Wait a second. I live in the US. Let's say I made 300k in crypto and want to cash out... I have to pay 115K in taxes? ARE YOU FUCKING SERIOUS? THAT'S MORE THAN a 1/3RD OF MY PROFIT. WHAT THE FUCK IS THIS BULLSHIT? THAT'S MORE TAX THAN APPLE AND GOOGLE PAID LAST YEAR COMBINED.

File: 625 KB, 1102x535, Screen-Shot-2015-05-20-at-11.48.43-AM.png [View same] [iqdb] [saucenao] [google]

Anonymous Mon Jun 5 20:15:26 2017 No.2303352 [Reply] [Original]

Wait a second. I live in the US.

Let's say I made 300k in crypto and want to cash out... I have to pay 115K in taxes?

ARE YOU FUCKING SERIOUS? THAT'S MORE THAN a 1/3RD OF MY PROFIT.

WHAT THE FUCK IS THIS BULLSHIT? THAT'S MORE TAX THAN APPLE AND GOOGLE PAID LAST YEAR COMBINED.

>>	Anonymous Mon Jun 5 20:16:53 2017 No.2303375 >>2303352 BitPay credit card.

>>	Anonymous Mon Jun 5 20:17:25 2017 No.2303384 open a bank account in a tax haven and cash out there

>>	Anonymous Mon Jun 5 20:17:26 2017 No.2303383 >>2303352 lol welcome to the bullshit protip; just never cash out pay for everything in crypto from now on

>>	Anonymous Mon Jun 5 20:19:40 2017 No.2303407 >>2303352 Render unto God what is God's and unto Caesar what is Caesar's. Evading taxes is a good way to wind up in jail. Look at it this way: you're still up $185k

>>	Anonymous Mon Jun 5 20:19:45 2017 No.2303411 >>2303352 Doesn't it depend how long you hold it? Long term capital gains tax is 15%, so you would owe $45k. LT is holding over a year.

>>	Anonymous Mon Jun 5 20:21:58 2017 No.2303447 >>2303352 Just hold them for over a year. Then you can claim long term capital gains of 15%. You don't have to pay taxes until you cash out, I remind you, similar to stocks or any other asset.

>>	Anonymous Mon Jun 5 20:22:10 2017 No.2303450 >>2303352 now the rich fag corruption is understandable, isn't it?

Anonymous Mon Jun 5 20:23:34 2017 No.2303469
File: 22 KB, 620x413, fistnigger.jpg [View same] [iqdb] [saucenao] [google]

>>2303383
>>2303407

Dude this is fucking bullshit. This is god damn America not fucking communist China. Where the fuck does all our tax money go? The infrastructure is shit, roads are full of pot holes. Is it going to niggers on welfare? WHERE IS IT GOING?!?!

>>	Anonymous Mon Jun 5 20:24:37 2017 No.2303482 >>2303469 Fast and furious and drug war.

Anonymous Mon Jun 5 20:24:39 2017 No.2303483
File: 771 KB, 500x267, linestepper.gif [View same] [iqdb] [saucenao] [google]

>>2303407
This

The fact that you're even dipping your tale in crypto shows that you're sticking it to the Military Industrial Complex as much as possible.

Step up to the line of what is legal, but do not cross it.

>>	Anonymous Mon Jun 5 20:24:54 2017 No.2303487 I just went on tax calculator and... >300k assuming no income >single, less than a year of ownership >amount owed: $80,000 if you owned it for more than a year you'd only pay $40,000. Where did you learn to math, OP?

>>	Anonymous Mon Jun 5 20:25:15 2017 No.2303495 >>2303384 Used to live in the Cayman Islands (The Caribbean's favorite tax haven). Take a 2 week vacation there and cash out.

>>	Anonymous Mon Jun 5 20:25:25 2017 No.2303500 File: 7 KB, 250x250, 250px-Facelessrebel.jpg [View same] [iqdb] [saucenao] [google] >>2303352 You better pay us anon.

>>	Anonymous Mon Jun 5 20:25:54 2017 No.2303510 File: 896 KB, 800x600, Friendship ended with alt right.png [View same] [iqdb] [saucenao] [google] >>2303469 Saudi Arabia Israel Military Bailouts

>>	Anonymous Mon Jun 5 20:26:08 2017 No.2303512 >>2303487 I used this site https://smartasset.com/taxes/income-taxes#PSUPBcaIqe

>>	Anonymous Mon Jun 5 20:27:46 2017 No.2303525 >>2303495 and how do you suppose you take that much cash with you on the plane? deposit it at the bankk? u think ur bank will let it go unnoticed?

