IRS

[Anonymous No.5205612]

Taxation is theft. Who is paying taxes on their crypto profits. How do I get around this?

[Anonymous No.5205639]

>NEETs complaining about theft
that's rich

[Anonymous No.5205659]

>>5205612
You made money doing fucking nothing. Just pay the taxes faggot.

[Anonymous No.5205688]

>>5205612
renounce your shitizenship and get citizenship somewhere else or try to stay under the radar until laws change, assuming they will

[Anonymous No.5205699]

>>5205659
He spent years of his life desu, the most valuable thing there is. Time.

[Anonymous No.5205702]

>>5205612
You ever just wonder how your NEET ass who lived off his mothers womb for 24 years made bank of crypto? Pay your taxes faggot

[Anonymous No.5205712]

There are 1.5 billion people on this planet working for less than 1 dollar a day under conditions you couldn't bear for a minute. If you were born into one of those taxless places you never would have had the opportunity to buy crypto. Fuck off and die. I hope the IRS audits your ass.

[Anonymous No.5205735]

It’s my god damn money. The government will just waste it on sexual harassment hush money and entitlements for feeble minded seniors. Theft!

[Anonymous No.5205748]

>>5205612
You can reduce the impact of taxable events by filing your crypto to crypto trades as like-kind exchanges, but it's only technically legal for one more tax season. You'll always be taxed for capital gains from crypto to fiat though. If you've made enough to move you up an income bracket, you'd better file.

[Anonymous No.5205765]

>>5205735
Then do not vote DEMOCRAT

[Anonymous No.5205791]

so will everyone have to be taxed on every bittrex transaction or is it only from crypto to fiat?

[Anonymous No.5205792]

>>5205659
>>5205702
He invested his money into something most of the world was too dumb to recognize as future money. He owes zero in taxes as he made no contract with the gang that calls itself the government. I hope you stay safe, OP. I live in a 'country' aka tax farm that doesn't yet recognize or track crypto, but once that changes I plan on getting the citizenship of some banana republic.

[Anonymous No.5205795]

>>5205612
>cashing out
>using a non privacy coin
>not moving to a tax haven as soon as you've made it

[Anonymous No.5205801]

PLEASE PAY YOUR TAXES SO THAT THE NEW TAX PLAN WHICH GIVES BILLIONS IN DISCOUNTS TO KOCH BROS AND OTHER 1%ERS CAN BE SUPPLEMTED K THX BYE

[Anonymous No.5205838]

>>5205791
In the US, crypto to crypto trades are still taxable events on capital gains.

[Anonymous No.5205848]

>>5205765
I would never. Do people still do that?

[Anonymous No.5205852]

>>5205792

There are 1.5 billion people on this planet working for less than 1 dollar a day under conditions you couldn't bear for a minute. If you were born into one of those taxless places you never would have had the opportunity to discover or buy crypto. Fuck off and die. I hope the IRS audits your ass.

[Anonymous No.5205857]

>>5205712
You have it ass-backwards, commie. Western countries are rich now because traditionally they enjoyed free markets and low taxation. You commies are ruining them now with your socialist economic idiocy. Please go to North Korea and die of hunger, filth.

[Anonymous No.5205879]

>>5205612
>Taxation is theft. Who is paying taxes on their crypto profits.
Taxpayer reporting in.

>How do I get around this?
Don't be a fag and pay you're dues.

[Anonymous No.5205880]

>>5205712
We don't care about brown people

[Anonymous No.5205894]

>>5205612
>Taxation is theft.

Stop using public roads then senpai

[Anonymous No.5205901]

You don't. Just hack 45% of your gains in half just for a tax fund if you pull out.

Trust me you would rather have something than nothing and in jail (which you also still have to pay the tax).

[Anonymous No.5205914]

>>5205857
seriously tho, people like you who act all hard like "fuck the weak, they can die if they can't afford healthcare" would be the first to die off due to blatant incompetence in any other country.

[Anonymous No.5205917]

I just recently hit $42k in btc which means I'd probably have to pay $15k of that to uncle Sam. Fuck that!

[Anonymous No.5205919]

>>5205894
He'll just get a private jet and build his own runway for the profit lmao

[Anonymous No.5205922]

Just an exercise in thought, not a plan to be clear.

But would it possible to transfer your crypto to someone in a country with better tax rates or no taxes and have them open a bank account, or start a business and pay you a salary? Something like that?

[Anonymous No.5205940]

>>5205919
>Implying that NEET has more than $2000 in profits

[Anonymous No.5205941]

>>5205852
Look at these fucking commies

[Anonymous No.5205954]

>>5205801
The new tax plan doesn’t GIVE anything to anyone. It allows people to keep money that was theirs to begin with. Mother fuckers make it seem like the gov is doing people a favor by allowing them to keep more of what is theirs.

[Anonymous No.5206006]

>>5205857

nice strawman you fucking ideologue. If you were born into a country without taxes you would not have discovered crypto. Fact. But you're an entitled little bitch. No better than welfare recipients.

[Anonymous No.5206028]

Who in their right mind as a civilian non-government worker would actually propagate for taxes? You'd have to be a mentally ill drone with no thoughts of your own.

[Anonymous No.5206051]

>>5205914
The poor in the most capitalist countries are better off than the majority of the population in the most socialist ones. If you care about the weak, you should support unrestricted capitalism, trickle-down economics isn't a meme. But a commie is too dumb to understand economics, only way to teach you is mass starvations and purges to weed out your defective DNA.

[Anonymous No.5206060]

>>5205954
it actually puts more tax dollars back into the most wealthy corporations and individuals in the USA. The money would otherwise fund transit, clean water, education, and other necessary infrastructure programs. Without those dollars, the wealthy keep more of their money, while America becomes even more of a high-priced third world shit hole.

