It's time for a serious discussion

[Anonymous No.17138344]

Since many of us will be getting quite wealthy soon, its time to put our heads together and think about something.
That is, how do we take profits and avoid paying the government? The government would destroy crypto if they could. Why should the system profit off our foresight and risk?

Include anything you can think of. Creative ways to cash out, launder money, move to a tax haven etc.

[Anonymous No.17138347]

>>17138344
nice try jew

[Anonymous No.17138349]

Glowies post here so no
In fact, you probably are one

[Anonymous No.17138359]

>>17138344
>crypto
>tax

[Anonymous No.17138367]

>>17138344
There’s no way of cashing out without paying tax. Dead serious. Nice try though. - guberment

[Anonymous No.17138375]

>>17138344

open an llc and base it in another country with looser taxes. put your earnings in that and then pay yourself directly from your llc.

>or something like that. someone who is smarter than me explain this better and why it will/wont work

[Anonymous No.17138426]

>>17138344
Move to Puerto Rico....cash out, live in a crypto community safe from the poor outside our walls.

[Anonymous No.17138626]

I thik to get wealthy one needs to acquaint with trends in techs and financial market. Blockchain is booming right now, most especially DEFI projects. FInnexus is changing face of DEFI platforms

[Anonymous No.17138644]

>>17138375

This was best I could come up with too.
Just pay myself a low salary over continuing years.

The logistics and if its actually possible, is the question.

[Anonymous No.17138743]

>>17138344
why would you not pay the je-i mean government

[Anonymous No.17139100]

>>17138344

taxing wealth for the government starts at not how much you have but how much it APPEARS that you have for eg you could be a crypto millionaire but live in a shitty one bedroom apartment and drive a piece of shit car compared to the same person that spends thousands a month on renting a penthouse in the city and drives a lambo, if you put your wealth on display then the government will come find you and be like 'hmm why is anon splashing all this cash around who has no income because he is a neet the gubernment wants a piece of this too' and then u get busted

either pay the taxes and live a shitty not as wealthy lifestyle

dont pay taxes and live like a neet so everybody thinks ur poor

live like a king for about 2 years until the irs finds you

[Anonymous No.17139142]

>>17139100

I am Australian. The government directly garnishes our wages.
If you have other income (such as money paid out from exchanges) go in to your bank, the ATO can actually see it and will come agter you if you dont report it.

[Anonymous No.17139156]

>>17139142
>he doesn't cash out in real life by giving his BTC for a huge bag of cash in the parking lot

[Anonymous No.17139389]

>>17138344
Don't cash out, use crypto cards.

[Anonymous No.17139415]

Avoiding taxes is brainlet tier minimising tax is intelligent

Id be interested in
Can they freeze your account for cashing out incorrectly
How do you find a good accountant
Should we be setting up trusts, domestic overseas
Is buying a house with cash smart

[Anonymous No.17139452]

>>17139415

Tell us your thoughts on those things then. Im stilll here and listening

[Anonymous No.17139457]

>>17139142

so am i, just dont do stupid stuff like deposit gains from ur crypto exchange acc straight into your bloody CBA complete access acc

>>17139156

literally this or just buy some stuff online with btc and get it delivered, you cant get away from the tax man with getting a new house or car but smaller stuff you probably will be alright, also cash deposits under 10k are totally fine in aus, so you can trade out your btc otc with some random or a family friend who wants to get into crypto and then just deposit that cash into the bank. there are just literally so many ways to never arouse suspision paying taxes is really plebbit tier mentality

[Anonymous No.17139473]

>>17139452
My thoughts font go further than getting a lawyer and an accountant and asking then

I remember a uk anon a year or two ago posted a letter from his bank that was saying weve closed your account etc after hed cashed out 1million. Fuck that

[Anonymous No.17139480]

>>17139457

So you are saying so far:

-make purchases with the crypto (I dont want to)
-sell crypto at real life exchanges, for cash

?? As if the government is not going to question why 100k was deposited in to your account in 10k increments over the course of a year. They are going to want to know where it come from, then they are going to want to tax it.

[Anonymous No.17139485]

>you made 7 figures out of 4-5
>risk it all plus a trip to Club Fed to hold onto more of it

Only on /biz/

[Anonymous No.17139487]

>>17139473

What happens if they close your account? Surely it is then 'pending investigation.' They can't just wipe out your wealth and say it disappeared. The bank would owe you your money back.

[Anonymous No.17139490]

>>17138344
Il just pay my wealth tax in the netherlands.

[Anonymous No.17139492]

>>17139485

https://www.youtube.com/watch?v=2xcYLVdfFro

[Anonymous No.17139509]

>>17139389
Shill me a few reputable providers

[Anonymous No.17139537]

>>17138344
oracles are coming.

just hodl and eventually the infrastructure will be built out enough for true physical privacy. oracle privacy.

[Anonymous No.17139723]

>>17139487
I think theres plenty of people who have cashed make it money. Aus exchanges are very good in any case re being above board

[Anonymous No.17139759]

Hello IRS
Put everything into BTC. If mofos find out, they can't seize your assets. Jail time = profit because after they release you, BTC will be on moon.