>>	Anonymous Mon Jun 5 20:27:58 2017 No.2303528 >>2303512 I'd have to pay 119k in taxes...

>>	Anonymous Mon Jun 5 20:28:18 2017 No.2303533 >cashing out You're supposed to wait until BTC is a reserve currency in 3-5 years you mong.

>>	Anonymous Mon Jun 5 20:28:48 2017 No.2303543 >>2303525 Cayman Airways my dude. You get free rum punch and literally everyone else is doing the same thing you are.

>>	Anonymous Mon Jun 5 20:28:52 2017 No.2303547 >>2303469 military. I retired at 30, thanks for paying my pension and medical care faggot

>>	Anonymous Mon Jun 5 20:29:15 2017 No.2303554 >>2303512 >https://smartasset.com/taxes/income-taxes#PSUPBcaIqe >enter 300k, still comes out at around $90k no really, where did OP learn math?

>>	Anonymous Mon Jun 5 20:30:29 2017 No.2303568 >>2303554 u live in a shithole

>>	Anonymous Mon Jun 5 20:31:10 2017 No.2303578 >>2303375 This and purse io. and just withdraw small amounts so you dont get noticed.

>>	Anonymous Mon Jun 5 20:31:21 2017 No.2303581 >>2303352 (((US GOVERNMENT))) It's like they don't want you to win man.

>>	Anonymous Mon Jun 5 20:32:23 2017 No.2303598 >>2303554 Total income after taxes. I live in Southern California, you must live in Idaho or something.

>>	Anonymous Mon Jun 5 20:32:26 2017 No.2303599 >>2303469 It goes to fuck up other countries to bring down their wages so we can hire them and make our product cheap.

>>	Anonymous Mon Jun 5 20:34:32 2017 No.2303629 >>2303568 >>2303598 Florida actually. I can't imagine paying Cali taxes. Seems absurd.

>>	Anonymous Mon Jun 5 20:34:51 2017 No.2303637 >>2303547 Well, considering you were experimented on and probably have immense, permanent, and incurable psychological damage and effectively live a shell of a life, you retiring at 30 is fine with me.

>>	Anonymous Mon Jun 5 20:34:53 2017 No.2303638 >>2303352 How the fuck did you make that much on crypto?

>>	Anonymous Mon Jun 5 20:38:21 2017 No.2303684 File: 3.47 MB, 1350x1800, Vwi5qML.png [View same] [iqdb] [saucenao] [google] >>2303352 if you make $300K in crypto, why the fuck would you want to live in the US? move to thailand and live like a got dam king. fuck LBFMs all day, pic related

>>	Anonymous Mon Jun 5 20:39:00 2017 No.2303698 BTC isn't an investment or USD money. Its a token. It isn't regular in any sense. You dont owe anything.

>>	Anonymous Mon Jun 5 20:40:13 2017 No.2303716 >>2303547 Enjoy having to go back to work because Trump is cutting your bullshit

>>	Anonymous Mon Jun 5 20:41:24 2017 No.2303726 >>2303598 >trading crypto >in Cali KEK

>>	Anonymous Mon Jun 5 20:41:32 2017 No.2303732 File: 1.65 MB, 480x481, rare (2).gif [View same] [iqdb] [saucenao] [google] >>2303469 >half of it goes directly to interest payments on itself

>>	Anonymous Mon Jun 5 20:44:16 2017 No.2303772 File: 20 KB, 480x360, 1455728845289.jpg [View same] [iqdb] [saucenao] [google] >>2303547 >thinking his pension and medical care wont get cut as soon as dindu nuffin gets back in the white house

>>	Anonymous Mon Jun 5 20:46:23 2017 No.2303808 File: 21 KB, 329x350, VERY funny meme.jpg [View same] [iqdb] [saucenao] [google] >paying fees, plus taxes >not scammin (figuratively and literally) on localbitcoins and craiglist

>>	Anonymous Mon Jun 5 20:49:34 2017 No.2303842 Is there a way to set up a Kickstarter and have someone donate the crypto to your group. You use the crypto like a loan and lose it all on Lambos and claim a loss.

>>	Anonymous Mon Jun 5 20:51:22 2017 No.2303857 File: 9 KB, 213x250, 1496677914070.jpg [View same] [iqdb] [saucenao] [google] >>2303842

>>	Anonymous Mon Jun 5 21:33:57 2017 No.2304363 >>2303543 This is bullshit. I've watched way too many Locked Up Abroad episodes to risk smuggling shit onto an airplane.