[Anonymous No.5206097]

Why is there so much liberal filth on biz. Gtfo I want to keep most of my money thank you very much fuck off "pay your dues"

[Anonymous No.5206099]

>>5206028
niggers, beaners, mudslimes, and general low IQ trash. stupid, indolent, and violent R-selected monsters that thrive in late stage empire vote-buying schemes

[Anonymous No.5206100]

>>5205894
Stop supporting a forcible government road monopoly, and I gladly will, because government roads are shit. Right now they're rammed down my throat, along with 'payment' for something I never asked for.

[Anonymous No.5206120]

>>5206060
Fucking weasel piece of shit. Stop crying that other people have more money than you and fuck off.

[Anonymous No.5206130]

>>5206051
>trickle-down economics isn't a meme
How to get people to disregard your arguments 101

[Anonymous No.5206149]

>>5205852
I don’t think so bro, no matter what if I heard about dgb I would have found a way to invest.

[Anonymous No.5206183]

I can't wait until these fags are getting buttblasted by Jamal in prison after being indicted for tax evasion. You realize that the whole point of a blockchain is to be a traceable public ledger of who owns what, right?

[Anonymous No.5206204]

>>5206051
>Trickle down economics.
Fucking Reagan, you're supposed to be dead!

[Anonymous No.5206206]

>>5206120
>Stop crying that other people have more money than you
Except that isn't my argument

[Anonymous No.5206210]

>>5205659
I don't want to pay for jamal's kids to come and rape me when I'm 70. I also want to not have to work when I'm that old faggot.

The government is a scam. Its a severe moral issue straight out of the bible.

[Anonymous No.5206212]

>>5205659
>You made money doing nothing, so give it to the government for doing nothing.

They want 35% of my shit. Fuck that.

[Anonymous No.5206253]

>>5206212
>I don't want to pay for the costs of a society I am part of :'(
Then leave, you're not obligated to stay.

[Anonymous No.5206262]

>>5206097
Agreed. But in their defense... I was kinda liberal when I was 18. I had a better understanding of economics and free markets when I stopped smoking bong.

[Anonymous No.5206271]

There's a body of literature citing conservatives as being more easily threatened (higher amygdala activation) and higher disgust sensitivity. This thread really showcases that

[Anonymous No.5206280]

>>5205612
use SALT

[Anonymous No.5206288]

>>5206253
It's the government that needs to leave, it's the invader on my property.

[Anonymous No.5206326]

>>5206253
>costs of a society I am part of :'(
We don't share any costs. Pay for your own shit, leech.

[Anonymous No.5206341]

>>5206051
>trickle-down economics isn't a meme.

[Anonymous No.5206342]

Oof, they amount of commies and statists on this thread is disgusting. Cryptos were originally used and developed as a "fuck you" to statism and taxation, you filthy socialists.

tl;dr don't make me spend my gains on a helicopter instead of a lambo

[Anonymous No.5206346]

>>5206253
I'm giving them a pretty big part of my paycheck to begin with. I'm investing the money they left me with, and they want to tax me on that? Don't say retarded shit like "stop driving on road then hurr" when I'm already paying for the roads.

Not to mention the social security I'm paying that I'm probably never gonna see.

[Anonymous No.5206348]

>>5206271
Incorrect interpretation. Its not that conservatives have a larger amygdala/fear center, its that liberals have a smaller one. They are too retarded to be afraid of things they better damn well be - the government, taxation/theft, invading shitskin hordes, etc. Marxism is a disease

[Anonymous No.5206351]

>>5206288
>>5206288
This is rich, please go on.

[Anonymous No.5206357]

>>5206288
>on my property
it's not your property. you're a fucking anchor baby, dipshit. Who told you you're entitled to anything?

[Anonymous No.5206368]

>>5205848
Ya only poor faggots

[Anonymous No.5206373]

>>5206288
>it's the invader on my property.

Chances are you country's government existed well before you did. They didn't invade shit

[Anonymous No.5206382]

>>5206253
MUH PRE EXISTING SOCIETY

[Anonymous No.5206394]

>>5206326
You don't use roads? You don't get protected by the military? You don't exist within the legal framework?

You absolutely share costs, if you're not paying taxes, you're the leech.

[Anonymous No.5206415]

>>5206373
It's not about who existed first, it's about who appropriated land and other resources through production. The government produces nothing and thus owns nothing, it is a parasite that leeches off its enslaved population.

[Anonymous No.5206446]

>>5206348

Funny how you can say that, when you're the one who misinterpreted me.

You're also more afraid of death, did you know that?

[Anonymous No.5206448]

>>5205612
Move to non extradition tax shelter then cash out.

[Anonymous No.5206449]

>>5206415
and how is it you do not understand that you're at the very bottom of this food chain?

[Anonymous No.5206453]

>>5206415
>The government produces nothing and thus owns nothing

Well the government at least tried to produce semi-intelligent citizens with school, but clearly they failed here

[Anonymous No.5206480]

>>5206326
No, I don't use roads, I'm forced to use roads because the government forcibly monopolizes them. It's like throwing a brick into somebody's window then saying they owe you for the brick. The military and the police don't protect me, they steal from me, and keep competing gangs out from the tax farm.

[Anonymous No.5206502]

>>5206453
>tried to produce semi-intelligent citizens with school, but clearly they failed here
b-but t-t-trump university. the p-p-private sector will educate us better than the state ever could, r-right?

[Anonymous No.5206507]

taxes are a levy on the poor to support the security of the upper classes. thats what they we're first implemented for and thats what they still are today

think those roads and state schools are for your benefit? top kek. its all to keep together a massive social economic conglomerate of which you are nothing but a serf.

Break free from the rat race or die miserable.

[Anonymous No.5206520]

>>5206394
>creates a monopoly on roads and military
>regulations prevent any realistic private sector competition
>"hurr durr the government builds things so we need to pay it to build more things because without it who would build the things they don't allow anyone else to build"

fuck off with your circular reasoning, commie brainlet

[Anonymous No.5206523]

Is this thread a joke? I'm going to pay my taxes, but I don't understand how to do that.