[Anonymous No.17139782]

>>17138375
This is the correct line of thinking also the term is “Tax Avoidance” it “tax planning”... “tax evasion” is illegal

[Anonymous No.17139787]

>>17139782
Or* not it
Damn phoneposting

[Anonymous No.17139794]

are aus fags fucked just wanted a nice ute and bush house

[Anonymous No.17139799]

>>17138367
>There’s no way of cashing out without paying tax.
There are like 50 countries where you can cashout tax free
Just buy a flight ticket and spend a nice vacation in your new fiscal residency
7 months and you’re done, all legal.
Portugal is fucking cheap for instance

[Anonymous No.17139807]

>>17138375
But you still have to pay dividend tax

[Anonymous No.17139815]

>>17139799
>just overstay your visa try to use a bank account in the country you overstayed

[Anonymous No.17139822]

>>17139815
You need to move residency there, so you can register as self employed and eat bacalao the entire time

[Anonymous No.17139850]

>>17138344
You can do the same thing other tax evaders do. Cash out to cash but you'll only be cash rich because you can't deposit it into a bank account. Launder it with shitty businesses which is a huge hassle. Just paying the tax ist the best option.

If you're not a US citizen you might look into emigration to a crypto tax haven. There are countries which don't tax crypto. Doesn't work for US obviously.

[Anonymous No.17139880]

just pay your fucking taxes to live a worry free live, you moron. don’t even try to evade them, you WILL get busted eventually, it’s merely a question of when.

[Anonymous No.17139899]

>>17139850

Would only be worth it if you were cashing out millions.
If you're trying to cash out 500k and stop working for a while, moving to another country is a pretty big deal.

>>17139782
Can I incorporate a shell company in other countries without moving there?

[Anonymous No.17139904]

>>17139899
Yeah all you need is a credit card and copy of your passport and proof of residence notarized.

[Anonymous No.17139951]

>>17139904

Was cashing out crypto the reason you started a company in the Republic of Seychelles?
Do you pay yourself a wage back to your home country from there?

[Anonymous No.17139967]

>>17139951
No I do some online businesses that require no psychical presence in any country so I did it for that to get a 0% tax rate. but using it for crypto is a bonus and yeah I pay myself a salary from it but keep it low to fall in lower tax brackets, For investments and cash holdings, the corporation owns and invests in things like crypto and stocks, I don’t.

[Anonymous No.17139981]

>>17139799
THIS IS FUCKING BULLSHIT
It does not work like that. I have spent more than 2 years in a new fiscal residence and I still have to pay taxes to my country of citizenship. You need to stay away for many years, get a job and new life in a new country for there to be any chance of you avoiding taxes. This applies for most european countries. If you are from the US you cannot avoid taxes at all.

Either way unless you actually want to move to Portugal and start a new life, do not fucking do it. Just pay the taxes and continue your life. It is not worth it.

[Anonymous No.17140007]

>>17139967
So you live in a country with no cfc laws or how do you get a 0% rate on your company?

[Anonymous No.17140048]

>>17140007
Yeah I’m not a burger, I still pay taxes on my salary paid from the Corp to myself in my own country but an IBC in Seychelles has a tax rate of 0% on all business done outside the country(ie online) so everything within the company is tax free.

[Anonymous No.17140081]

Just buy high and sell low

[Anonymous No.17140106]

>>17140081
this
then the kike pays YOU

[Anonymous No.17140124]

>>17140048

Still begs the question, how could you get your hands on all that money at once while avoiding tax? if you wanted to.

[Anonymous No.17140125]

Ask Daniel Dabek, he is a US citizen that did an ICO back in 2015.
He formed a new company in the US, "Safex Fundation, Inc. "

[Anonymous No.17140135]

>>17138344
GLOWNIGGER THREAD!!!

[Anonymous No.17140144]

>>17138344
Find accountant.
Make accountant deal with it.
Keep accountant to manage your money for you whilst you're off living your life.

[Anonymous No.17140173]

>>17140144

>Accountant steals your money over the course of years and siappears, while you were busy fucking whores and frying you brain with cocaine.

Many such cases.

[Anonymous No.17140177]

>offer /k/ monies in return for taking over a small pacific island
>

[Anonymous No.17140192]

>>17139782
at what amount it starts to make sense to do something like this? more than 1 million?

[Anonymous No.17140211]

In my country if I hold for 2 years straight I don't have to pay any taxes.
So how does this work, do I have to report anything or can I really just cash out potential millions straight to my bank account after 2 years?

Seems too good to be true

[Anonymous No.17140245]

>>17140048
Cool, but should your Seychelles biz not be taxed like a resident company in your home country?

[Anonymous No.17140307]

>>17139981
>I have spent more than 2 years in a new fiscal residence and I still have to pay taxes to my country of citizenship.
If you are an US citizen yes, you cannot avoid taxation (legally) but if you are european the law specifically say that if you love abroad you only get taxed abroad. Search for double taxation avoidance agreements with your country. Almost every country in Europe says that if you stay more than 6 month abroad and you are legally registered (you need to have residency abroad, rent contract and most importantly you need to communicate it to the embassy and remove your residency back home)
Maybe you missed some steps (e.g. embassy) but I did it for a couple of times already and I already have cashout tax free (I went to dubai) and you can bring back all the money in your country without any problem if you have a double taxation avoidance agreement

[Anonymous No.17140354]

>>17138344
We won't cash out anon, crypto will have lower inflation than fiat.

This is the last bubble.

