/biz/ - Business & Finance

>>55839995
>What's the catch here?
It's called tax evasion anon, altho it's okay as long as you don't get caught

buy a caribbean passport instead and exit Sharland once and for all

>>55839995
just don't leave a paper trail

>>55840000
Checked, and thanks, of course, tax evasion is never an option. I would never consider that.

>>55839995
are you stupid ? you're still gonna pay taxes on the 222K you rugpulled chud

>>55840195
But then, he creates an ETH pair and rugpulls it after I put in the $222k I made from rugging the last coin. Then, I create an ETH pair and rug it after he puts in the $222k again.

>>55839995
Retarded as fuck, you can only deduct $3k of losses per year.

>>55840534
Then you aren't making money. Nobody is. If you keep rugging each other for the same 222k to avoid taxes on it, then you're never legitimizing it. You're just moving it around. The second you actually need it, one of you have to pay taxes

>>55840548
No, that's for ordinary income. I'm speaking specifically to offset capital gains from crypto.
>>55840551
What if I were to find a third friend who lives on an Indian reservation which happens to not pay taxes on crypto bought & traded on reservation land? What then?

>>55840558
Are all 3 of you registered as an LLC? How do you justify these dealings to an auditor, should they come knocking? How do you prove you aren't all colluding to evade taxes? I guarantee if the IRS wants to they will put the burden of proof on you.

>>55840580
Those are all good questions. I just wonder if such a thing is within the scope of the sheer autism powers of auditors to grasp, or if they will actually sit there and go through 500 different rugpulls and try and trace the addresses, especially if there are numerous intermediate and throwaway wallets. If my auditor looks like pic related, I'm in the clear. If he's a neckbeard with a braincase the size of a watermelon I'm in trouble. In theory, of course.

>>55839995
Thats called tax evasion / money launering a ot of random no name shitcoins that end up mooning for a few hours and then dump are exactly that.

Its a felony and can get you anywhere between 5 and 20 years in federal prison.

>>55840558
>What if I were to find a third friend who lives on an Indian reservation which happens to not pay taxes on crypto bought & traded on reservation land? What then?

He runs away with your money since its legally his and theres nothing you can do about it.

>>55840660
Interesting. I had wondered if there was an additional utility to rugging shitcoins other than the meager profits of 1-2 ETH they make. Do you guys have any news articles or examples of people going to jail for rugging shitcoins?

Tax evasion is a moral duty.

>>55839995
If you're already in your top bracket then it's pretty retarded because the income that comes back has to be taxed. I give it half points. Full points is not leaving a trail in the first place and paying zero.

>>55839995
It's called tax evasion, anon. Although It's not okay as long as you don't get caught

Are you retarded? to begin with you still have $388k in capital gains to pay tax on

>>55839995
Depends if you wanna be someone's bitch in prison or not.

>>55840675
they cant find shit on you anon all these posters are bots
no tax outfirt is equipped to deal with what you're describing

>>55839995
you just essentially commit tax evasion. consider creating a more difficult paper trail. Never use the same wallets etc. Its against the law and I do not recommend it to anyone.

FYI the IRS logs all American IPs even searching for "tax evasion".

>>55839995
Can't the IRS just realize you're trying to evade paying their paychecks anyways? Or maybe I'm just too dumb/pussy to actually fully commit so I still report my crypto earnings. Hopefully I don't get raped so much once my Kava bags give me some substantial profits now that Kinetix is giving them their first actual DEX.

>>55839995
its absolutely crazy how many of these replies are bots

You're all retarded, you have to do like me, take those 6 figs and throw em into POND and forget about it for the rest of your life

>>55844323
ngmi kek

>>55844323
That's as retarded as OPs idea

>>55842717
Leave him alone, he skipped brain day at the gym

>>55844323
(You) are also retarded for saying that

>>55839995
if you rug pull it, aka remove all liquidity, they cant sell any size cause slippage/lack of liquidity make txn unable to process so they can never finalize (prove) that tax loss via selling

>28 replies
blinds leading blinds in here, not even any good baits. atleast pajeets months ago were funny

>>55844323
highly based advice
also PHA.

>>55839995
People seriously didn't believe me when i told them i was laundering money and evading taxes using duck race derby as a tool for evading the IRS. The chain they use is completely anonymous so i don't leave any trace behind of money, all the ponds i earn are in a Somalian server somewhere where the FEDs can't reach it and since i can control when and where my earnings arrive i have a fully automated way to ensure i always get money but the government is oblivious to it. It really was THAT easy

>>55839995
Reported to IRS. Enjoy being tracked OP