Capital gains is cash value and 15% if i hodl or 30% if its shorter than a year?

[Anonymous No.5206585]

>>5206480
>No, I don't use roads, I'm forced to use roads because the government forcibly monopolizes them. It's like throwing a brick into somebody's window then saying they owe you for the brick. The military and the police don't protect me, they steal from me, and keep competing gangs out from the tax farm.

>what do you think is gonna happen if you don't pay them off, smart ass?

[Anonymous No.5206613]

>>5206502
>trying to make make an ironic statement to prove your opponent is ridiculous
>the statement is actually true

If you think that public schools provide a better education than private schools you are a legit retard

[Anonymous No.5206631]

Conservatives are so easily triggered.

in 2016 libtards just spouted words like fascist and racist to avoid the argument. Conservacucks do the same thing in 2017. "Commie" "Soyboy" "Cuck". True scholars.

[Anonymous No.5206641]

>>5206613
t. university of phoenix alumni

[Anonymous No.5206656]

>>5205712
people like you will be the first to get the rope faggot

[Anonymous No.5206666]

>>5206613

My public school was fuckin' great

[Anonymous No.5206675]

I pay property tax on my home. Retail sales tax on most of my purchases. Federal income tax on my annual salary... enough is enough. I pay my “fair share.” Now they want a piece of my memecoins ?!

[Anonymous No.5206702]

>>5205659
He took risk faggot.

[Anonymous No.5206705]

>>5206666
quads

[Anonymous No.5206709]

>>5206631
Calling your opponents what they are isn't a fallacy. You guys sound like typical government bootlickers.

>inb4 corporate shill

Corporations don't exist without government.

[Anonymous No.5206725]

>>5206656
>first to get the rope
lmao in what fucking holy race war will this occur you delusional brainlet?

[Anonymous No.5206745]

>>5205765
wroing faggot. there is no democrat or republican dont you ge it? Never vote for a for or a jew lover. chump is a jerw lover, so was obama and hillary.

[Anonymous No.5206785]

transfer those gains to someone in a lower tax bracket

[Anonymous No.5206807]

>>5206666
hell isnt a school, satan.

[Anonymous No.5206821]

>>5206675
Illegal immigrants, welfare babies, and blood sucking career bureaucrats won't pay for themselves rube

[Anonymous No.5206835]

>>5206709

So why haven't you moved to Somalia?

[Anonymous No.5206840]

>>5206709
>Corporations don't exist without government
that's why you're so ironic. you "hate" the gov't except you support corporate welfare, subsides via the gov't with your tax dollars. you literally promote welfare for an extremely wealthy 1% over your own struggling neighbors.

[Anonymous No.5206849]

>>5206835
because black people live there

[Anonymous No.5206860]

The goyim in this thread are giving me a headache.

Isn't it funny how your masters all avoid taxes?

Repeat with me: I am a slave, I toil to serve my masters for their benefit and not mine.

[Anonymous No.5206871]

>>5206835

I'm assuming because it is filled with useless niggers.

[Anonymous No.5206872]

>>5206060
I like how you left out military spending like it doesnt even matter.

[Anonymous No.5206876]

>>5205612
when is monero having direct cash outs?

[Anonymous No.5206910]

>>5206060
>The money would otherwise fund...education

Great. "Education" in 2017 is merely BLM activism. Love to see it cut.

[Anonymous No.5206914]

>>5206835
>holy shit he fell for the somolia meme

If you genuinely think that a failed state is the same as an anarchocapitalist society, you're so retarded you would've been gased in WWII.

[Anonymous No.5206915]

>>5206835
Somalia is full of violent niggers that are mentally disabled because they have shit for brains.

[Anonymous No.5206923]

>there are people unironically defending paying taxes ITT

the absolute state of this board

[Anonymous No.5206935]

>>5206872
you're 100% retarded. I'm glad we have a military budget. And that's my point: I'd rather our tax dollars benefit our country than the koch bros

[Anonymous No.5206949]

>>5206840
Hi, I'm reality. Have we met? I'm a fucking ancap, so I hate bailouts and subsides as much as I hate taxes.

[Anonymous No.5206951]

I think the /pol/ phenomenon and alt right surge has gotten to people's heads.

Hardly anyone used to talk like this before. Now it's a hivemind. Yes government is inherently evil (no such thing), everything is a Jewish conspiracy, illegal immigrants and blacks are responsible for ALL ills in the world.

[Anonymous No.5206986]

>>5206351
Government has no right to interfere or impede the enjoyment of private property.

[Anonymous No.5206997]

>>5206915

If I want to usher in a NWO where everyone with a sub 140 IQ is gassed, would you oppose?

[Anonymous No.5207045]

>>5205792

[Anonymous No.5207046]

>>5206997
140IQ blacks are still black, civcuck.

[Anonymous No.5207073]

>>5206935
You love mayonnaise don't you cuck.

[Anonymous No.5207082]

>>5205879
you are a nigger

[Anonymous No.5207123]

Please guverment .. build more roads so I can drive far far away from these evil corporations

[Anonymous No.5207150]

>>5206280
Explain to me why using SALT would allow this?

[Anonymous No.5207155]

>>5205838
They are!? Fuck. But I don't have any benefits of my crypto yet. I haven't cashed out. What do?

[Anonymous No.5207156]

>>5206006
>a country existing
>without taxes

[Anonymous No.5207177]

>>5206051
>trickle-down economics isn't a meme
I don't have anything to say about this, I just wanted to be the fourth person to laugh at you

[Anonymous No.5207182]

>>5206028

[Anonymous No.5207187]

>>5206923
Pay your fair share anon. Muh roads

[Anonymous No.5207217]

>>5207177
> I don't have anything to say about this
Of course you don't. No commies can explain why they think it's a meme.

[Anonymous No.5207225]

so many beta cucks afraid of the irs

only 600 people declared income from crypto last year according to the irs

[Anonymous No.5207229]

>>5206028
I don't want pic related, as hilarious as it is.