[Anonymous No.17140361]

I was thinking of making this /thread yesterday. First & foremost mutts are absolutely fucked & what I'm about to spill won't help them, their only hope is to renounce, sooner than later.

Before I start this is the way it works TODAY, it could all change tomorrow as govs are working with one another more & more everyday.

The US is actually somewhat of tax haven to anyone that isn't American. See Mutts use this system called FATCA, its why they are SO FUCKED. BUT the RoW uses CRS (Common reporting standards). The US requires the RoW to comply with FATCA, but doesn't comply with CRS. Not going into my personal situation but this totally does apply/work. SO if you use American exchanges/bank accounts those funds will not be reported to CRS countries (RoW). Use this at your own risk as the Mutts have the MOST evil tax collectors in the whole fuckin world.

Now, https://www.fatf-gafi.org/countries/#FATF is just one way that countries are working together.

>>17138426
KEK, its not that easy for Mutts, no you have to put on your 1040 your crypto, if you suddenly cash out, the IRS can/will raid your bank/take property any where in the world! argue if you want, show your ignorance. I have a rebuttal.

[Anonymous No.17140391]

>>17140307
>european the law specifically say that if you love abroad you only get taxed abroad. Search for double taxation avoidance agreements with your country. Almost every country in Europe says that if you stay more than 6 month abroad and you are legally registered (you need to have residency abroad, rent contract and most importantly you need to communicate it to the embassy and remove your residency back home)
Lmao tell that to my missing 400k that went to taxes. I didn't miss any steps, used lawyers all along the way and memorized the dta. Protip: there can be loopholes in the dta that your country of citizenship can exploit, they also are able to claim that since you lived all your life in country A, and then moved to B, you have stronger ties to A even if that is not the case in reality.

You are lucky anon, to come from a country that doesn't fuck you in the ass like that. Most of the "developed" europe will fuck you, at least the scandi countries

[Anonymous No.17140407]

>>17139759
Kekd

[Anonymous No.17140410]

>>17140307
>>17140391
Oh, I also took my case to court in my home country because it was so absurd, yet it was still rejected by the court and they took the side of the tax administration

[Anonymous No.17140411]

If I file my crypto as a long-term gain despite not hodling for a year, would there be any way for the feds to know?

[Anonymous No.17140430]

I didn't read the topic yet but I'm posting it because I'm afraid it will get locked or deleted by jannies.

A few links that might help you goys:

https://www.youtube.com/channel/UC3k3floOm_HtKOv0l6JU-xQ

https://dits.deloitte.com/#TaxGuides

https://www.sovereignman.com/citizenship-by-investment/

https://www.freedomsurfer.com/uk-llp/

Some of those I found by myself, but others I got recommended by others fags.

I created a group on discord mostly focused on trading but we also have a dedicated channel to discuss offshore tips.

We share a few resources there that might help us on our endeavor. Server ID is TcbT8yY. See you goys there

[Anonymous No.17140440]

>>17140391
>>17140410
We are in clown world they are going to tax you to death even if you do the right thing.
You were basically stolen of your money it's clear that buying monero with 0.80% yearly inflation in 2021 will be the best way to "cash out".

Such low inflation will make it stable forever, like a stablecoin, fiat is becoming insane , bank accounts blocked for no reason, tax laws that you obey and still get fucked.
Governments are hungry for taxes like never before everything is a trap at this point.

Own a house?Now you get fucked with taxes and regulation that increase in cost due to inflation.

Own a car?Now you have taxes and regulations that cost a shitton.

The ocde nations are becoming shitholes at full speed not strange they can't get over 2% growth with full QE.

[Anonymous No.17140452]

>>17140411
They could audit you and ask for paper statements and hard copy of trades.

[Anonymous No.17140483]

>>17140440
Could not agree more anon

[Anonymous No.17140494]

>>17139782
But if you live in a CFC reg country this is still tax evasion if you don't tell them....

[. No.17140528]

>>17138344

if i am making large amounts of money via crypto currency i don't care if i am being taxed. it depends on how much money i am making and the percentage i am gonna be taxed

if i were making 100k a year i would gladly let the government tax me 20 or 30 percent. it's not like i earned that money. i made it by sitting on my ass

[Anonymous No.17140540]

Could i unironically get one of those cryptocards based on a foreign country and withdraw what i need from the atm?

[Anonymous No.17140553]

>>17140528
>i would gladly let the government tax me 20 or 30 percent
Bootlicking cuck detected
100% chance he doesn't know what taxes are used for.

>>17140540
CRS will let them know most likely

[. No.17140567]

>>17140553

no, it's because i am not a greedy fuck who needs a bunch of money

i just want enough money to buy a house and to retire on.

i think i could retire if i own a house and have 300k(for lifetime expenses)

[Anonymous No.17140571]

>>17138344
Think of this though: if we cut the Government in, they will step off.
Then we accumulate wealth.
Then We influence the government to lower rates and reduce regulation on crypto
Then we accumulate more wealth

[Anonymous No.17140614]

>>17140567
Kek, you probably think taxes pay for road or some shit like that. It's a common mistake for the uninitiated.

https://en.wikipedia.org/wiki/The_Grace_Commission
>The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. "With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government.

