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/biz/ - Business & Finance

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5159693 No.5159693 [Reply] [Original]

How do I, theoretically, cash out without paying taxes?

This is purely a theoretical question.

>> No.5159722

>>5159693
IRS pls go

>> No.5159807

Sell on localbitcoins for cash and dont put it in a bank

>> No.5159865
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5159865

>>5159693
Treat your crypto like illegal Drugs and trade them accordingly.

>> No.5159869

>>5159693
>cash out
>create new identity
>move to another continent
>????
>profit
Actually I know how you cou....
*knock* *knock*
"FBI OPEN UP!"

but theoretically speaking the best way I heard is off-shore companies in tax-paradises they may be not completely tax free as I know but they got like 0 to 5 % taxes

>> No.5159896

you realize you can the private key in your pocket and cash out anywhere on the planet?

are you that stupid?

these coins aren't blasting off for no good reason.

>> No.5159902
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5159902

>>5159869
>off-shore companies in tax-paradises they may be not completely tax free as I know but they got like 0 to 5 % taxes
Sounds like a pain in the ass administratively for something that might or might not work.

>> No.5160020

>>5159902
There are literal companies there who work like that they create a company for you where you can store your money but your name is nowhere there so nobody can connect it to you. But it is only worth it if you make like millions of dollars in a month and don't want to give away 1/10 part of it (or for my country it is almost 30% tax)
At first it sounded to me like "wtf they will stole muh money" but they don't (one of my collegaues friend got a company like that)