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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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4746183 No.4746183 [Reply] [Original]

When you guys cash out will you pay your taxes?

>> No.4746214

>>4746183
Nah, I'll just move my money to Nassau and live in the Bahamas since I'll be rich enough.

>> No.4746216

>>4746183
Pay your fucking taxes you faggot cuck

>> No.4746217
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4746217

>>4746183
XRP growth is so slow that the joke is on the tax man.

>> No.4746229

Yes i have to as i trade on the regular stock market a lot and have been audited before (after a particularly successful year).

>> No.4746244

>>4746216
>t. IRS collector

>> No.4746258

>>4746183
Ofcourse, I'm not going to fuck with that.

>> No.4746291

I'll let my accountant handle dat.

>> No.4746302

no but i will certainly fuck your girlfriend

>> No.4746312

>>4746183
No cause I made less than 12k last year.

>> No.4746322

>30% tax rate
>for a guy that can barely hold a minimum wage job

lol IRS think im 50 cent

>> No.4746323

Not like there is any other option, besides prison of course

>> No.4746324
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4746324

>> No.4746385
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4746385

>>4746291
This is my accountant. Fug no Im not paying taxes. I'm going to just not do anything and wait for them to show up at my house and I'll tell them I want to defer.

>> No.4746404

>>4746183
lol

>> No.4746454

>>4746183
Just wait till more shops adopt crypto and use those shops. You didn't go all in into crypto right?

>> No.4746511
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4746511

>>4746312
How much money (britbong) do I need to make before I get my money stolen by the government?

>> No.4746528

Our founding fathers started a violent revolution that led to the birth of our country over a random tea tax.

>> No.4746533

>>4746454
Yo great idea

>> No.4746555

>>4746216
Cucks pay taxes, faggot
Why should you pay taxes on a trade on a deflationary currency ? that is robbish

>> No.4746579

>>4746385
Did you just now make this picture of your dog?

>> No.4746641

>>4746511
38 year old face on a 24 year old body

>> No.4746642

I don't know. I think I'm fucked.

At one point I had 27k on my gdax account, which is linked to coinbase. And I've withdrawn 16k USD to my bank.

Fortunately I only made 4k wagecucking before quitting my job, but I think the IRS will buttfuck me hard.

>> No.4746679

>>4746183
Nope, I'll find a way to circumvent them.

>> No.4746705

>>4746641
UK in a nutshell

>> No.4746737

>>4746641
bet she gets a lot of older guys

>> No.4746787

The IRS is one of the agencies I absolutely do not want to fuck with. I'll pay my taxes.

>> No.4746805

>>4746183
name of this girl? will pay you in LTC

>> No.4746827
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4746827

>>4746183
Tell the government to send me their bill. Lambos come with some cost anons.

>> No.4746857

Fuck no I ain't paying taxes on money I risked my entire life savings for

>> No.4746891

>>4746857
yes you are

>> No.4746895

>>4746183
Today is the day /biz/ violates the RICO Act and starts laundering money.

>> No.4746920

>>4746787
everyone read this post

>> No.4746935

>>4746183
Tfw no 10/10 cute redhead

>> No.4746939

I rather take my slap on the wrist if i get caught. Keep certain amount of money on the side to pay them IF i get caught.

>> No.4746974

>>4746805
kitty pryde, rapper (I will also sell nudes if you fufill your bargain hehe)
LUeyJxRXRXiuKco4qJYkafW8X5BWT1Yp53

>> No.4746987

>>4746935
She looks like she has a really gummy smile

>> No.4747004
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4747004

Pay taxes??? Never!

>> No.4747014

>>4746974
nvm you can just google those

>> No.4747019

>>4746987
I stand corrected.

See >>4746974

>> No.4747026
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4747026

>>4746183
If dubs i dont pay a fucking penny

>> No.4747047

Seriusly guys, you don't have to pay your taxes so long as you keep the amount you WOULD have to pay on the side for when you get caught. Than you just pay it back and be like "haha woops"

>> No.4747080

>>4747047

This is good advice. I think they can go after you for up to 5 years after you file.

>> No.4747090

>>4746322
>can barely hold a minimum wage job
Odds are your tax rate will be 12%.

>> No.4747096

yes. i think it's still 0% this year so I want to take advantage of it.

>> No.4747122

>>4747080
yes its very good advice, and at the same time your net worth continues to increase. After statue of limitations you take out that years from the pot.

>> No.4747139

Fuck no.

>> No.4747154

>>4747047
>>4747080
There are penalty taxes for not filing and not paying on time.

>> No.4747168

>>4747154
The penalty isn't that heft. The biggest thing they care about is paying it. At least in my country, its probably more strict in the us, since you guys have debters prison and all that.

>> No.4747285

>>4746183
IF we were JUST´d to the ground
WOULD GOV PAY US BACK 20% ???