Yes this applies to your shithole before you argue

[Anonymous No.17140656]

>>17140144

there is nothing an accountant knows you cant just google yourself

[Anonymous No.17140677]

>>17140307
>If you are an US citizen yes, you cannot avoid taxation (legally)

More horrendous misinformation from retards. If you held for a at least a year you can realize gains up to $38k with zero taxes. This is plenty to live on.

If you have a job it is important you keep the total of gains and wage income together BELOW $38k.

[Anonymous No.17140682]

>>17140411

its your job to substantiate it in an audit not theirs

[Anonymous No.17140698]

>>17140677
KEK MUTT COPE
In reality, if you leave burgerland its ~100k/year.

Something like the below.
https://www.taxesforexpats.com/expat-tax-advice/foreign-income-exclusion.html

[Anonymous No.17140705]

>>17140698

This only applies to WAGE INCOME you smooth brained dimwit.

[Anonymous No.17140710]

>>17140705
>smooth brained dimwit.
P R O J E C T I N G
SO, don't tell me you can't make any income a wage...ffs Mutts are so fuckin DUMB.

[Anonymous No.17140738]

It is basically impossible to avoid paying taxes in European countries if you choose to remain in them. Registering an offshore company will only give you an illusion of low-taxes, because you will still be subject to CFC rules that will tax the company as if it were a resident of your country.

However, there are creative ways around this because what is deemed a permanent establishment isn't always clear, and if you live as a digital nomad and move between country and country I think it would be very difficult to collect tax from you.

[Anonymous No.17140765]

>>17140710

>gets blown out
>digs in further

[Anonymous No.17140786]

>>17139782
Holy sht!! Not a larp. Can i ask, what country are you currently based at?

What were the fees in setting it up and the running costs?

I'm in the UK and I think one day in 5- 10 years my crypto will be around £250k. How should I plan?

Thank you

[Anonymous No.17140801]

>>17140048
Hello, the problem is, lets say I have already brought the crypto.

I then set up and company in that place.

How do I move that Crypto into that country, WITHOUT having a Tax hit in my current country?

[Anonymous No.17140817]

>>17140765
P R O J E C T S H A R D E R
Are you really this dumb? KEK
>Set up foreign company
>While living abroad
>Company profits from lets say from an (((asset)))
>Pay yourself wage from said asset that company owns.
>You now have a wage

Sure as a Mutt it will be more difficult to set up than the RoW, but can be done legally.
>gets blown out
Sorry you live in such a low IQ arrogant country. try renouncing if you want actual freedom.

now, APOLOGISE, I'll wait

[Anonymous No.17140844]

>>17138344
This thread literally breaks federal law and OP should be reported to the DOJ. That being said, moving your assets outside the IRS jurisdiction is legal.

[Anonymous No.17140904]

>>17139480
The tax authority of your country most likely does not have access to your bank records, expect in the case where they are specifically auditing you. This is the case in Canada and i suspect it is the same in aus.

However if you receive 10k in a bank transfer within a 24 hr period from a foreign entity, then that IS reported to the tax authorities, and they will review those transfers and look at your declared income, and you'll get fucked. Do some research on how this works in aus.

[Anonymous No.17140923]

>>17140904
Actually i think its not just from foreign entities www dot fintrac-canafe.gc.ca/reporting-declaration/info/rptLCTR-eng

[Anonymous No.17140948]

I see a lot of people saying you can just leave a country that bases it's taxation on residency and live in a foreign country with no capital gains tax or corporate tax to cash out, well technically you still have to pay tax on your gains when you leave.

Most residency based taxation countries have a rule where you have are deemed to dispose of your holdings on emigrating, therefore if you file your last tax return in the country you have to pay taxes on the crypto gains. So you're committing fraud at that point if you don't report it. Though who knows how they would ever prove you had the crypto and left the country with it or be aware of this.

This is just for your information so that you can properly pay all of your taxes :)

[Anonymous No.17140995]

>>17140948
>well technically you still have to pay tax on your gains when you leave.

This

How do you minimise this?

[Anonymous No.17141006]

>>17140528
ahhh jap girls destroying my dick today

[Anonymous No.17141278]

>>17138344
Got me thinking...
What if I sold something like my house (no mortgage, payed 200k for it) for say 20btc...
I then cash out 10btc... do I pay tax? I don't think I should!
Basicly boyz when the time comes you wont need to cash out.. we will be perchacing everything directly with crypto... no banks, no tax man, and everyone will gladly take BTC to settle a debt.

That's where we are headding, because crypto is not very compatible with current fiat systems, they only hold it back.

t. Might sell my house for btc soon!

[Anonymous No.17141299]

The easiest way is to simply not pay it and hope you don’t get caught. The chances of actually getting caught are quite low. I’ve taken $150k in profits and haven’t paid a cent to the IRS and I never will.

If they catch me, I’m the type of person who will thrive in prison.

[Anonymous No.17141405]

>>17141299
hahahahhahahahhahahahahhaahahhahahahaha

[Anonymous No.17141474]

If anyone actually makes it, hire a crypto tax consultant.

[Anonymous No.17141482]

>>17140995
This is BS. Government can't force you to sell your property at the point of naturalization or whatever is being used to obtain citizenship. Nazi Germany ended fren.
>>17141299
this is the attitude

[Anonymous No.17141752]

Make this legal for blockchain investments

[Anonymous No.17141778]

>>>/tv/128990414

[Anonymous No.17142418]

>>17138344
Crypto to crypto is not taxable yet here so I'm just pushing most of my gains into stablecoins like Tether or USDC and cash out just a small amount regularly.