[Anonymous No.5207247]

>>5206100

[Anonymous No.5207255]

>>5205879
>you're dues.

Oh, I see

[Anonymous No.5207283]

>>5206523
I think it's 20% if you hodl, and 30-40% if shorter than a year.

[Anonymous No.5207286]

>>5205659
The government neither risked nor insured the money he put forward yet they're entitled to a whopping percentage of it for no fucking reason.

It's pure fucking theft and the worst part is that you and I and everyone else know that they will waste is on completely useless nonsense. The government is literally nothing more than the Mafia at this point.

[Anonymous No.5207313]

>>5207150
I have looked into every option, Salt is shit.
People say take a loan and dont day
But to take a loan the value of the collateral has to be significantly higher than the loan.

Only way to save taxes is use your wife's lower tax bracket and show some your gains hers

[Anonymous No.5207325]

>>5206183
MY NIGGER IT IS ANONYMOUS

[Anonymous No.5207343]

>>5206149
I F

[Anonymous No.5207367]

>>5206271
so now liberals are into race theory?

[Anonymous No.5207377]

>>5206520
Any corporation can make their own road system, but who would use them? The government offers roads for free. Paying some jew $20 per trip into town isn't very appealing.

If commercializing roads were viable, corporations would have bribed our politicians to let them get in on that already.

[Anonymous No.5207410]

>>5205612
I don't pay taxes period.
So easy to get around them in this day and age.

[Anonymous No.5207418]

>>5207325
Nope, not unless you're talking about monero or dash. Read a book dumbass.

[Anonymous No.5207444]

>>5206446

[Anonymous No.5207450]

>>5205612
>not turning crypto into solid things that retain value so they can't tax the fuck out of you
>not buying a metric fuckload of gold or silver or some shit with all the asstons of crypto you probably have
casuals, all of you are casuals.

[Anonymous No.5207484]

>>5206502
Classic liberal b8, those niggers want to infect you with the same thought process they've festered from slurping up Fake News cum

[Anonymous No.5207495]

>>5207286
I wonder how much they spent on that Russian collusion investigation larp? It’s been a year now... they still keeping that one going?

[Anonymous No.5207511]

>>5207217
>Give companies tax breaks, they'll put that money back into the economy by increasing wages that they don't need to increase and employing more people that they don't need to employ!

You see now why you're retarded?

[Anonymous No.5207514]

>>5207377
a) the roads are already built
b) any company would have a financial incentive to pay for a road toward their business
c) costs of roads in new neighborhoods would be factored into house costs

There wouldn't be many toll roads, as roads would naturally be built before anything else could be built.

[Anonymous No.5207618]

>>5207511
The alternative to that is what?
>increase taxes on corporations. Force some to go overseas or layoff employees.
>use the tax money to fund foreign wars... maybe another regime change. Cell phones for the homeless

[Anonymous No.5207657]

>>5207377
>the government
>offering roads for free
tell me anon, have you ever passed through a toll booth?

[Anonymous No.5207672]

>>5207514
The problem with this is that whatever corporation builds a road connecting two towns can just charge whatever they want for people to use it, because people HAVE to use it. Or worse, you'll get multiple corporations competing against one another and you'll have 8 roads between those two cities when you only need one.

[Anonymous No.5207691]

>>5207618
>stop using greentext
>as if it's something you find on tumblr
>you freeloading nigger

[Anonymous No.5207710]

>>5207618
No one said anything about an alternative. I'm addressing the positive claim that trickle down economics works when it, in fact, does not. And it's common sense that it wouldn't. Corporations aren't charities.

[Anonymous No.5207805]

I will pay all taxes due. I would not thrive in a prison environment. Some prison menus NEVER serve tendies.

[Anonymous No.5207810]

>>5207710
>Corporations aren't charities.
They spend money to make money. If a business is profitable they will use their money to start their own new businesses or invest in others. If there is no profitable business, they will save until there is. Savings are deferred consumption.

The alternative is take the money and have the government spend it on trash.

Trickle down works. It can't not work unless you are a communist who believes government spending is efficient and that savings are evil.

[Anonymous No.5207850]

>>5207710

"Trick down economics" aren't a real thing you politico titsucker

it's called supply side, the idea isn't that they go out and hand bags of cash to people, it's that enabling corporations to grow without tax curbs results in greater amounts of jobs and growth and reinvestment

rather than going to some fat useless bureaucracy who then take their cut and disperse the rest to fat useless unemployed people

[Anonymous No.5207918]

>>5207810
>Trickle down works
Those are some hot opinions you've got there. It would be a shame if someone were to test them with some data.

[Anonymous No.5207964]

>>5207918
Economic freedom, low taxes, low corporate taxes and low capital gains taxes are correlated with economic wealth.

[Anonymous No.5208025]

>>5207964
Maybe, but the entire point of trickle-down economics is the eventual distribution of that wealth, which doesn't happen.

[Anonymous No.5208085]

>>5208025
It certainly does. Everybody gets richer. Somebody being richer than you doesn't mean anything.

[Anonymous No.5208102]

>>5207810
>>5207850
That's funny, I wonder why the period where the top tax rate was 94% was one of the best times for GDP growth? And I wonder how all these billionaires manage to make so much if they're reinvesting their money?

It's almost like de-incentivizing money hoarding makes it easier for that money to flow...

[Anonymous No.5208108]

>>5207964
You just put some nice sounding words in a sentence. Now show me some numerical data, like what's used in actual not-made-up economicss, that your "trickle down economics" isn't a sham. I'll be here waiting.

[Anonymous No.5208129]

>>5205941
This

So many cucks on this board... we need more /Pol

[Anonymous No.5208144]

>>5208025

People are not the same and aren't capable of attaining the same amount of value

Did you ever learn about evolution in school. Do you want to hinder evolution by arbitrarily spreading shit out and fucking with a 1 billion year old time honored system?