>>	Anonymous Mon Jun 5 21:37:22 2017 No.2304392 >>2303698 Learn the law dipshit.

>>	Anonymous Mon Jun 5 21:38:05 2017 No.2304397 >>2304363 you don't have enough money to raise concern, unless you cash out in like 20 dollar bills

>>	Anonymous Mon Jun 5 21:39:55 2017 No.2304413 >>2304397 OP basically asked how he could avoid paying taxes on $300k. The answer was to take it to the Caymen islands on an airplane. Splain what you mean by "you don't have enough money to raise concern"

>>	Anonymous Mon Jun 5 21:42:06 2017 No.2304437 >>2303469 https://gyazo.com/0732b76fed0bb75e762135f004f3c497 over half is "health" (medicare, aka niggers) and "social security" (welfare, aka niggers)

>>	Anonymous Mon Jun 5 21:42:38 2017 No.2304448 >>2303407 cucklogic.jpg

Anonymous Mon Jun 5 21:47:12 2017 No.2304499

bump.

how does the tax for this shit work in australia. is it just gst or capital gains.

FUCK the government and fuck the cucks who tell me i should pay. im just putting my gains into BTC which will appreciate anyway and cash out in a non cucked country.

>>	Anonymous Mon Jun 5 21:47:57 2017 No.2304507 >>2303469 Mostly defense companies and these days, Trump properties.

>>	Anonymous Mon Jun 5 21:48:34 2017 No.2304516 >>2304499 i've heard NZ might not have capital gains tax maybe marry a kiwi?

>>	Anonymous Mon Jun 5 22:01:22 2017 No.2304649 >>2304499 So you're asking about how taxes work in your country....but you say you're not going to pay taxes in your country? The fux?

>>	Anonymous Mon Jun 5 22:11:39 2017 No.2304769 >>2303352 welcome to the adult world, kid

>>	Anonymous Mon Jun 5 22:18:56 2017 No.2304837 >>2303495 so wtf do you do? open up a cayman islands bank account and transfer BTC to it? Chances of getting fucked?

>>	Anonymous Mon Jun 5 22:23:34 2017 No.2304877 With that much money you could afford to leave the country and renounce citizenship

>>	Anonymous Mon Jun 5 22:25:17 2017 No.2304888 >>2304769 lel, i smell a boomer fuck "PAY MY SOCIAL SECURITY, GOY"

>>	Anonymous Mon Jun 5 22:25:31 2017 No.2304890 >>2304413 Anon doesn't have to get on a plane with 300,000$ in cash all he has to do is bring a usb with all his bitcoins on it to get there. Much less suspicious

>>	Anonymous Mon Jun 5 22:26:08 2017 No.2304896 >>2304890 or a paper wallet tucket into his actual wallet ezpz

>>	Anonymous Mon Jun 5 22:31:28 2017 No.2304958 >>2304837 Approximately 100%

>>	Anonymous Mon Jun 5 22:31:34 2017 No.2304961 How did you figure out that number? I want to know how much I am going to get cucked.

>>	Anonymous Mon Jun 5 22:35:42 2017 No.2305000 >>2304896 Why put it in your actual wallet when you have a perfectly good asshole?

>>	Anonymous Mon Jun 5 22:48:12 2017 No.2305126 >>2304958 can you explain how he would get fucked? fly to Cayman Islands, exchange BTC, come back with cash how would he get fucked in this situation?

>>	Anonymous Mon Jun 5 22:48:56 2017 No.2305131 >>2303495 >>2303525 who said anything about leaving?

>>	Anonymous Mon Jun 5 22:51:54 2017 No.2305162 >>2303407 Caesar didn't mint my coin, and it belongs to no nation or king

>>	Anonymous Mon Jun 5 22:53:25 2017 No.2305178 >>2303469 It goes to pay the interest on our (((national debt))) which is owned by Federal Reserve Bankers who printed money from nothing and lent it to us for interest.

>>	Anonymous Mon Jun 5 22:55:01 2017 No.2305195 File: 11 KB, 316x455, 1458198651883.png [View same] [iqdb] [saucenao] [google] >>2303469 What roads? Most new roads and bridges and airports now installed FasTrak and you pay for each time to pass them, $2-$7 each time you drive through them, one way.

>>	Anonymous Mon Jun 5 22:57:20 2017 No.2305219 File: 582 KB, 807x637, muricabestgoy.png [View same] [iqdb] [saucenao] [google] >>2303469 >Where the fuck does all our tax money go? Pic related.