[Anonymous No.17142458]

>>17138344
hi glow. goto an accountant and minimise as much as you can. this thread is retarded, you think the tax agencies dont have a tonne of data nowadays

[Anonymous No.17142583]

>>17142458
Is that a man?

[Anonymous No.17142613]

>>17140677
$38k plus the standard deduction, which changes every year but is like $12k I think

So around 50k a year, tax free, if you can prove you hold the coins you cash out for over 1 year. The wagies would revolt in the streets if they found out

[Anonymous No.17142729]

>>17138344
move to puerto rico like Peter Schiff and forget taxes:
skip to 33:30
https://youtu.be/3u7kDfEtKfs?t=2011

[Anonymous No.17142758]

>>17140361
That's quite funny. If you're not a burger you can totally hide your assets in the US. The US gets all info but doesn't share anything.

[Anonymous No.17142878]

>>17139487
they cut you a bankers draft for the balance which you use to open an account elsewhere

[Anonymous No.17142958]

>>17140614
True as someone that has had 3 government jobs so much labor is lazy and wasted and so much departments are overstaff and literally do NOTHING.

[Anonymous No.17143001]

>>17140677
Holy shit im literally hovering 36-42 depending on OT this year ima cut that shit since i plan on cashing out 2021 for long term tax gains.

[Anonymous No.17143148]

>>17138344
The answer is to buy more cheap crypto at the bottom to actually pay your taxes with later. I just calculate how much I want to make after taxes and buy enough crypto so that when I hit my sell points the tax amounts are included. Yeah it’s a little more expensive but it’s the overall easiest way. Anything else is too risky or too much effort or involves giving up citizenship in my home country which I’m not going to do.

[Anonymous No.17143156]

rich people go to panama

[Anonymous No.17143210]

>>17138344
>cashing out

Good meme bro

[Anonymous No.17143223]

Held LINK for almost 2 years. When I sell I pay 0 taxes. Germanon

[Anonymous No.17143248]

>>17138344
crypto is going to crash the old pay tax by force system.

[Anonymous No.17143363]

>>17139782

How the fuck does anyone find all the shitty tax loophole countries?

[Anonymous No.17143476]

I'm a britfag and want to cash out in Monaco and basically live there. How much do I realistically need to be able to do this?

£1 million?
£5 million?
£10 million?

[Anonymous No.17143521]

>>17138344

I never understood why the IRS and other tax agencies go after people so hard when they don't have skin in the game.

[Anonymous No.17143649]

>>17143521
its to spread fear.they know that rich and powerful people will always find ways cheat so they will make sure that the average guy is too afraid to even try.

[Anonymous No.17143685]

>>17138344
Take a nexo loan nigger

[Anonymous No.17143726]

>>17141474
>Hire someone to rob me since i have a sign on my forehead saying i have a bunch of crypto and no knowledge of taxes.

Dont listen to this guy.

[Anonymous No.17143758]

>>17140361
PR anon here and CPA.
None of this is true. You dont need to even file a 1040 if you dont have US income, i.e., a PR resident.
Imagine not even being American and knowing what a 1040 is. Talk about being an obsessed loser about something that is not only not true but also doesnt will never apply to you because you are a subhuman europoor.

[Anonymous No.17143988]

>>17141278
these are the people giving advice on this board jfc

[Anonymous No.17144036]

dont ever cash out. keep it as DAI

[Anonymous No.17144041]

>>17138344
If you sell less than $40k of crypto a year, you owe 0% capital gains taxes. So basically if you live a modest suburban lifestyle away from the coasts, you can live the rest of your life without paying a single cent in taxes.

[Anonymous No.17144103]

>>17140528
>it's not like i earned that money. i made it by sitting on my ass

How does it feel to take it in the ass on the regular? I'm just curious, anon.

[Anonymous No.17144185]

>>17140528
You're a stupid fucking faggot and no one should listen to you. The extremely volatile assets you invested in came at great risk to your capital. Any gains you made came through hours and hours of fucking research as you carefully navigated scam projects which make up about 90% of this marketplace.
As if 30% tax is justifiable.

[Anonymous No.17144199]

>>17144041
Not trying to be a Reddit fag, but what are you referencing so I can look it up for myself?

[Anonymous No.17144205]

>>17138426
This only works if you buy your crypto after you become a Puerto Rican resident. If you purchased before the government can still tax your gains.

[Anonymous No.17144227]

Just HODL, fiat is about to be abandoned

[Anonymous No.17144266]

>>17138344
Why are you worried about this? Once in crypto, forever in crypto. You can't cash out, remember?

[Anonymous No.17144359]

>>17144199
>>17140677

[Anonymous No.17144468]

How do you guys just move abroad? I live in Australia and no tax haven will let me stay long enough to apply for residency unless I have a special trade skill.

[Anonymous No.17144490]

>>17144468
marriage

[Anonymous No.17144554]

>>17144490
I would rather pay the tax

[Anonymous No.17144597]

>>17144359
Thanks anon, I missed that.

[Anonymous No.17144625]

>>17138375
Can you buy stocks with crypto? Will banks give you loans based on the value of your crypto? Because if either of those work you can just live on low interest loans for infinity and cash out way below the high tax brackets and use that to service your debt. And it's 100% legal and you don't have to fuck around with nigger countries.