Because any country that does that will eventually succumb to the ones that decided not to, since this shit is merely fractal.

[Anonymous No.5208184]

>>5208102
>I wonder why the period where the top tax rate was 94% was one of the best times for GDP growth?
It's a myth. FDR's death and the end of WW2 saw a massive drop in government spending and thus growth during Eisenhower's years, but that's it. The post war economy was a disgrace, a socialist failure that came crashing down in the 70's and the Regan years were a period of prosperity.

[Anonymous No.5208189]

>>5205612
fuck the IRS. they literally will never see a cent from me, mainly because i'm not a US citizen, though

[Anonymous No.5208213]

>>5208102

Because you're looking at the top. In terms of macroeconomics, it can take 10-20 years for policies to have their real effect realized. That was the government capitalizing on a boom period that already existed.

Literally buying high.

>money hoarding

You're on fucking /biz/ of all places and spouting that meme? They don't hoard their wealth, they reinvest it. It's in stocks and venture capital and their own new business propositions. "Net worth" isn't all free cash retard.

[Anonymous No.5208230]

>>5208085
>It certainly does. Everybody gets richer.
Objectively wrong. Pretty much all objective data points to the contrary, and that you actually believe this betrays your naïveté.

[Anonymous No.5208249]

>>5208213
>You're on fucking /biz/ of all places and spouting that meme? They don't hoard their wealth, they reinvest it. It's in stocks and venture capital and their own new business propositions. "Net worth" isn't all free cash retard.
This pretty much ends the "hoarding" meme. These people imply that it's under their mattress or something.

[Anonymous No.5208298]

>>5208184
>It's a myth.

Hoo boy, wait until word gets around, I'm sure all those historians and economists are gonna have egg on their faces once they learn that all the facts and data they've accumulated is actually a Soros-funded hoax

[Anonymous No.5208303]

>>5208249

The West objectively became rich and powerful off the back of a free market and small, non-invasive government dumbass.

The British Empire conquered the world through their corporate East India paramilitary.

You're a objectively a sheltered redditbabby living in the era of the children of greatness squandering their ancestors' accomplishments to pay for gibs and refugees.

[Anonymous No.5208305]

>>5208144
You're arguing on the premise that we live in a meritocratic society; we don't. Intergenerational wealth is proof of that, the wealthy not only have an easier time generating income, they also have an easier time retaining it.

[Anonymous No.5208320]

I literally now have more in crypto than i ever had in my bank if i deposit like 5k you think they sill snitch

[Anonymous No.5208354]

>>5208305

Why wouldn't people who spent their lifetime building wealth to pass on to their children pass on their wealth to their children

You totally misunderstand principle like that. It was earned by an individual who has the right to decide who gets it, more than likely going to be the most important people in his life, not joe pothead and tina foodstamp.

[Anonymous No.5208355]

>>5208298
Indeed. It's quite simple to simply look at the massive reduction in government spending after WW2, but socialists posing as academics are pretty stupid. The economic problems of the 70's are a fact of history.

[Anonymous No.5208412]

>>5208249
>>5208303
>When paranoid schizos forget who the boogeyman currently is

[Anonymous No.5208451]

>>5208355
So basically, we need massively reduced government spending along with massively increased taxation on the upper class.

I can get behind that I guess

[Anonymous No.5208472]

>>5205612

>Americans all asking how to avoid tax
>Australians all searching for clarity to pay tax correctly
>Canadians searching for anyone that will respond

No wonder your country is fucked, just pay it. It's people like you giving the governments a reason to regulate the fuck out of this shit.

Paying a large amount of tax means you earn't a large amount of money, take it as a compliment.

Yeah it sucks that you're paying off the debt of a previous generations fuck up, but at least you'll still be rich after it.

You cannot avoid taxes unless you like prison. Just remember that when you have to pay taxes, pay the least amount possible.

[Anonymous No.5208482]

>>5208354
I'm not saying that there should be no transfer of wealth to one's heirs, I'm saying that the excess accumulation of that wealth in the upper class doesn't agree with your assessment that the economy operates on evolutionary principles.

[Anonymous No.5208483]

The government has an import role in protecting property righrs, promoting market efficiency, maintaining a justice system and funding economic public goods(non excludable/nonrival) I seriously question what percentage of these threads are just trolls. And what percent are actually retarded?

[Anonymous No.5208493]

>>5208412

Corporations are no boogeyman. They are pitiful and can disappear in years if people stop giving them money. Look at Blockbuster.

Governments can genocide 10% of their population and get away with it. I think I'll keep my attention on keeping that contained. You're merely fooled by authoritarians into buying their sob story on their way to the top.

See: the NN hysteria.

[Anonymous No.5208514]

>>5208451
No we need massively reduced spending along with massively reduced taxes on everybody.

Why would you want to tax the rich if you also want to cut spending?
The crux behind anti "trickle down" economics is that government uses money more economically efficiently than rich people (preposterous claim), and therefore the government should take their money so that they can spend it.

[Anonymous No.5208581]

>>5208472
>Yeah it sucks that you're paying off the debt of a previous generations fuck up, but at least
pretty sure they are running a deficit now bro. Not that it matters. most first world countries pay low as fuck interest rates that they might as well for all eternity.

[Anonymous No.5208593]

>>5208472

>getting robbed
>take it as a compliment

what kind of cuck are you?

[Anonymous No.5208602]

>>5208482

Yes it does. You misunderstand the value of time. With time, a piece of land that was worth nothing when your great grandfather bought it could be worth millions when you're a kid. Other assets and investments appreciate exponentially as well. And if you don't burn it all, it just sits there gaining value.

They aren't vacuums sucking in your cash. Wealth simply has a tendency to compound. The capable will find their own way into wealth. And the incapable rich will inevitably burn it and hand it over to someone else, you're simply impatient and believe in constant turnover.

I'm not an anarchist, infrastructure and regulation is important, like a cage, but rewarding mediocrity with "redistribution" is a recipe for a self feedback loop of growing failure.

