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/biz/ - Business & Finance


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13628821 No.13628821 [Reply] [Original]

Step 1: MONEY to BANK
Step 2: BANK to WALLET
Step 3: WALLET buys COINS

>none of these events are taxable

Step 4: Sell coin
Step 5: Send money to bank

>these events are taxable

CAPITAL GAINS TAX
If you do not have a job, you only have to pay 1.5% tax on any trade. This means if you make $100 in crypto, you only have to pay $1.50 in taxes.
SOMETIMES IF YOU DO NOT MAKE $25,000 YOU DO NOT HAVE TO PAY TAXES BUT YOU STILL HAVE TO FILE

>OPTIONAL STEP
Exchanges sell coins for other coins at a fee, and need to get coins from a wallet.

op1: Wallet to Exchange (non taxable)
op2: Exchange coin for coin (taxable)
op3: Exchange to Wallet (non taxable)

Some exchanges are MUCH HARDER to get reports from. You will have to manually add up how much money you made or lost.

>> No.13629469

>>13628821
>If you do not have a job, you only have to pay 1.5% tax on any trade
Fug, really?

>> No.13629503

>>13629469
>the only way to make it is to not have a job
Bros, have I been wagecucking for no reason?

>> No.13629557

>>13628821
Taxation is theft.

>> No.13629564

>If you do not have a job, you only have to pay 1.5% tax on any trade
what counts as a job?

>> No.13629603

>>13628821
what about
STEP 4: SELL COIN
STEP 5: SEND COIN TO AIRTM GET AIR USD
STEP 6: AIR USD TO REAL CASH VIA WESTERN UNION
STEP 6:

>> No.13629662

>>13629603
STEP 7: FUCK BANKS!!!!!!!!!!!!!11111111111

>> No.13630450
File: 903 KB, 700x900, SaveBitcoin!.png [View same] [iqdb] [saucenao] [google]
13630450

>paying taxes

>> No.13630520

Coudln't I send my money to the Canary Islands or a similar tax haven?

>> No.13630552

>in b4 muh roads, muh water, muh immigrants millenials socialists

I never consented to be taxed. I never consented to be a participant in your cycle of abuse. Selective service is coercive and unconstitutional.

I refuse to participate, and if you vote for people who will try to imprison me for my non participation, then I consider you an enemy combatant.

>> No.13630631

>>13630552
>then I consider you an enemy combatant.
So you vs the u.s. army, huh.

>> No.13630698

>>13630631
No. Its me vs. you if you dare attempt to elect representatives which will coerce the police to use deadly force against me for not participating in the spic nig roastie cycle....in minecraft.