solution to this. I need to know how to avoid those thieving cunts and the literal jewish rats that pervsde our government.

>> No.29365174

>>29365145
I think we fucked, I think the ATO will find out some way

>> No.29365204

Just get a mco card

>> No.29365288

>>29365204
whats that friend

>> No.29365663

>>29365288
Crypto.com visa card, have to hold CRO for 180 days before you can get one though

>> No.29365719

>>29365204
won't the ATO be wondering where all this money is coming from?

>> No.29365808

>>29365145
Buy gold with BTC and export to avoid CGT

>> No.29365827

>>29358812
it would be something like 680k minus your initial investment

>> No.29366092

Why sell it? Shouldn't you be looking to invest in a yield farm and just live of the interest you generate? Then pay tax on the interest you earn, thats what I would do

>> No.29366131

>>29366092
Wanna buy a house, car, and a girl.

>> No.29366135

>>29364219
he earned it here so he owes the tax here, you think they never thought of that?

>> No.29366203

>>29363203
to stop people doing exactly what you are thinking about doing lol

>> No.29366243

What you sold it for less what you bought it for less 50% of that. Assuming you held it personally and not in a company, super fund or trust it will be taxed at a marginal tax rate.

>> No.29366273

>>29358812
Just swap it for monero and pay as much tax as you feel like

>> No.29366281

>>29366092

sounds intriguing, whats yield farm and how much money you make off interest

>> No.29366403

>>29358812
if you cash out you pay roughly 15% capital gains
if you directly trade it for a house and land, you pay $0

>> No.29366480

>>29366131
That's fair.

If you've got 3 mil in BTC, I would look for yield and live off that. Just looking at zapper.fi, you can get yields of 35 odd percent, which is 0.65% a week. Those rates don't last forever but thats a fkn mad return imo

The big downside of that idea is that the ATO considers swapping crypto a CGT event. I do it all through Metamask so hopefully they can't be fucked tracking all the trades I've done.

Anyway, I'm no expert so don't listen to me, good luck with whatever you decide

>> No.29366535

My marginal tax rate is 0% since I make under 18k a year, that means unless I make over 18k profit I won't have to pay tax at all...right?

>> No.29366556
File: 26 KB, 394x458, 1023 - 54cbQ5C.jpg [View same] [iqdb] [saucenao] [google]
29366556

>>29360731
>>29359715
Tax his land, Tax his bed, Tax the table at which he's fed.

Tax his tractor, Tax his mule, Teach him taxes are the rule.

Tax his work, Tax his pay, He works for peanuts anyway!

Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt.

Tax his tobacco, Tax his drink, Tax him if he tries to think.

Tax his cigars, Tax his beers, If he cries tax his tears.

Tax his car, Tax his gas, Find other ways to tax his ass.

Tax all he has, Then let him know, That you won't be done till he has no dough.

When he screams and hollers, Then tax him some more, Tax him till he's good and sore.

Then tax his coffin, Tax his grave, Tax the sod in which he's laid.

Put these words Upon his tomb, 'Taxes drove me to my doom...'

When he's gone, Do not relax, Its time to apply the inheritance tax.

>> No.29366603

>>29360841
why not just have an all white male working class? theyve always been net gainers?? maybe theyll get too prosperous and smart and would absolve the (((government))) so we need third world shit skins

>> No.29366644

>>29366281
here is a basic vid but for gods sake DYOR

https://www.youtube.com/watch?v=8wXpolSUwRk

>> No.29366701

>>29366480
What can they see exactly. I expect Binance, Coinbase. But not uniswap and other dex. But if you cash out 1mm eth and they ask how you got it when you only ever on boarded fiat for 20k of eth what do you say?

>> No.29366702

If you live in Sydney or Melbourne can go to an underground casino run by chinks and exchange crypto for cash. Isnt the best exchange rate but far better than tax.

>> No.29366710

>>29366480

I'm OP, how does that work exactly?? is there any risk associated?

>> No.29366782

>>29366702
I live in Melbs how does one go about finding an underground casino run by chinks?

>> No.29366794

>>29366702
If you like mafia

>> No.29366931

how it works is

you need to pay $51,667 plus 47c for each $1 over $180,000

so deduct your initial invest from 3m

divide by 2

multiply by 0.47

and add $51,667

plus I think 3? grand if you don't have health insurance

>> No.29366941

>>29366710
You really should be trying to research it and learn before you decide to do anything.

I know people earning $4.5k a week after they deposited approx $200k, so you should be looking into it!

>> No.29366970

>>29366782
Hang out at the real casinos and become friendly with regulars. Chinks always use the same tables they superstitious and stuff.
If lucky you'll find someone willing to exchange chips for crypto, plus a fee. Its common money laundering method to buy chips off people.

>> No.29366971

>>29358812
The onion fields have services that transfer btc to aud (cash) for a nominal fee. It would maybe work out cheaper.