FUCK THIS SHIT
THIS
SHIT

>> No.4747323

>>4746183
yes, it's not much if you hodl for a year and cash out under 43k

>> No.4747366

>>4746642
just go to HR block at most u owe like 15%

>> No.4747372

>>4746183
Not if I spend all my DOGECOIN on a doll that looks just like her.

>> No.4747458

>>4747285
you know you can claim your loses
>>4747366
no do not do this, find a professional

>> No.4747514

How hard is it to open an account in Panama or Switzerland and just wire the money there directly from the exchange?

>> No.4747726

>>4747514
Saved from another thread:

>"OECD has forced every tax haven to comply with the automatic exchange of tax information. Meaning that the Singapore bank is required to report your funds to the country of which you are a citizen, for tax purposes.

>What you need to do is open an offshore company in Panama, BVI, or states in which there is a low or zero tax. When you register this company, you pay a law firm a one-time fee of about $3000, and a yearly maintenance fee of about $1000. They'll then set up the company for you in the jurisdiction, and act as both Director and shareholders (to make it 100% anonymous). You will be given power of attorney so that you can manage the companies' funds.

>When you've opened that company, you open a corporate bank account in states like Curaçao, Singapore, Hong Kong, etc.

>There you go. You now have a company that is legally owned by a law firm in a nation with a 0% tax rate. You control all of the funds through POA.

>This is how people with money do it."

>> No.4747767

>>4746183
Made for bbc

>> No.4747788

>>4747726
Thanks, man.
Bitcoin has to be 200k per piece for that to be viable for me.. Ah well

>> No.4747820

>>4747788
At least you got digits

>> No.4747850

>>4747047
>Seriusly guys, you don't have to pay your taxes so long as you keep the amount you WOULD have to pay on the side for when you get caught. Than you just pay it back and be like "haha woops"


How is this different from any other law? As long you accept being punished, you dont need to follow the law?

They can't put a chip at your brain that will force you to not kill people as some example

>> No.4747860

>>4747458
>no do not do this, find a professional
H&R Blocks vary widely by location, some are pretty good. There's 2 enrolled agents and a CPA(who owns the franchise office) working at the one near me but they're also top in the region on nearly everything.

>> No.4747866

>>4746183
No.

>> No.4747880

>>4747850
Tax evasion or none payment is entierly a civil matter in my country, only 2-3 people have ever gone to jail over it. You only need pay it back and that is your punishment, If your caught.

>> No.4747890

>>4746555
So the government doesn't fuck your life up.
You also have a duty as a citizen to contribute to our society, but at the very least you should be concerned with keeping the government off your back.

>> No.4747909

>>4746183
What taxes?

>> No.4747944
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4747944

>>4746183
Im all in on Monero, so no I will not

>> No.4747958

>>4747890
>You also have a duty as a citizen to contribute to Laquisha Johnson's 6 kids as well as dem programs to give undocumented immigrants a fighting chance. Don't forget the military black budget and "fixing" our bridges and roads!

>> No.4747960

>>4746183
Got to pay taxes regardless of if I cash out since I've traded crypto to crypto.

>> No.4748076
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4748076

>>4746183
I'm really going to laugh my ass off when the first stories about people getting their money frozen will come to surface.

>John Chingchong, the smart kid "who does not pay taxes" transfer its freshly realized gains to a cayman bank account.
>The AML officer screens the transaction and ask for evidence to document the origin of the funds.
> John Chingchong pulls out a "MUH CRYPTOGAINS" but has not a real job, nor an actual revenues.
> AML officer freezes the assets. Bank wins.

My face when it will happen to countless nerds.

>> No.4748206

>>4746183
if bitcoin goes to a million i will hire a tax consultant to figure that stuff out for me

>> No.4748436
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4748436

>cashing out

>> No.4748832
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4748832

I'll just keep accumulating until you can buy spaceships for crypto, then gtfo faster than the government can get me.

>> No.4748986

>>4746891
Depends on how you go around with it. Not paying taxes will be hard and the IRS will keep pestering you.

You will have to move and renounce citenzenship that's for sure. But lots of mad beta bois who paid taxes and now want you to do the same so they feel better.

>> No.4749089

>>4748076
Yea... these countries are classified as TAX HAVENS for a reason you dumb fuck. They give no shits about AML or KYC as long as you pay.

>> No.4749157
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4749157

>>4746183

>> No.4749194
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4749194

>cashing out

>> No.4749296

>>4746183
I have a quality CPA on speed dial. Former wall st derivatives trader, I have confidence in his ability to keep me out of trouble.
That being said my plan is to hold and keep buying, I'll never sell unless I'm paying for things with btc. Conveniently I don't expect that be feasible until prices stabilize and deflation slows down.