>>	Anonymous Mon Jun 5 23:02:32 2017 No.2305288 >>2305126 FATCA might be a problem

>>	Anonymous Mon Jun 5 23:03:10 2017 No.2305293 If you just use it to buy stuff you pay sales tax and it's all good right?

Anonymous Mon Jun 5 23:17:46 2017 No.2305470

>>2303352
>ARE YOU FUCKING SERIOUS? THAT'S MORE THAN a 1/3RD OF MY PROFIT.

No, you fucking children. Taxes are not profit, and they never ever were. Why the fuck do you think you get charged tax on your purchases from the store? So that you pay the tax up front and the store can calculate their profit AFTER that.

That's how it works. If you guys don't want to factor taxes for your yuge gains, you don't want to make money, period.

You need to look at this as a business, and as revenue, because revenue is what you get before you deduct costs to figure profit, and your taxes are part of your revenue, not your profit.

If you incorporated yourself before you started trying to make a quarter of a million you'd be able to soften the blow, but if you're gonna get pissy about having to send Uncle Sam his check, I SINCERELY hope you don't ever, ever, ever, EVER go into business for yourself or try to become financially independent. You're going to end up in prison if you want to piss your pants over a tax calculation, that any half-witted sno-cone salesman understands is akin to your product costs and upkeep.

This type of shit is why you're all poor as fuck. "MINE MINE MINE" like a fuckin' baby. It's money. Get emotionally attached to it and you might as well prepare to watch it get trucked off forever just like the 2 girlfriends you've ever had.

>>	Anonymous Mon Jun 5 23:22:34 2017 No.2305516 >>2305470 t. cuck

>>	Anonymous Mon Jun 5 23:27:47 2017 No.2305578 >>2303352 >having a capital gains tax youre getting double dipped senpai

Anonymous Mon Jun 5 23:28:01 2017 No.2305580

>>2305470
>This type of shit is why you're all poor as fuck. "MINE MINE MINE

Literally the most autistic argument I've ever seen. "Mine mine mine" - yes, indeed it is. It was coins that HE earned on his own. You are conflating someone wanting to keep the fruits of their labor with someone who believes that government should hand out free gibs.

Ironically, you probably fall into the latter category.

>>	Anonymous Mon Jun 5 23:31:53 2017 No.2305610 lol cryptoteenies joining the real world

>>	Anonymous Mon Jun 5 23:38:20 2017 No.2305683 File: 98 KB, 960x960, remove-collectivists.png [View same] [iqdb] [saucenao] [google] >>2305470 Fuck off statist scum.

>>	Anonymous Mon Jun 5 23:38:24 2017 No.2305684 File: 21 KB, 272x245, 1492358755482.jpg [View same] [iqdb] [saucenao] [google] >>2305470 >forever just like the 2 girlfriends you've ever had. Utter fool....

>>	Anonymous Mon Jun 5 23:43:53 2017 No.2305744 Just dont claim it on your taxes the irs will know.

>>	Anonymous Tue Jun 6 00:03:43 2017 No.2305915 >>2305470 >watch it get trucked off forever just like the 2 girlfriends you've ever had Well meme'd friend

>>	Anonymous Tue Jun 6 00:08:28 2017 No.2305966 It's okay OP. Bite the bullet and get the hit in taxes. Put 100k in a mutual fund. You will have $10m in modern USD by the time you are 45. In the meantime you can keep trading shitcoins.

>>	Sage Tue Jun 6 00:10:43 2017 No.2305989 Friendly reminder to sage tax threads and non bitcoin threads Schlomo, you're not welcome here

>>	Anonymous Tue Jun 6 00:16:16 2017 No.2306057 >>2303352 Capital gains tax is fucked up

>>	Anonymous Tue Jun 6 00:19:09 2017 No.2306088 >>2305966 Lol 100k to 10m in 25ish years? I'd like to see that table

>>	Anonymous Tue Jun 6 00:25:13 2017 No.2306148 >>2303352 hi, i am the doctor from nigeria, transfer your funds to my btc address and i will cash it out tax free 191F3QTHFH2AHb23fuGzkxaV2iCS7bwQsw

>>	Anonymous Tue Jun 6 01:33:55 2017 No.2306846 >>2305470 Wrong. I've never had a girlfriend, and I never will because I'm too beta. But at least I have my coins

>>	Anonymous Tue Jun 6 01:36:16 2017 No.2306866 >>2305470 >they never ever were lol "you didn't build that" bullshit fuck these taxcucks

Anonymous Tue Jun 6 01:39:14 2017 No.2306903

>>2306866
No, dipshit, it's called being objective. They aren't profit because if you're making money, your objective is to keep making money.