>> No.29366975

>>29358812
This shit is ez to look up m8. The ato has a page on crypto
>same tax brackets as income tax
>30% being your highest bracket and lower for lower amounts
>half price if you hold the capital for over a year
Cunts like to complain but austfailure really isnt too bad for crypto

>> No.29367101
File: 70 KB, 2344x268, Screen Shot 2021-02-22 at 9.21.44 pm.png [View same] [iqdb] [saucenao] [google]
29367101

Check it out, deposited $200k, earns $4k a week, $200k a year

>> No.29367112

>>29366480
>The big downside of that idea is that the ATO considers swapping crypto a CGT event. I do it all through Metamask so hopefully they can't be fucked tracking all the trades I've done.
Hold on, are they watching binance? I assumed they were just watching the bank balance?

>> No.29367239

>>29367101
fuck that seems amazing? bit of risk involved though?

>> No.29367256

>>29366970
they brought in those new laws that you cant buy anything over 10k with cash anymore though

>> No.29367285

>>29364374
Yes but having 2 mill in cash isn't as cool as you think. Unless you're going to get into laundering you can't justify having that much money, so you can't spend it as you please.

>> No.29367309

Well it depends on what you paid for them and how much other money you make. Capital gains tax is really just normal assessable income paid at your regular rate, with the assessable amount discounted by 50% if you hold for 12 months. If I assume you paid $250k for them, and now you sell them for $3million, you'll make a profit of $2.75 mil.

12 month capital gains 50% discount brings that down to $1.375M in assessable income, which would $617k in income tax and medicare levy. If you wanted to reduce your tax you could sell half now and half on July 1. If you could theoretically sell half on 30 June, and half on 1 July you'd spread your gain across two Financial Years and have only $687.5k in income in each year. Overall this would be $587.5k in tax instead of $617k. Ultimately a tax saving of $30k not worth it in my opinion if you're considering selling BTC but have to wait 4 months to do so just because you want to save tax. Price might crash between now and then.

>>29359076
>>29359176
The ATO are not fucking retards. They have have records on what the AUD to USD exchange is, and will look at what day you sold your BTC and USD, and then translate that into AUD assessable to you. If you do this and lose all your money gambling you'll still get stung with tax and the gambling losses will not be deductible.

>> No.29367332

>>29367256
they never passed the senate retard

>> No.29367389

>>29367239
Yeah some risks involved, Some projects dodgier and riskier than others. You have to learn and know what is happening when you get involved with providing liquidity then farming yield. Do some research about the projects and it will start to make sense

>> No.29367534

Just cash out less than $10k a month on two separate banks. You can't live with that? It's not that hard you cunts.

>> No.29367556

>>29367389
I'd be scared they would just rug me somehow if I invested my $3 Mil, those returns are amazing though.

>> No.29367586

Or even better stop fucking using CEXs.

>> No.29367630

>>29359537
How much of that 750 do u get back ??

>> No.29367687

Also nice try ATO.

>> No.29367721

>>29367630
Nothing. Most people get tax refunds because of franking credits, overpaying provisions for taxation via instalments or the operation of the low income tax offset or low and middle come tax offset.

>> No.29368651

I've been on Jobseeker since corona and had a cashie since November.

Took my super out and jammed it straight into crypto with roughly 60k worth now.

If I cash out will my assessable income be whatever i earned from cento + crypto ?

>> No.29368940

>>29368651

Yes centrelink and profits you make on crypto if you sell

>> No.29368968

What your opinion on #NEXT Coin - heard? They having upcoming token sale on safu investment.
@NextExchange-that's transparent, and feature rich trading platform digital assets. They provide access to the most promising blockchain cryptocurrencies such as Bitcoin, Ethereum and NEXT

>> No.29369036

>>29363691
You’re talking out of your ass. I’ve moved to Hong Kong and after getting tax residency, didn’t pay a cent of Australian tax. You don’t have to renounce your Aussie passport retard, there’s even examples on the ATO website of what constitutes double taxation and what doesn’t

>> No.29369173
File: 3.87 MB, 268x180, heart.gif [View same] [iqdb] [saucenao] [google]
29369173

>>29368651
How did you manage to get 60k? What did you start out with? I'm on youth allowance, doing honours course which is too competitive for me to work a job without grades suffering, and I'm fucking sick of being a poor cunt and stealing cheese from woolies. How do you make this kind of money lad?

>> No.29369183

>>29367101
this is a ponzi
withdraw now before the site disappears

>> No.29369392

>>29369173
Took 17k out in super and put 11k it into BTC/ETH/AAVE/REN other random shit and here we are at 60k. I've made some horrible trades but overall ive got no complaints. Just buy and hold

>> No.29369408

>>29359715
you paid your oxygen tax to the ATO last year, right, anon?