[Anonymous No.17144666]

>>17144625
>Will banks give you loans based on the value of your crypto?
lol

[Anonymous No.17144683]

>>17138344
Who the fuck cashes out crypto, when crypto is literally the future?

Just lend your crypto, earn and live off the interest.

No wonder you fucking retards are poor.

[Anonymous No.17144702]

>>17144666
I mean if crypto is ever going to be "real" a bank will have to view it as a real asset worth evaluating and giving loans on just like they do with stocks now.

[Anonymous No.17144713]

>>17144625
Holy fuck I have no words.

[Anonymous No.17144739]

>>17144625
Prime-xbt.io let’s you margin trade the stock and forex market using bitcoin.

[Anonymous No.17144755]

>>17144713
Yeah maybe I'm retarded. I dunno m8. I'm just a simple farmer irl. I'll go back to my turnip field

[Anonymous No.17144769]

>>17140528
>if i were making 100k a year i would gladly let the government tax me 20 or 30 percent. it's not like i earned that money. i made it by sitting on my ass

you must be kidding, right? if not you are seriously a bluebill beta faggot

[Anonymous No.17144773]

>>17144755
Invest in XRP, banks already use it. In may of 2020, it will go to 2000 USD.

[Anonymous No.17144782]

pill*

[Anonymous No.17144794]

>>17140528
>if i were making 100k a year i would gladly let the government tax me 20 or 30 percent. it's not like i earned that money. i made it by sitting on my ass

What I read was:

If I were marrying a 10/10 I would gladly let men fuck her and cuck me, it's not like she belongs to me, she's her own person. I also like it up the ass.

[Anonymous No.17144797]

>>17144205
This isn't true. You don't even technically have any gains until you cash out.

[Anonymous No.17144838]

>>17139782
Arthur Hayes ladies and gentlemen

[Anonymous No.17144853]

>>17140528
Cuckolds like you a part of the problem

[Anonymous No.17144873]

>>17143363
By looking up tax havens on Wikipedia

[Anonymous No.17144959]

>>17143476
More than 10.

[Anonymous No.17144987]

>>17138344
Only way to "evade" taxes is to operate ONLY in physical cash, AND to live a life beneath your income (assuming your income is in any way significant). In the modern day system we live in, there is a record of EVERY transaction that is made, somewhere, someway, somehow. IRS has full authority to request those records if it occurred on US soil.

If you're trying to be sneaky but also using electronic systems, you will get busted. Never an issue of if, only when.

[Anonymous No.17145183]

>>17144739
Sounds like the way to go then
>>17144773
Thanks for the tip.... It's worth dogshit now tho sooo maybe I invest in some of it for lulz but that'd be cray if it hit 2k in mere months
>>17144987
You can just take low interest loans out against valuable assets you have and that isn't taxable. Service the debt by selling off small chunks of it piecemeal so that your "income" on paper is like 60k or some normie tier shit.

[Anonymous No.17145214]

>>17145183
You're welcome, I like farmers. :)

- Banker

[Anonymous No.17145386]

>>17138344
>Since many of us will be getting quite wealthy soon

Imagine being so deluded.

[Anonymous No.17145435]

>>17144755
Didn't mean it in a terrible way, mate. I'm new to a lot of this shit myself.

[Anonymous No.17145727]

>>17145214
Lol bankers and farmers, brothers in tax avoidance schemes. I used to hate bankers for fucking up farmers and then I just realized there's a lot of stupid farmers not making use of the best financial tools available to them.

[Anonymous No.17146279]

>>17140528
>i would gladly let the government tax me 20 or 30 percent
this is why we are fucked guys

[Anonymous No.17146504]

>>17140677
>burgers complaining about a 15% capital gains tax
>people like myself living in a socialist country
wow, it's fucking nothing.

[Anonymous No.17146530]

>>17138344

It's very simple, you don't cash out any more than you need to at any time. Put a million dollars in your bank, you're going to get anally visited in your sleep by a pack of IRS niggers. Cash out small amounts and put them in stocks or other assets that produce more money, nobody gives a fuck.

Then again crypto is the best performing industry out there so why bother really. Just cash out what you need to live off. You can even take on debt, it doesn't matter as long as you have huge stacks of crypto and nobody knows about it.

[Anonymous No.17146541]

>>17146504
Yeah but the state's get to tack on. If you live in California income and capital gains plus federal can add up to like 50-60% plus we get raped in the asshole on private health insurance so our overall cost of living is worse than yours.

[Anonymous No.17146551]

>>17138344
>kill yourself
never pay taxes again

[Anonymous No.17146561]

>>17146551
Only if your assets are in a living trust before you die otherwise you're subject to the estate tax

[Anonymous No.17146599]

>>17146504
>burgers complaining about a 15% capital gains tax
if we're lucky, it'll be 20%. When the time is right, I'm gonna take all my chips off the table and realize a huge capital gain. I will also pay the protection money so the government doesn't come after me. Anyone trying to evade taxes here is begging for imprisonment. I'm not gonna live life looking over my shoulder for IRS auditors, especially when dealing with a fully automated immutable ledger.

[Anonymous No.17146608]

>>17146561
>literally died
>taxed
gosh darn jews really got us in a bind

[Anonymous No.17146617]

>>17140361
How can they physically go to another country and seize your shit that makes no sense

[Anonymous No.17146729]

Oh yeah. It's fucked.

