/biz/ - Business & Finance

>>27980450
If not larp then good luck anon fuck kikes

>>27980450
Pretty based ngl. I don't intend to pay taxes either. Not that I have anywhere close to /make it/ money right now, but if I one day do I'll rather spend a couple of years in prison than pay a cent in taxes. I'm not a burger so prison time basically just means taking it easy, getting fit, reading some lit and maybe work on a project or two.

>I’m sorry DeShaun, anon didn’t pay his taxes, so there will be no EBT this month

>>27980784
kek

>>27980717
pay everything with crypto cards. they won't get to see it. even in the 1 in a million chance they get you just flee the country to eastern europe

>>27980450

Very based. They'd just waste it anyway.

>>27980717
they don't just send you to jail and forget about the money lmao. they'll also seize your assets

What kind of tax do you have to pay on cryptogains? I live in Germany and i just have to hodl for more than a year and don't have to pay taxes at all.

Been in crypto since 2014, started mining eth in 2016, traded and collected gains. Paid 0 in taxes and i i will never pay taxes on crypto. But i live in Croatia where the government is as incompetent as they are corrupt.

>>27980907
Thats the beauty of crypto, they cant seize it
https://www.theverge.com/tldr/2021/2/5/22268646/german-police-bitcoin-digital-wallet-missing-password

>>27980907
Not their keys
Not their crypto

>>27980846
I already am in eastern europe, what's plan B?

>>27980846
They can easily see it nigger. Just like they can easily see what's in your bank account, crypto exchanges report the trades

>>27980907
Can't seize muh crypto and I don't own anything physical worth a damn. Checkmate kikes.

>>27981012
Can't they just raid the fuck out of your house, find wherever your seed is written down in print and use that?

>>27980450
i'm wondering if coinbase is going to send me a tax document. been holding on there since 2017, never moved anything before this year.

>>27980450
Same

>>27981098
>he doesnt keep his seed memorized
ngmi

>>27981098
Memorize your seed and burn all written copies of it

>>27981052
It's not like you can lose it and go to debtors prison.

>>27980907
They literally did this here>>27981003 and they still couldn't access his wallet because he "forgot" his password. They merely seized his hard wallet but without the seed phrase it's worthless as he can just regen the BTC into a new wallet with his seed phrase he hid.

>>27981052
binance and uniswap doesnt

>>27980907
Enjoy siezing cheese pizza, crusty socks and unwashed dishes.

>>27981098
Buy a hardware wallet and memorise the mnemonic phrase by heart. Checkmate

>>27980450
Honestly when I was applying for university and 99.9% of the scholarships were "women and minorities only" they started a fucking war. No larp.

>>27981098
Stamp the seed phrase into a block of galvanized steel and bury it under the floorboards of your house, in your wall, or somewhere in your backyard.

>>27981210
Hear hear

>>27981052
keep using your goybase you cucked faggot. I'm still not gonna pay for your welfare nigger

A couple months in a posh comfy fed prison for not paying taxes...
where you'll learn more ways to stick it to the fed by the daily from pros in the field without needing to spend a dime.
Still get to keep the ill-gotten gains from pre lockup since you choose to serve time rather than pay the fees & take advantage of Kike loopholes in laws.

Sounds like a great time IMO

>>27980907
We don't have assets you fucking NEET

>>27981250
they'll suffer severely for what they're doing it just might take a century or so for the whirlwind

>>27981250
i live in a god damn fucking small town on a frozen mountain and never had the fucking chance to do anything to improve my life and there is literally 0 programs to help a poorfag move from a hillbilly town to a city

and then i went to college and they paid for all the black kids to go to college here for free and then paid for their free housing in nyc and shit and they got access to subways good jobs and better programs and grew up with a better life

im not paying shit they never helped me when i needed it. they just give free money to people with better lives.

>>27980907
I could use a vacation, too much damn work to take any time off for so long now.

>>27981319
Daily reminder what the Weimar republic was the most degenerate country in the world at the time where tranny operations and homos were very common
we all know what happened next

how you gonna spend your money if you wont sell?