[Anonymous No.5208622]

>>5208514
>The crux behind anti "trickle down" economics is that government uses money more economically efficiently than rich people (preposterous claim), and therefore the government should take their money so that they can spend it.
The rich don't spend all of the money they make, so you end up with wealth being generated but not benefiting the economy. The government might not spend as efficiently, but at least they spend on public projects.

[Anonymous No.5208665]

>>5208514
..."preposterous claim?"

The government is incentivized to spend it on the well-being of the poor (many people benefit). The rich are incentivized to hoard it in trusts (few people benefit). Stop being retarded.

[Anonymous No.5208678]

>>5208514
trickle down is a strawman of supply side. You fucking moron. Nobody actually supports "trickle down" IIRC the term was invented by Bill Clinton to make fun of the Chicago school. Mind you modern republicans seem to aim to be caricatures painted by dems.

[Anonymous No.5208696]

>>5208622
> The rich don't spend all of the money they make
Savings (deferred consumption) and investments are good for the economy.

The money doesn't just sit under their mattress.

Taking the money from them to spend it on frivolous nonsense - right now - because "all spending is good, period" is disastrous. anti trickle down is a dangerous catastrophic philosophy.

[Anonymous No.5208759]

>>5206253
society never gave a fuck about me
so neither will I, cheers!

[Anonymous No.5208764]

>>5208493
I was talking about the guy you were responding to, dum dum. You just friendly fire'd a dude who was agreeing with you, lol

>>5208514
Actually the crux behind anti-trickle down economics is that they don't do anything but make the rich richer. Companies employ the bare minimum of people that they can get away with, giving them more money does nothing but give them more money. I'd say trickle-down economics is a failed experiment, but it actually had the intended effect: enabling the rich to consolidate their wealth and become richer.

[Anonymous No.5208767]

>>5208665
> welfare is more efficient than investments
No.

[Anonymous No.5208771]

>>5208622
>The rich don't spend all of the money they make

it's like after month of staring at coinmarketcap you still haven't figured out that decreased availability of money increases value of the coins in circulation.

> at least they spend on public projects.

public projects are garbage and set up to failure because they're not build with profit in mind and are therefore not self sufficient. as long as they last they are money drains.

[Anonymous No.5208791]

>>5208593
Not a low IQ degenerate, apparently.

[Anonymous No.5208794]

those who think they can hide from uncle sam will be raped double time. once financially when their assets are seized. and again by bubba when they are in prison for tax evasion/money laundering.

[Anonymous No.5208801]

>>5208764
>giving them more money does nothing but give them more money
Which they then put under their mattress forever?

You have no theoretical explanation for your money hoarding theory.

[Anonymous No.5208816]

If I have a personal Corp can I transfer my meme coins to a wallet registered to it then trade for BTC and cash out and lower my taxes? I need to talk to a tax attorney. Fuck all you fags shilling to pay full capital gains tax, funding corporate and minority gibs LMFAo

[Anonymous No.5208824]

>>5208696
>Taking the money from them to spend it on frivolous nonsense - right now - because "all spending is good, period" is disastrous.
Sorry, but underfunded education, infrastructure, and welfare isn't "frivolous" by any means. It isn't only deferred spending, it's excess accumulation of wealth.

[Anonymous No.5208829]

>>5208771

See: any lower income urban project ever
See: those shitty city schools that have money and grants thrown at them and still race to the bottom

Collectivist madness will ruin a society

[Anonymous No.5208880]

>>5208824
> education
Money burned.

How is it underfunded?

[Anonymous No.5208885]

>>5208824

>underfunded education

Yes yes, we need to pay even more and more administrators to do nothing and steal money from the teachers and confuse the children while our PISA scores decline by the year

More money!

[Anonymous No.5208919]

>>5208824
feel free to donate all your money to these great causes which produce such fabulous results just don't make me

[Anonymous No.5208927]

>>5208771
>>5208622
>>5208514
I seriously cant decide who is more fucking retarded.
But I'd like to at LEAST point out that most rich people savings isn't actually pulled from circulation. It's called fractional reserve banking....
just seems like a weird nonexistant thing that is hampering your retardation off.

[Anonymous No.5208935]

>>5208791
>forcing countries to pay for criminals and alcoholics
>not degenerate

[Anonymous No.5208945]

>>5208581

>people still put money in bonds that return money slower than inflation takes it

[Anonymous No.5208947]

>>5205922
have you heard of income tax

[Anonymous No.5208976]

OP here. You faggots will argue all night long. I started this thread to see if anyone had suggestions during tax season. I don't want to pay taxes on my crypto. I pay a fuck ton of taxes already. I guess I'll just discuss with my accountant. Damn 4chan..

[Anonymous No.5208980]

>>5208880
>>5208885
Data from a libertarian think tank regarding government spending isn't exactly objective.
And regardless, inefficiencies in a system aren't reasons to cut funding.

[Anonymous No.5209002]

>>5208945
as long as nominal interest exists it's still better than holding currency though it is near the lowerbound. But I mean it's 0 risk so thats that you get.

[Anonymous No.5209011]

>>5205612
The main bullshit I can't stand is paying taxes in gains that are not in true dollars but monopoly money. So I exchange eth for a coin that's dipping and convert back to eth for a decent gain. Now I owe for those gains even when I wake up the next morning and my eth tanked clearing out my previous profits? At least with actual dollars gains would remain relatively stable no matter what. Fucking bullshit

[Anonymous No.5209015]

>>5208696
>deferred consumption
Lol, apologia intensifies. I'm sure Apple is eagerly awaiting the right moment to spend that $257 billion they're sitting on, right?

