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30334863 No.30334863 [Reply] [Original]

Then just save my salary instead and build that capital up

So I buy food for say 200 euro per month and amazon stuff for 200, then maybe something more. Then I just save this 1000-2000 or something from my salary , never declaring the crypto sales

>> No.30334923

>>30334863
The risk of getting audited when you cash out your cryptos. They will see that you spent your cryptos on purchasing gift cards.

>> No.30335053

>>30334923
how?

>> No.30335088

>>30334863
>selling crypto
>building capital
choose one and only one

>> No.30335093

Nothing. Nobody will give a fuck.

>> No.30335193

>>30335053
What how you retard?? The site you are buying from has a VAT number, that means EVERY transaction they do will be reported to the taxman. Once you cashout your crypto, you will 100% be audited because your income is low and suddenly you cashout X amount of crypto. Once they audited you will have to give them ALL your transactions you have done. Then they will run your name on their database and find it associated it with the site your bought gift card from because every sale is bounded to VAT.

>t. nephew of taxman

>> No.30335250

>>30335193
my income isn't low, and the gift cards could be from a normal store from all they know

>> No.30335309

>>30335088
If you buy back the crypto you spent with the fiat that you saved, it's still tax free though because it will register as "zero gain" if you sell it again.

This actually seems like a smart move... if they really have no way of finding out.

>> No.30335364

>>30335250
They will check your income and check your expenses and they will see that you spend more on gift cards and good luck explaining the imbalance without admitting of buying with cryptos that you never declared.

>> No.30335390

>>30335193
isn't going to happen when his coins aren't tied to his identity and if he's behind a proxy when he purchases gift cards. try harder, faggot.

>> No.30335455

>>30335364
How is that even illegal if you just HODLed the crypto? It's not a "trade", you're literally just spending an asset that increased in value. You're already paying VAT on the gift card purchase.
Isn't this just a genuine tax loophole?

>> No.30335496

>>30334863
What is daily expenses? Sorry I don't know I am an OXEN staker and only making money

>> No.30335498

You wouldn't dip into your etf to pay for groceries would you? Depending on which country your in, the end goal is always to cash out crypto, put it into stock and chill isn't it? So you either come up with a plan to avoid tax alltogether (Portugal,Malta, Germany maybe Puerto Rico if you're a burger) or just take the hit to have peace of mind

>> No.30335541

>>30335455
>How is that even illegal if you just HODLed the crypto?

Because OP is not declaring his cryptos to the taxman, and he is trying to spend the cryptos?

>> No.30335629

>>30335541
Yeah but you can just declare that you own crypto and you're not "taking profits" on it. That's not taxable.
(Of course you'll be on the IRS radar but ...legally?)

>> No.30335662

>>30335455
Because you bought Crypto A for 100 on 01/01/2020 and now use it to pay for groceries on 01/01/2021, but Crypto A is now worth 1000 dollars, so you made 900 profit and realized that profit by cashing out into the voucher

>> No.30335696

>>30335364
how exactly will they "check my income" as long as I just save my salary and declare taxes?

>> No.30335712

horney pie is enq, that is what you should look at now
check it and tell me that I am wrong
look at their pos and PoW tech, if you smart you will know everything

>> No.30335727

>>30335541
a lot of states doesn't need you to declare if you just buy something, only trades

>> No.30335742

>>30335696
don't bother, man. >>30335364 clearly is a retard.

>> No.30335759

suck ths shillers! if they rlly think im so stupid to follow their links for a scamshit, they will fucking die from drowning in their asses
we don’t need your shit when we have the upcoming graphene airdrop, lol. the only legit way to get graphene is the airdrop

>> No.30335816

>>30335696
Do you honestly think that when he cashes out a high amount of crypto in the future that they won’t audit him?

>> No.30335818

>>30335662
Again: Is a gift card considered "cashing out"?

In effect, it's obviously equivalent. But legally?

>> No.30335834

>>30335818
Yes. You realize the profit. Its cashing out

>> No.30335878

>>30335816
See:
>>30335309

You won't get out 100% tax-free, but you'd basically be "resetting" your profit % every time you fiat-rebuy an amount that you spent on gift cards.

>> No.30335882

>>30335834
Just have a fucking different name on the gift card site. If it's a digital voucher and you use a VPN and you have the funds in a separate wallet, there's essentially no way for them to trace it back to you.

>> No.30335900

Nobody will notice if he's spending $500 on anonymous gift cards. Neither Bitrefill nor the store have to report such amounts.
Just don't be retarded and claim 10k in giftcards on amazon in a month.

>> No.30335996

>>30335882
>Just have a fucking different name on the gift card site. If it's a digital voucher and you use a VPN and you have the funds in a separate wallet, there's essentially no way for them to trace it back to you.

Yea I’m sure that the taxman totally won’t ask the store who used XYZ gift card on certain date and time and find footage of OP red handed using the gift card.