Like those filthyy likes will ever find my uniswap or binance trades anyways. Fuck em

>>27980450
Without sharing or denying sentiment of expressed OP opinion I rather follow-up questions if I may.

Where would a portion of crypto taxes go to after big reset and monetary system as we know it migrated on blockchain?
Will our taxes be visible as smart contract with full transparency of where they're used for ?
Does any of old school system boomers in higher-up offices actually understand these cryptos are all none physically present or physically existent most of them virtual smart contract chains that only exists in OSI layers and their state is mutating and constantly changing depending on underlying protocols and billions of variables... Similar to quantum state of an atom we have trinary cryptos such as IOTA that can have any of 3 states at any given time.
I know glowers monitoring this so perhaps we can get some output on this some day eventually.

>>27981347
Paying 6% income tax to Korea, 0 to USA currently. Putting all my savings into crypto. Fuck them. The purpose of my life is to tear these kikes down. Haven't paid a cent on my loans nor will I. Rent. Cook. Stay out of USA.

What if I didn’t report for a year or two since I got into it? And school is kinda heavy rn so I might just do it next year when I’m done. Am I good? I don’t have crazy crazy gains.

>>27981250
>>27980875

>tfw government will take 45% of my profit and give it to women and minorities

>>27981503
>didn’t report for a year or two since I got into it? And school is kinda heavy rn so I might just do it next year
With your pussy bitchass mindset the kike overlords will be very pleased.

>>27981003
>>27981069
But if you never sell then you never have to pay taxes at all so what are you even talking about.

>>27981347
>from a small town on a frozen mountain
>somehow learned zero resourcefulness

>where's be's muh gibs
>i's jussa bees a poor hillbilly
>i'sa not be knowin' nuffins
>but i'sa sho can pos' onna fo' chan
faggots like you make it real hard to advocate for white people. post nose, tool

Hypothetically, what happens if you do the following?
>invest 5k into crypto
>shitcoin of choice goes 100x
>take 5k out of that and back into the bank
>don't report any crypto gains to mr taxman
How are they supposed to know about your monopoly money?

>>27981695
The nose knows

>>27981695
Buy monero then send to a monero wallet then send to a different exchange and swap for ETH then gamble on uniswap till your hearts content

>>27980875

Excellent infographic. Thank you for sharing.

>>27981695

HRMC asks exchanges for the details of everyone who bought £5k or more crypto in the last year and they give it to them like cucks. You can be sure the Jews in the US are more on it than that.

>>27981788
would this work?

>>27981503
are you white?

best of luck to you

>>27981851
nice try jew retard. still not paying any taxes since I don't use goybase because I am not a cuck.
>>27981874
100% . they can't see monero transactions. I would say not even this is necessary depending on what exchange you buy

>>27981695
i mean, they could know, but i doubt they ever would. but i'm never selling so i wouldn't actually know.

>>27981986

I'm not a Jew and it was a warning to aid people who don't want their money redistributed to useless eaters, not FUD. I'm prevented from selling anything at the moment because tax rules in my country would fuck me.

>>27981851
>£5k or more
lel

I work for the Australian tax office, if you owe less than 10 grand you won't be hassled too hard and there probably wont ve be any interest applied to it (interest is applied monthly, interest impositions of less than $100 are remitted automatically).

If you owe more though you're pretty much fucked. First your bank account balance will be garnished, but they can only take up to 20% of the balance in one go. Following that is garnishing your employer, legally obligating them to send the ATO 20% of every one of your paychecks until the debt is cleared. If you're a company the final step is issuing a s459E notice, which basically means the government just declared your company insolvent and all company held assets now belong to the liquidator

>>27982118

What's funny about it? Actual question.

>>27980921
>just have to hodl for more than a year
You're talking to a board that's full of people fomoing into memecoins every single day. Who the fuck holds the same coin for a year?

>>27982118
that is life changing money for europoors. that's why the jews want to get every single cent they can and keep them in slavery. someone has to pay for the healthcare of all the shitskin creatures they import

You don't have to pay while holding but what happens if you traded a lot to get your stax going. You're telling me you have to go back and pay taxes on each and every trade once you withdraw on a coin

>>27982262
>that is life changing money for europoors
If you live in Romania perhaps. In most countries you make $5k working 2 months at McDonald's.