[Anonymous No.5209033]

>>5205879

Look at this boomer gov shill faggot

I've seen him shilling taxes before using the same tom and jerry pics

Die already you pathetic old faggot

[Anonymous No.5209049]

>>5208935

DID YOU KNOW FACT:

The portion of your tax money that goes to elderly peoples pensions is significantly greater than the portion that goes to welfare

[Anonymous No.5209057]

>>5206357
my ancestors owned slaves. some of them moved west and genocided all the indians. Eventually we'll get to a tipping point where whites need another holocaust to return the world to acceptable living standards. The time will come and you'll be in the oven also. We've done it countless times throughout history and you know it rings true for the future. You and your mentally ill kind will not exist anymore

[Anonymous No.5209066]

>>5209015
>they're sitting on
Under their mattress, right?

[Anonymous No.5209072]

>>5208801
>You have no theoretical explanation for your money hoarding theory.
I don't need one, I have a practical one. People don't just spend money that they accumulate, especially not anyone greedy enough to make it to the top. You don't get there by spending money, dude, it's pretty common sense.

[Anonymous No.5209074]

>>5208980

Authoritarian and pro big government entities aren't going to publish it. That's how this works, everyone is on some side and have an agenda. Did you think WaPo and NYT were objective?

You can scrutinize the data if you want. As it turns out, throwing more and more money to get consumed by an exploding middle layer group of administrators isn't cost efficient. And that's how this shit always goes: the middlemen in control (administrators), pay themselves and hire more of themselves until you have a disgustingly inefficient anti-meritocratic system that collapses the entire thing.

College is in the middle of this and we'll see how long it takes until people raise their eyebrows at $100k/year tuition because there are 30 administrators for every fucking student.

[Anonymous No.5209085]

All the traditional ways of hiding capital gains work. Do your own research.

[Anonymous No.5209099]

>>5205612

>The IRS face when all of their precious fiat currency is worth nothing

[Anonymous No.5209104]

>>5205941

Where the fuck are they all coming from?

Fucking communist statist faggots

[Anonymous No.5209119]

>>5208927
how does that negate anything? you're still keeping sums from circulation by not spending. the biggest part of our money supply is mere numbers in a computer.

[Anonymous No.5209131]

>>5205712
>defending taxes

[Anonymous No.5209170]

>>5209072
Actually you get there by spending a shit ton of money intelligently.

[Anonymous No.5209188]

>>5209072
> I don't need one, I have a practical one. People don't just spend money that they accumulate
You think the money is just stored under their mattress, you really think that don't you? You have no concept of investments, yet are somehow on /biz/.

Even if it's just stored in a bank, that's money that is loaned out. In a true market economy, those savings would be absolutely vital - there would be no other source of loans. In our economy where money printing is allowed by the central bank, more money in the bank at least prevents the need for more money printing.

[Anonymous No.5209189]

>>5208880
>federal spending
lmao who cares
>>5208885
would love a sharable link here

[Anonymous No.5209197]

>>5209049

FUN FACT:

I hate both the poor and the old. They suck: One of the two was too stupid to invest and the other got old.

[Anonymous No.5209216]

Taxes are the protection money you pay to feral minorities to keep them from killing you.

[Anonymous No.5209327]

>>5209066
You're really insistent on that meme. Yes retard, 257 billion in USD is somehow being stored under a mattress.

But seriously, yes, they're hoarding that much. https://www.cnbc.com/2017/05/02/apples-cash-hoard-swells-to-record-256-8-billion.html

[Anonymous No.5209330]

>>5209119
velocity of money effects value but in the manners you insinuate. while the money multiplier makes it so the effect isnt as large as you think. At least 80% of your savings account is being lent out to spend. Money spent on stocks or bonds are spent immediately. Also Im some sort of outdated retard who agreed with the Sollow model that increasing savings rate can't create longterm growth because depreciation just pulls back into equillibrium.

Also I have a question. Do you think a trade deficit is bad? why do people obsessed with saving contradict themselves on this?

[Anonymous No.5209350]

>>5205659
He risked his money on the line. I don't see you complaining when board directors who attend 2 hour meetings biweekly and do nothing else but play golf or hole up in brothels the rest of the time pay less taxes than you. You and your logic are what enables this unfairness
T. Uncle is old money Jew and he unironically does this things

[Anonymous No.5209359]

>>5206507
The rich pay a majority of the taxes.

[Anonymous No.5209404]

>>5206835
>go live in a failed socialist state

[Anonymous No.5209406]

https://m.economictimes.com/news/economy/policy/bitcoins-it-notices-to-4-5-lakh-hnis-across-the-country/amp_articleshow/62123810.cms
Happening in india

[Anonymous No.5209437]

>>5209216
>>5209104
>>5208919

[Anonymous No.5209466]

>>5207156
>anything beyond sales or voluntary tax would be necessary in a minarchist society

[Anonymous No.5209488]

>>5205612
Pay the taxes dipshit.
Look at those gains.

If you're an american, nvm, you fuckers don't even have free health care and still pay taxes.

[Anonymous No.5209512]

what if i dont cash out and just use btc to buy an apartment building or something?

[Anonymous No.5209516]

>>5207377
>current toll roads aren't already public funded

The state literally can't do anything right for commerce.

[Anonymous No.5209562]

>>5209327
> You're really insistent on that meme.
Because you continually insist that's what's happening.

Where is Apple's cash stored?
I don't know off the top of my head, but according to some guy on Quora
https://www.quora.com/Where-do-large-companies-like-Microsoft-and-Apple-keep-their-cash

"The following tables summarize the Company’s available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category as of September 25, 2010 and September 26, 2009 (in millions):"

Their "cash" isn't just lying around in paper money in some locker - it is stored in "cash equivalents", i.e., financial instruments that can be liquidated quickly.

[Anonymous No.5209582]

>>5209359
Wrong.dont look at absolutel values fagot, calculate it relative to their wealth

[Anonymous No.5209584]

My problem is that paying taxes is so fucking complicated and I am so bad at doing this kind of shit that even if I do want to pay taxes I am bound to fuck something up.

And mark my words, I am amazing at fucking shit like this up. I fear that I am going to go to jail for genuinely just being an idiot.