[Anonymous No.17146834]

>>17138344
>Creative ways to cash out
1. find a chinaman in your local chinatown
2. wink at him with your big round eye
3. send him bitcoin, he gives you cash in return
>launder money
4. involves paying taxes of some sort. take cash from #3, go to low tax jurisdiction and start a business dealing with cash there and wash your cash
that's pretty much it

[Anonymous No.17146969]

>>17138344
I reported gains and didn't get taxed because it was long term gains and my income tax was 0%.

[Anonymous No.17147467]

>>17146834
Unironically buy a farm, vineyard, or some shit and wash your money that way.

[Anonymous No.17147516]

>>17144683
BlockFi gang

[Anonymous No.17147571]

>>17140391
I’m from Scandinavia too. Can confirm that trying to cash out in another country to avoid tax doesn’t work.

[Anonymous No.17148127]

>>17143223
Held LINK for over 2 years. When I sell, I pay a 33% tax. (unless my profit is lower than 305 €)
Frenchanon

[Anonymous No.17148163]

>>17138344
localmonero

[Anonymous No.17148252]

Aren’t there websites you can buy gold with crypto? Also you can cash out paper fiat with ATM’s. With a fake ID and burner phone you can get up to 5k a day out of ATM’s. Let’s say someone was a criminal and bought half their crypto via ATM’s with fiat and the other half legit through Cuckbase. If you cashed out and still pay your taxes is the ZOG even gonna care if there’s a solid 10-20k paper trail of legit money?

[Anonymous No.17148367]

>>17140177
based

[Anonymous No.17148412]

>>17140124
Move to a country with 0% dividends tax, pay yourself dividend from the company.

Profit.

[Anonymous No.17148452]

>>17141752
This would be a good step

[Anonymous No.17148455]

Tax avoidance is 100% legal and relatively easy.
my taxes plummeted with the new rules thanks to the S corp deduction, higher standard deduction, lower tax rates, and expanded child tax credit.

[Anonymous No.17148457]

>>17147571
What country?

You could join some of the crypto Facebook groups there's always persons wanting to buy for cash or bank transfer.

[Anonymous No.17148463]

>>17141299

based

Literally what I'm going to do. I'm going to just keep buying crypto and cash out to buy a Japanese visa or citizenship by starting a Jazz club in Kanagawa Japan.

[Anonymous No.17148698]

TAXES ARE STUPID THE CENTRAL BANKS CAN JUST PRINT THE CURRENCY INTO EXISTENCE
M2 CURRENCY SUPPLY IS NOT EVEN EQUAL TO THAT OF THE NATIONAL DEBT MEANING THERE WILL NEVER BE A PAY OFF
IT'S A PONZI SCHEME AND WE'RE ALL WAITING FOR IT TO FUCKING BLOW AND GOD DAMN IT WILL BE GLORIOUS WHEN THIS EMPIRE CRUMBLED TO ITS KNEES LIKE THE USSR DID. ALL DEM BOIS IN IRAQ WILL BE STUCK THERE BECAUSE THERE WILL BE NO CURRENCY TO PAY TO BRING THEM BACK LMAO.

[Anonymous No.17148927]

>>17148163
feds are all up in there. agoradesk is probably better

[Anonymous No.17148940]

>>17140614
from the 80s so even worse now probably

[Anonymous No.17148944]

TAX EVASION IS ILLEGAL AND SHOULD NOT BE CONDONED. TAX AVOIDANCE HOWEVER IS PERFECTLY LEGAL AND SHOULD BE ENCOURAGED.

[Anonymous No.17149087]

>>17144554
kek

[Anonymous No.17149093]

>>17138344
>The government would destroy crypto if they could.
Of course, it is unconstitutional.
The banks love it though, see how hard they are pushing for a cashless society.

[Anonymous No.17149279]

How do I write off escorts?
My only guess is to find one that is a licensed masseuse but since she would have to pay taxes it would be more expensive anyway

[Anonymous No.17149428]

>>17146561
For Amerifats, the Federal estate taxes don't start until your estate is literally in the multiple millions of dollars. States fuck you a lot sooner, e.g., New York. I don't know why anyone with money would ever live in New York; they fuck you in every orifice on taxes even after you croak.

[Anonymous No.17149447]

>>17144773
>In may of 2020, it will go to 2000 USD
>thinks the market cap of xrp can 7000x in 3 and a half months

[Anonymous No.17149521]

>>17146969
based

I got sick and forced to stop working a few years ago. Been living off savings since. In a year or two I will probably have to start cashing out my BTC, unless I try to find a job I can do now. The first $34K or maybe $38K is tax-free for Amerifats (deductions, initial 0% rate on long-term gains). I can live comfortably on that even if I picrelated the cashout.

[Anonymous No.17149640]

>>17149521
there are some benefits to being a NEET

[Anonymous No.17149661]

>>17138344

[Anonymous No.17149897]

>>17149428
Live in Connecticut or Rhode Island and commute I suppose lol. Kinda like SF area people get infatuated with it who aren't even from the area and then old money families real estate rape them.