>>27981347
idk what mountain you're talking about, but unironically blackface yourself especially if remote job with bare minimal interactions.

>>27982328
Legally you actually have to pay taxes the moment you trade a coin for any other coin, not on cashout on the theoretical gain you've made since you bought the coin.

Ring ring, based department?

>>27982328

Trades count as discharging an asset. If I bought a coin at 0.10 and held til it hit $1000, then traded them for BTC, I'd have to magic the difference in cash to pay taxes on it even though I didn't make any actual fiat. I used to think people using tax havens were selfish, now I realize they're rational.

>>27982399
>>27982424
The jew knows no bounds

>>27982328
No, you pay taxes on each and every trade as you make it. This does not apply to buying crypto for USD though. Even if you were taxed on this $1 is always worth $1 so you can't make any gains or losses.

>>27981052
What if you use monolith?

>>27980450
based

>>27982262
weren't the jews effectively eradicated from europe a few generations ago?

>>27981680
yeah bro just save up money working at the local burger king with nothing else doing part time and getting 35 dollars a day and then manage to move to a city with opprotunities on your own when it costs 750 a month minimum to live just with a roommate

just save up 10-20 grand working at burger king bro stop asking for help when other people get free fucking section 8 apartments in nyc bro

>>27982651

Oy.

>>27982164
post badge number

>>27981695
the whole thing is you cant really do anything worthwhile with the money like buying a house or a nice car with it without paying taxes. i probably would just pay them at that point and not deal with the headache of it but i think its fucking stupid paying taxes on a couple thousand when im just trying to get ahead and turn that into more money. its too fucking hard with taxes taking so much

>>27982706

420-69

>>27980450
Going to prison for not paying taxes is the most alpha thing you can do. And thats alpha with a capital dick. Even better if you buy a fuck ton of early project low mcap shitcoins right before Mr. Tax Man audits your asshole. Get tossed in a cell and watch as you have gains nobody else has seen before.

Why havent you become the patron saint of HODL yet anon?

What if we weaponize niggers? they could burn down the governemnt if we tell em they're trying to steal their efferium

With the market being so volatile what if you 10x on a coin in the beginning of the year and then lose a substantial amount by the EOY

You're saying I pay taxes all the way up and then have to cut my losses? How the fuck is that possible when you aren't making FIAT only imaginary gains that aren't realized YET

If I transfer my crypto from coinbase to a ledger and swap using metamask, can they actaully trace that? I don't want to report every little trade I do, rather just pay when/if I convert to fiat

>>27982733
This, I just found out that you can claim 400UNI tokens on uniswap and got my free 6500€, now what do
Best I can think of is moving them to a Revolut card that's based in lithuania and withdraw 250€ a day in cash, but I guess (((they))) would find out anyway
Or I can just keep them on the coinbase account and wait for a BTC dip

>>27982970
It's different in every country, but afaik it doesn't work like what you describe in any country, though it's been suggested in burgerland and maybe bongland I think.
Typically it'd be something like this:
Buy x at $100, price goes 10x to $1000, you sell. For this you'd pay a% taxes.
Buy y at $1000, price goes down 70%, you sell. For this b% is deductible.

>>27982898

You're about 100 years too late, Israel already patented that weapon.

>>27982970
Jews, that's how. They want to scare people away from crypto

>has now laws regarding crypto
I'll be fine.

>>27983086
Yes, they can easily look at your address, see your trades, and see how you different token's balances change over the year. It would be easy to do.
The risk is whether or not they would do it at any time in the future.