>> No.30336057
File: 65 KB, 2915x482, tax.png [View same] [iqdb] [saucenao] [google]
30336057

>>30335834
Yeah, you're right. As usual if something sounds too easy to work, it probably is.

>> No.30336091

>>30335816
no one is gonna "cash out crypto", thats the fucking point here.......

>> No.30336111

>>30335996
How would the tax man even think of that shit.
Let's go through the scenario. The exchange has your shit bc of KYS cancer. You transfer money from your bank account unto the exchange BUT NEVER BACK. Not a tremendous amount that would set anyone off. You do a little trading, transfer a specific amount to a separate wallet, then go and buy a gift card you can print out anonymously. You take this voucher to the store, get what you want, done. The only risk I see is the exchange randomly feeding the tax man YOUR information which I find hard to believe as long as you're not some fucking whale.

>> No.30336114

>>30334863
Anon if you are actually from germany you dont have any crypto tax if you just hold 1 year. Why play the system and risk tax inspection when you have a legal way of not paying tax?

>> No.30336167

>>30334863
This is literally what all the OG holders have been doing for years you absolute newfag.

>> No.30336207

>>30334923
>>30335193
>>30335364
>>30335541
>>30335816
>>30335996
Ignore the glownigger.

>> No.30336223

is there some kind of btc -> monero -> btc tumbler/mixer?

>> No.30336227

>>30335996
>live in finland or austria
>use amazon.de

>yeah the finnish government is gonna ask amazon, who bought a few 100 euros of gift cards for a computer or books

>> No.30336235

>>30336114
>Why play the system and risk tax inspection when you have a legal way of not paying tax?
what I do is I just buy stuff thats tax deductible to offset the tax from profit from sale

>> No.30336253

>>30336223
Once you convert it into Monero that's enough. The trace ends there.

>> No.30336341

>>30336111
>be OP
>have crypto
>decide to finally cash out cryptos to bank account in year 202X
>taxman:”Hmm Mr Anon, you only earn xyz amount per year and you just sold xyz amount of virtual currency and deposited it your bank account. How did you acquire these crypto currencies in the first place? We will have to conduct and audit Mr Anon and will require you to show us all your accounts from year XYZ to 20XY to ensure the crypto currencies come from a legal source”

>op bought coins from exchanges XYZ in year XYZ
>taxman checks OP tax declaration from year XYZ
>OP didn’t declare the cryptos in the tax declaration from year XYZ
>OP gets convicted for tax evasion and spends 30 years in Guantanamo getting fucked in the ass by Jamal and his 30cm BBC

>> No.30336417

>>30336253
>”yes Mr Taxman I totally found the $100k worth of XMR from an old wallet and it totally don’t comes from selling drugs on the deep web hahaha what a coincidence right? Haha”

>> No.30336436

>>30336341
>decide to finally cash out cryptos
I specifically said "don't transfer anything back EVER".You don't cash out. Simple as. You either keep accumulating and move outside Goymany or you keep paying (small) expenses via crypto forever.

>> No.30336499
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30336499

>>30336417
>why yes I have had 50 000 server grade CPUs mining monero since 2012, all as tax deductible investments, how could you tell?

>> No.30336506

So what’s stopping me to cash out my gains in a stable coin, anonymous.
Then just create a shitcoin that i tell noone about, buy for 100$ In a private ico and hold for 1 year. After that i just pump it or start a token burn, inflating the price to my stablecoin money and sell to myself?
No tax because i was holding for a year

>> No.30336533

>>30336341
>8 posts by this id

go back

>> No.30336544

>>30336417
>Have no critical thinking
>"Cash out" using the predetermined way the kikes have set up
Ok Mr fedposter you need to stop.

>> No.30336575

Why not use the Binance Card?

>> No.30336578

>>30336544
yea good lucking buying something big with your XMR like property or a car/vehicle without the government knowing you dumb faggot

>> No.30336589

>>30336575
Most crypto cards require KYC, it's a trap.

>> No.30336613

>>30336589
How is that relevant? You can use the card to buy shit without cashing out.

>> No.30336617

>>30336589
imagine thinking a chinese company will bend over to US

>> No.30336652

>>30336617
imagine thinking VISA, the one that issues the cards to Binance, a US company NOT bending to the US

>> No.30336654

>>30336578
I'd rather jump through every hoop in the fucking world than give you faggots just one additional cent.

>> No.30336682

>>30336613
You need to separate your spending/transactions with platforms you've KYCd on.
IF you spend on a platform you've KYCed it shows up on the kike system.

>> No.30336684

>>30336617
>I will commit tax evasion while giving the evidence of the crimes to the chinese

>> No.30336733

>>30336654
just open an offshore bank account in the seycheles or mauritius for $500 and deposit your cryptos there and no one will give a fuck about your taxes. Unless of course you get audited for whatever reason and the taxman finds out you have an undeclared offshore account.