[Anonymous No.5209586]

>>5209516
Not while they're commercially owned, they can't.

[Anonymous No.5209600]

Convert to Monero

Convert back to BTC

Order from a gold site like Kitco or JM Bullion that accepts Bitcoin.

Better if you have someone else give you their address to order to

Sell your gold back to a precious metals exchange

This costs about 10%. Better than the 28% on capital gains.


OR you can just use localbitcoins and have a huge amount of cash

[Anonymous No.5209630]

>>5208976
just use monero you faggit

[Anonymous No.5209661]

>>5209600
this

[Anonymous No.5209758]

>>5205612
>Accumulate crypto
>buy gold bullion anonymously
>sell gold bullion for cash

Simple

[Anonymous No.5209764]

>>5209330
>>5209330
honestly, I'm just trolling. But, since you're actually not full of shit (which I really respect): you're right, savings don't impact velocity of money too much. saying your money is lend out, may not be completely accurate, as debt usually gets 'monetised' (honestly, I can't think of the right word right now - and google didn't help either) - and leads to 'de novo money creation'. (at least in the eu as far as I'm aware). but well, I might be wrong.

as to trade deficits: I tend to say 'no', but I have no clue. I need to think about it.

[Anonymous No.5209828]

>>5209512
do you think there's no taxes when you buy an apartment?

[Anonymous No.5209850]

I'll pay my taxes when I can pay in crypto.

[Anonymous No.5209882]

>>5209582
wtf are you talking about? Even if we had flat tax rich would be paying more with progressive tax plus the insane amount of transfer payments they pay a lot more. Problem is welfare at both ends though.

[Anonymous No.5209913]

>>5207286
The government did nothing but issue the money (which, if he's American, is the reserve currency of the entire world) and provide a world for them to grow up in

[Anonymous No.5210016]

>>5208493
Can't corporations have their own interests that aren't in line with what society's as a whole? For instance (at a product level), sacrificing quality of goods for better profit margins. Generally suppressing wages for better profit margins (Adam Smith mentions this as bad, and he's the Scottish father of economics).

[Anonymous No.5210143]

Didn’t know biz was full of statist theft-endorsing cucks. Best of luck, OP. Don’t pay a penny more than you can avoid.

[Anonymous No.5210196]

>>5209330
>>5209764

k, thought about it: in the long run you get butt fucked unless you have inflation (as in amount of currency, not price inflation) under tight control.

there's a problem though that within the scope of national currency and the topic of saving the "missing currency" may trigger increased money creation due to a certain level of 'misinformation' created by the distortion of it being unavailable.

the bigger problem though is the idea of a 'bank run' on your nation. well, anyway, it's not like I'm anywhere close to reality here.

[Anonymous No.5210544]

>>5206666

>Muh school wuz fuckin' great!

Really shows.

[Anonymous No.5210598]

>>5205748
>like-kind exchanges
Not really famm. This is a grey area at best. I wouldn't chance it.

[Anonymous No.5210718]

>>5208678
>trickle down economics
>invented by bill clinton
im sure theres a dick somewhere that misses your mouth

[Anonymous No.5210783]

Will the new tax plan raise taxes on crypto?

[Anonymous No.5210803]

>>5206951

Well most of that is 100 percent true.

Whats the matter with everyone knowing the truth and being red pilled, anon?

[Anonymous No.5210833]

I didn't report my crypto gains this year and I don't intend to next year. How is the government gonna find out what I did on kraken or bittrex?

[Anonymous No.5210927]

>>5207255
You don't get the meme, newfag

[Anonymous No.5210942]

>>5205612
b-but muh roads

[Anonymous No.5210950]

>>5210833
playing with fire son

Coinbase just handed over user records to the IRS (thankfully, only for whales, but no reason why it wouldn't be expanded in the future). You think Kraken and Bittrex are safe?

The exchanges are businesses and they want to operate legally. You think they give a shit about protecting your data?

[Anonymous No.5210979]

>>5210833
They are legally obliged to report your earnings to the IRS, this was explained to you during verification processes

[Anonymous No.5210985]

>>5210833

how'd you get the coins on those exchanges in the first place? of course the gov can find out you already played yourself if you cashed out.

[Anonymous No.5211020]

>>5210950

not really for whales. anyone with 20k in transactions. which could be 20k in smaller transactions. it's a move to prove that evasion is happening. once they get that, they'll go after the small timers with an amnesty deal. they're coming.

[Anonymous No.5211021]

>>5210979
>They are legally obliged to report your earnings to the IRS
Wrong.

[Anonymous No.5211041]

the government ladies and gentlemen:
>wont accept crypto as a legal tender
>wants to tax profits

[Anonymous No.5211126]

>>5209197
both were too stupid to invest. If the boomers had invested their money like financial literate people we wouldnt need to pay for their fucking mistakes

[Anonymous No.5211131]

I wish I could pay taxes but I lost everything in the rare pepe crash.

[Anonymous No.5211270]

>>5205612
It's unfair
The government is too useless to make money on its own. Hell it's too useless to even NOT go into debt. Its financial management is deadbeat nigger-tier
Instead of doing investments on their own they just wait for you to do everything and take half your shit like your gold digging wife

And for what reason? The roads i don't use since i mostly stay at home? The education system that teached me that "hitlers mum was jewish and left him on the streets when he was little, contributing to his antisemitism"? The 3rd world healthcare system I've literally never had to use?

Fuck governments

[Anonymous No.5211303]

>>5207150
Its a loophole in the law and its perfectly legal. Also dont listen to that retard that replied to you, SALT is the most cost effective way to cashout your crypto.

[Anonymous No.5211316]

>>5211126
we're paying for the idea of fixing a system by increasing complexity. every time something malfunctions we regulate it (more), thereby creating more ways for it to fuck up.
also there's this whole array of ponzi schemes we conceived of, and we're all dependent on now.
we're not paying for the boomers, we're paying for the believe that we can make it better. that we can design human action. we're idiots - and like idiots we designed.