>>27980450
can't pay tax if you don't cash out
>but muh crypto to crypto trades
good luck tracking down and calculating that shit you fucking glownigger faggots, YOU'RE NOT GETTING A CENT

>>27982670
holy shit dude you'd call me a suburban faggot but i lived in my car and worked my way into a sales spot making six figures.
you don't know who you're talking to or what i've been through. if your identity is country as fuck, dualies to the grocery, you're late to the game. white people aren't wanted. if this is news to you you've been disserviced. you need to work harder (something that you supposedly already learned)
you need to know more (ebit)
imagine me coming to 4chan to whine about the shitty person i was when i was 22 not getting whatever job i interviewed for.
fuck you. i don't want to do what i do. no one does. but i cried on the way home with the impression that i didn't get the job. you don't know shit. learn about humility or starve to death. you don't even know what you're doing. get mad at your father. get mad at jewish influence. get mad at yourself, ultimately. get it together or don't. you'll settle where you belong.

>>27983256
have you been to the mva?

>>27983163
problem is the TRADE, x>y is a taxable event and if you made a lot but end up holding bags on Y you end up with a massive capital gain while hitting capital loss deductible limit

If you live in Europe (I dont know about USA) then you can use justeat/deliveroo and pay in crypto.

You can even order groceries on deliveroo and pay for that with crypto

>>27983202

I am European. Which one is better: Malta or Portugal?

>>27983476
Yeah its honestly fucking bullshit. Coin to coin shouldnt be taxable. End of fucking story. I don't get taxed when I trade fucking pomemon cards.

>>27983595
Never been to Malta, but it looks extremely cramped thus Portugal.

>>27983163
What happens if my coins were mined and I held after all this time? Does that shit not exist until it's moved to an exchange or Fiat converted?

>>27982808
>>27982733
seething jews have arrived.
>>27983838
it's simple retard, you DONT pay any taxes

>>27982670
>just save up money working at the local burger king
stop working at burger king. you can make 90k delivering bread. you'd know that if you were what you claim to be. you're trying to ride on coattails that don't exist anymore. git gud faggot. are you even white?

>>27980450
In Burgerland, are you expected to pay taxes on every swing trade? Or just if you try to take the $ back to your bank account?

>>27984119

Every fucking trade. I fucking hate it here.

I hope there is a way to swap without the kikes knowing that I am just too retarded to realize.

Do I have to pay taxes if I live in Europe?

>>27982808
im in amerifat so itd be hell. its basically easily to just pay your taxes so you can stay on the outside and use the time to make more money

the county jail here isnt too bad you get a private cell its small everyones nice and you can buy a tablet and listen to music and watch tv on it. just wish you could go fucking outside though

>>27981098
>he writes down his seed

>>27983649
>I don't get taxed when I trade fucking pomemon cards
Actually, you do.
>>27983838
Mining is considered income.

>>27984119
>>27984192
expected and provable are different things. again, have you ever been to the dmv?

>>27984206
pay or predator drone

I'm going to pay my taxes because I've already been audited before and I don't make a lot of money to begin with so long-term capital gains rate will be 0 or 12%

>>27982146
can you elaborate further Australian tax rules, do we pay when we take our money out of crypto or for every crypto transaction?

>>27984612
Every transaction is a taxable event. It's going to be fucked to figure this all out,

>>27984771
use coinly or other websites to figure it out for u

>>27984771
How will THEY figure it out? Are they really gonna have someone working out every 5678 doge coin you swopped hundreds of times for varying prices? Who will verify your metric shit tonne of trade history?

>>27984846
you do know that everything is on the blockchain (just look at etherscan) and they have tools that automate this shit for them in seconds

>>27984913
>use monero as intermediate
>profit

>>27984956
>try to cash out
>ask to provide proof of source of funds

Are there any countries with good tax laws you don't have to be a resident of to cash out in?

>>27981511
legs eleven

>>27985087
If there was everyone would be doing it, do you think you are the only one with that genius idea?

>>27985150

No, I assumed if there was, everyone would be doing it and I wanted in.

>>27983649
kek

>>27983838
In all honesty I don't think the taxman even knows every in and out of taxing crypto. But I'd reckon they'd tax you the same as if you bought it. That is if you mine $1k worth you'll pay the same tax as if you gained $1k from buying and holding.

>>27985182
If you're a eurochad you can get a job in iGaming in Malta or Gibraltar and cash out to your bank account there, Portugal is another option but it might be more difficult to get a job / bank account there.

>>27980784
buh woz ken i buy dem efferums for cuh?