[Anonymous No.17150303]

>>17141482
>t. has never heard of exit visas

>>17140817
>>Set up foreign company
>>While living abroad
>>Company profits from lets say from an (((asset)))
>>Pay yourself wage from said asset that company owns.
>>You now have a wage
>forgets that the country where the company is set up will now tax both the wages and the corporate income used to pay the wages
>gets double-taxed on his gainz
>wastes more on the foreign taxes than on long term capital gains in the U.S.
>oops exceeded $100K in """income"""" have to pay taxes to US IRS *as* *well*
>t. literally retarded

>>17140656
You have to know the right questions to ask first, though. Mine has saved my ass multiple times what I paid her. A good accountant is worth her weight in beer.

[Anonymous No.17150628]

>>17138344
>paying taxes when the irs is about to be abolished

[Anonymous No.17150637]

>>17138367
>cashing out of the future global currency

[Anonymous No.17150994]

>individual person makes a high-risk investment (crypto)
>investment succeeds: has to pay out the ass in taxes
>investment fails: sucks for you

>(((bank))) makes a high-risk investment (mortgages)
>investment succeeds: bank takes all the profit
>investment fails: oy vey the taxpayer has to bail us out! We're too big to be allowed to fail!

[Anonymous No.17151656]

If you REALLY believe these meme coins are going to the moon. Just start a corp in low tax state/province now. Take the small hit of capital gains now when you transfer it over or do a swap. When i say small, i mean relative to the 1000%+gains
Talk to a tax ACCOUNTANT. Its free
Ask for a no obligation free consultation from a tax lawyer. Take a list of questions to the meetings.

[Anonymous No.17151726]

>>17151656
Mature B&R response. Nice.

[Anonymous No.17152114]

have a 2nd passport, abandon u.s tax status by dropping u.s citizenship or green card, cash out your crypto in switzerland or some other place with good secretive banks and deposit in multiple ones from different places.

After that, you only have to worry about taxes on your investments. IF you are really tax-disinclined, consider ways to not have tax status on any country, say by moving every 3 or 4 months a year to have no tax residence anywhere, or maybe in some 3rd world country with lousy tax acquisition methods.

[Anonymous No.17152131]

or go the Macfee route and live in a big boat

[Anonymous No.17152144]

the 100 dollars you made doesnt make one wealthy pajeet

[Anonymous No.17152178]

I aint paying shit fuck off irs

[Anonymous No.17152298]

>>17146617
Its called a lien

>>17150303
Are you the same Anon that was supposed to apologise?
Anon, what you've just said...is one of the most insanely idiotic things I have ever heard. At no point, in your rambling, incoherent response, were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

[Anonymous No.17152534]

>>17150994
there's a difference between crypto prices going down than almost every fucking mortgage bond around the same time defaulting

[Anonymous No.17152721]

>>17138344
Is everyone retarded in this thread ? Literally take nexo loan and pay it back with your crypto plus 12 % interest rate. debt is not taxable

[Anonymous No.17152837]

>>17152721
>Is everyone retarded in this thread ? Literally take nexo loan and pay it back with your crypto plus 12 % interest rate. debt is not taxable

well reminded! nexo/monaco are good alternatives. and MCO even offers some cashback

[Anonymous No.17152886]

>>17148127
>Held LINK for over 2 years.
As a profoundly retarded person, don't your """earnings""" get reported as part of your legal guardian's income along with your social security income?

[Anonymous No.17152902]

>>17139473
Pretty sure he was an idiot using localbitcoins

[Anonymous No.17152929]

>>17138344
Start a buttcoin business in a tax haven country. Or use localbitcoin sell them for cash. Bring a knife.

[Anonymous No.17152937]

>>17152886
s e e t h e

[Anonymous No.17152949]

>>17138367
I'm in Canada. I'd gladly cash out 120k crypto and pay 15k in taxes. Still more than I had. Also I'm not a leech on society.. Looking at you welfare fags.

[Anonymous No.17152976]

>>17138344
these online transactions are impossible to hide. If you try then get ready for jail.

[Anonymous No.17153033]

I don't know much, but here's a start:
Start a business in something you love, or a hobby, and deck that hobby the fuck out, start a bunch of other businesses, get your gf, mother, brother, uncle, everyone a business, buy a crap ton of rental real estate, start depreciating, buy a lot of other tax deductible items, contribute max to 401k, HSA's, Whole life insurance, every other tax deferred or tax beneficial account you can, start a family dynasty bank....and you're still going to pay a shitload in taxes, if you really made it. Just bite the bullet and live guilt free the rest of your life. Think of it this way, the tax situation is the final hurdle before you actually "made it".

Hire a really good tax attorney and accountant. If they are that good, and you really really made it, they will save you 10x the cost you paid hiring them.

Of course I'll won't need to use any of this advice for a while. I'm going to make it, but I'll need to do it the old fashioned way, as I don't have a make it stack.

[Anonymous No.17153154]

>>17152937
Confirmed mentally incapacitated.

Your contributions to a thread that deals with the real world tax implications of an asset class that a few (very few) people on a cartoon board have actually recognized taxable gains on:
1. Called someone a cuck for managing their holdings like a responsible business
2. Recommended looking for tax haven countries on Wikipedia (lol) because your actual stock of knowledge is in fact that limited... not that this would ever stop you from typing up moronic replies.

[Anonymous No.17153419]

>>17153154
>wikipedia bad

>managing their holdings like a responsible business
No need to virtue signal, this isn’t twitter or reddit