/biz/ - Business & Finance

Why cash out at all?

Why cash out real money so you can receive tax credits that you then give a significant chunk to the government in the form of inflation and tax?

>>18638775
why is this faggot so angry?

>>18638835
refusal to participate in the fall of man

>>18638829
Shalom goyim delete this racist comment right now

So you put real money into something, it increased in value, then you converted that something back into fiat currency and you're wondering why you're being charged taxes? You gained income through investments lol, seems pretty cut and dry

Don't sell Bitcoin, owe zero taxes.
Check mate, IRS.

>>18638853
seems like theft but okay

just u all wait until the chipped u

>>18638874
It is theft.

The only reason the US dollar has value is because you have to pay tax in it.

Can't wait until the roosters come home to roost and the USD collapses

you need to make profits to pay taxes

>>18638829
Wow buddy cool it with the anitsemistism

>>18638835
If you had ever gotten out of your basement & been around woogirls before you would know. They drink & scream woo, it's insufferable.
This black bully knows what's up, even niggers can sometimes have standards

>>18638933
whooooo!

>>18638915

>>18638853
but it's not income tax, its gains tax, which is fucking YUGE. and not to mention, all taxation is theft.

>>18639108
>its gains tax, which is fucking YUGE
15%. Or I could use a bitcoinATM which charges a 17.5% fee to avoid the irs. I save 2.5% by just paying the fucking tax.

>>18638901
>>18639025
cancer in every thread today but based nonetheless

>>18638775
I think as long as you're under $20k in transactions per year, coinbase won't report your earnings to the irs.

This thread is stupid, but ...
Yeah pay your taxes, OP.
Regardless of whether tou think it's philosophically right or morally just.
The feds will find you if you don't, and you'll end up in jail. It's a stupid risk for some money.
This shit's all made up anyway. Give them their piece, and you don't have to spend any additional time worrying about if and when they're going to find and arrest you.
Staying on the right side of the law = more expensive but more comfy. Like everything else you want. Don't cheap out on this.

>>18638835

Women

>>18638775
I make more than a couple thousand. At a certain point, if you're a U.S. citizen, it becomes easier to just pay.

>>18638835
sirs, they are party because he black

>>18639506
fuck off glownigger

Fiat exchange (FE) -> clean eth wallet -> Tornado.cash -> Main eth wallet, do your DEX trading/CDP/Vault/Stablecoin savings here -> Tornado.cash -> Clean Eth wallet -> FE

>>18638775
>submitted tax return in 2018
>payment status not available