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/biz/ - Business & Finance

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3029952 No.3029952 [Reply] [Original]

Is it feasible to buy thousands of Amazon Gift cards with Bitcoin and sell online for Fiat in order to avoid Taxation?

>> No.3029960

Or sell them locally

>> No.3029988

>>3029960

and/Or use them to do Amazon refunds.

>> No.3030094

>>3029952
Buy gold bullion and exchange for cash under the table

>> No.3030125

>>3030094

Surely Gold is heavily regulated and taxed

>> No.3030153

how much btc do you want to launder?

>> No.3030157

>>3030125
What stop you from accumulating over time and selling to cash for gold places?

>> No.3030167

>>3030153

lets say 60K and onward

>> No.3030238

>>3029952
how would that work?
youre still making money

>> No.3030317

>>3030167
that's not that much. you could exchange it for gift cards and spend it, and just use regular money for other things. the problem with selling gift cards is that it's a lot of effort and you're losing some percentage of it because people expect a discount.

>> No.3030370
File: 390 KB, 2683x1766, george-w-bush-saul-loeb-afp.jpg [View same] [iqdb] [saucenao] [google]
3030370

>>3030317
>>3029952

this. but you have to be disciplined. do all your spending with the cards without overspending; it will feel like "free money". other income should be turned into savings/investments. otherwise you'll end up wasting the gains.

>> No.3030376

>>3030125

It's filed with the IRS niggers only if you buy in amounts over $10,000.

https://goldsilver.com/blog/irs-1099-gold-reporting-private-gold-private-silver-bullion/

Keep a little of the gold/silver every time. It's good to have some hard assets on hand.

>> No.3030380

Enjoy prison.

>> No.3030384

>>3030380
Shalom, Herschel

>> No.3030407

>>3029952
Buy visa and MasterCard, vanilla etc and make sure to check the balance online before you buy it. Verify the cards and use them to buy good and silver ad a debit card. Pretty good discount, especially if you buy for s low price on a private exchange

>> No.3030428

>>3030167

How about just not touching the BTC, you just spend the money you would have saved. Find a way to reinvest the BTC.

I'm not sure if 60K is dollars or bitcoins. If it's bitcoins, hire a tax lawyer so that you can have your own charitable chain like bill gates. Although he does charitable work he keeps most of the money to himself.

>> No.3030434

>>3030407
you can't just buy those with bitcoin.

>> No.3030877

>>3030434
Yes you can. People will sell them p2p. Localbitcoins, forums, etc

>> No.3031363

How about you just pay fucking taxes on whatever you cash out like a normal person instead of being retarded and risking prison? There is nothing illegal about crypto unless you make it illegal by being like OP.