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/biz/ - Business & Finance

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6935648 No.6935648 [Reply] [Original]

>2018
>paying taxes on an anonymous, unregulated, untraceable source of income

You guys really do this?

>> No.6935729

good luck spending your anonymous, unregulated, untraceable cash on something more than bread and butter idiot

>> No.6935755

>>6935648
How do you actually turn crypto into numbers in your bank account without paying taxes on it though?

I was thinking I would make small deposits of $1,000 here and there to not alert anyone, but I decided to just deposit whatever i feel like and just pay the taxes and play it safe.

Remember when coinbase got audited? I would rather not risk getting dunked on by the IRS 3 years down the road because I used coinbase today to pull out some money

>> No.6935760

>Anon deposits $10,000 into his checking account

>Bank notifies IRS of large deposit

>you have some explaining to do

>what is IRS
>what is taxes

>> No.6935767
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6935767

No. Taxation is theft

>> No.6935769

>>6935648
>too stupid to pay 1 dollar to the tax man for some gains

>> No.6935810

btc - monero - gold - cash - cash purchases

>> No.6935857

>>6935729
>>6935755
>>6935760

I'll take offshore accounts for 400 Alex

>> No.6935943

Bottom line is the only people paying taxes on crypto right now are the people stupid enough to volunteer their earnings.

Tax evasion is practically an olympic sport in the business community you guys. The fact that you think the IRS will come after individual retail investors for something that there are not even established codes for is laughable and you are essentially volunteering a percentage of your earnings.

>> No.6936496

> uses an exchange and voluntarily gives details to said exchange
> doesn't know that everything is trackable on the blockchain and the blockchain is there forever
> doesn't think the IRS wont find your exchange account and see every single crypto transaction you have ever done.

>> No.6936772

>>6936496
>details

oh you mean my empty email set up for that exchange?

>all transactions are trackable

of course, but the owners of said transactions are not

>IRS gets my exchange account

and links it to me how?

You all really think the IRS is going to divert time to chasing individual retail investors?