>> No.29369636

>>29369036
https://www.ato.gov.au/Individuals/International-tax-for-individuals/Going-overseas/When-you-leave-Australia/#Capitalgainsonyourassets1
>If you cease to be an Australian resident and decide to sell your home in Australia you may be liable to pay CGT.
>If you cease to be an Australian resident while overseas, we deem some of your assets – generally those not considered taxable Australian property – to have been disposed of for CGT purposes. This may mean you become liable to pay CGT.

>> No.29369640

>>29361444
checked, what website is that?

>> No.29369909

Question bros. In order to ensure you qualify for CGT let’s say I hold BTC I need to make sure I sell on a BTC-AUD pair right? If I sell on a BTC-USD pair then convert to AUD technically you’re fucked right? I just don’t know how crazy the ATO is with this shit. Also anyone actually have experience cashing out 7 figures? I was thinking Binance should work since they’ve got AUD withdrawals now but would like to hear about others experience.

>> No.29370078

>>29360841
extremely based take, I will say this to everyone when tax comes up in conversation because this is so fucking true

>> No.29370157

>>29369909
Don't convert to a foreign currency. You might be caught paying tax in that country as well.

>> No.29370213

>>29370157
Yeah the only reason I ask is it’s hard to find an AUD market that actually has decent liquidity. Binance, CoinSpot and BTCMarkets are the only options I’m aware of.

>> No.29370377

>>29370213
Seek financial help.

>> No.29370396

>>29370157
Not true. For AU residents and citizens, USD is just another currency commodity and taxes in CG as usual. USD in Australia still falls under Australian jurisdictions and tax laws. Talk to Forex traders.

>> No.29370574

>>29369640
>https://www.money.com.au/capital-gains-tax-calculator-result#result

>> No.29370692

>>29366556
Yeah fella,damn fine words

>> No.29370737

>>29370574
cheers

>> No.29370848

>>29358812
If you're able to prove that you've lost money on shitcoins in previous years, you can offset the loss against the capital gain from the $3 mil. That, and the long term holding for 50% discount

>> No.29370886

>>29369173
I can't help you with crypto but I encourage you to keep stealing from (((woolies and (((coles))). I steal at least 50$ per week with my regular grocery shop.

>> No.29371036

>>29370848
And there's also an exemption you can get if you acquired your coins for less than $10k, regardless of how much they grew

>> No.29371118
File: 44 KB, 942x715, welcome.jpg [View same] [iqdb] [saucenao] [google]
29371118

>>29369636
>>If you cease to be an Australian resident and decide to sell your home in Australia you may be liable to pay CGT.
No shit if you sell property in Australia you're gonna get taxed IN AUSTRALIA you fucking retard. Why would another country pick up tax on a CGT event if you sell when the asset was acquired as a resident and sold when not as a resident? Obviously ATO is gonna get their paws on it as much as they legally can.
>>If you cease to be an Australian resident while overseas, we deem some of your assets – generally those not considered taxable Australian property – to have been disposed of for CGT purposes. This may mean you become liable to pay CGT.
Purchase international assets while an Australian citizen, renounce citizenship, those assets you own are counted as a CGT event up until you stopped being a resident.

That's not double taxing you fucking idiot. Australia actually has proper agreements with most countries across the globe and actively takes steps to avoid double taxing. I get that Australia's tax laws are harsh but come on at least learn to fucking read.

>> No.29371161

Good advice here
>>29367309
and here. Remember to claim all those rug pulls/shitscam coins you get fucked on to reduce cgt.
>>29370848


One question i've got is you get to reduce your cgt with your brokerage/accounting fees when you trade shares correct? Well can you do the same with crypto transaction fees? e.g. can I offset cgt with the bullshit ETH gas fees i've paid in the past as well as any other cex processing fees I've paid so far?

>> No.29371177

>>29359715
What if I told you that ATO is not a valid legal entity and that they admitted this fact in court.

>> No.29371715

>>29371161
>Well can you do the same with crypto transaction fees?
The fees are probably going to be part of the cost base for that particular CGT event, what I'm not sure of is if you can offset your BTC gains against ETH losses, since they're separate CGT events, I would guess not

>> No.29371809

The ATO has no idea what to do when it comes to impermanent loss, it is quite funny.

>> No.29371829

they literally didn't think crypto was 'money' unti like 2016 LMAO

seething, why not just buy nba top shots and watch your money double in a day srs

>> No.29372427

As an Ausfag looking to chuck $50 at a few different coins.
What wallet should I use and where should I buy?
Im thinking $50 each on BTC, Ethereum and XRP

>> No.29372499

>>29365204
the mco card is kyc so the ato knows

>> No.29372526

>>29372427
I wouldn't even bother with such a tiny amount

>> No.29372911

Tfw want to move to Hong Kong for tax residency in a few years but your bitch ex lives there and the CCP owns it now

>> No.29373058

>>29372427
See
>>29372526
Minimum should be at least 5k.

>> No.29373767

>>29373058
>>29372526
Just as a hobby is all, I dont intend to make any actual profit

>> No.29373799

>>29370886
What items are the best to take and the best method

Cut off barcode?