So skip taxes and take it, risking being shut down and owing money.

Or pay the fucking taxes as if it's just another bill, and keep making money for years to come.

No wonder you guys are always begging

>>	Anonymous Tue Jun 6 02:15:25 2017 No.2307219 >>2303598 >California There's your problem. Use your gains and GET OUT. Just wait until they hike taxes again for their single payer health-care idea.

>>	Anonymous Tue Jun 6 02:25:34 2017 No.2307289 >>2304769 Then you wonder why newer generation isn't giving a fuck about anything.

>>	Anonymous Tue Jun 6 02:27:35 2017 No.2307305 >>2306088 $1000 invested into Walgreens in 1970 is $2 mill today. Wake up you sheep.

>>	Anonymous Tue Jun 6 02:32:01 2017 No.2307333 >>2305162 You're selling your coins for dollars which is like Apple selling Apple products to other people and then having to pay income tax. You're basically a company right nao.

>>	Anonymous Tue Jun 6 02:33:14 2017 No.2307348 >>2303383 >t. i never diversify i just pay with rocks.

>>	Anonymous Tue Jun 6 02:36:18 2017 No.2307370 What stops me from living in a tax heaven country?

>>	Anonymous Tue Jun 6 02:36:45 2017 No.2307375 >>2303684 HOW THE FUCK DO PEOPLE FIND THIS HOT HOLY SHIT I'M A DEGEENERATE SONUVABITCH BUT WHENEVER I SEE THESE THAI ASIAN NIGGERS I GET THE FEELING OF A NASTY SMELL

>>	Anonymous Tue Jun 6 02:37:41 2017 No.2307383 >>2307370 FATCA

>>	Anonymous Tue Jun 6 02:38:39 2017 No.2307396 >>2307305 thats like 7k in todays dollars. and 1k probably would have taken years to save up for in the 70s.

>>	Anonymous Tue Jun 6 02:40:16 2017 No.2307407 >>2307383 What is FATCA? I'm not american

>>	Anonymous Tue Jun 6 02:43:01 2017 No.2307430 >>2307407 Welp, then you're good to go. Americans with more than 10 grand in a foreign bank account will get fucked by the IRS. FATCA is how they find us.

>>	Anonymous Tue Jun 6 02:45:34 2017 No.2307451 File: 29 KB, 640x480, saiodjfaisdjfgiqejfqwihf.jpg [View same] [iqdb] [saucenao] [google] >>2305580 i'm skeptical.. bitcoin lives matter.. its not all his, the coin matters. reeeeeeeeeee

>>	Anonymous Tue Jun 6 02:45:39 2017 No.2307452 >>2305966 Or: >get a safe >store it with cash >do it like your parents did and walk to the other side of the street to physically buy what you want to buy It's that simple. Plus, you'll get fit as a bonus!

Anonymous Tue Jun 6 02:48:23 2017 No.2307464
File: 49 KB, 640x640, 68ed91d25b306ca5e1524c635dd29822.jpg [View same] [iqdb] [saucenao] [google]

>>2303352
>>2303483
>>2303407
>>2305470

> Paying taxes on crypto gains.

Friendly reminder that TAXATION IS THEFT and it your ETHICAL DUTY to evade them.

In that light, there is a casino in Malta that let's you buy chips with BTC.

Anonymous Tue Jun 6 03:01:00 2017 No.2307542

>>2303383
i want hookers tho. gotta get my pp wet. small ass white boy town cant get laid around here.

>>2303469
>This is god damn America not fucking communist China.
thats youre mistake bro. in amsterdam you can get a piece of ass after work then go get a cheese burger and a few beers at a bar across the street, even light up some weed if you are into that, all without a badge wearing country accent good ol boy giving you a hard time for it.
lots of places are free, youve been sold a lie from the beginning.
https://www.youtube.com/watch?v=bjeq3NYUw2M

>>	Anonymous Tue Jun 6 03:07:15 2017 No.2307587 Wait What if you live in a third world shithole and cryptos are completely unregulated? Does that mean I have to pay fewer taxes?

>>	Anonymous Tue Jun 6 03:08:36 2017 No.2307596 >>2307587 Fewer to no taxes compared to burgers?*

>>	Anonymous Tue Jun 6 03:20:00 2017 No.2307671 >>2307407 It means that no matter where in the world you live, as long as you're a US citizen you pay taxes to the US.

>>	Anonymous Tue Jun 6 03:21:08 2017 No.2307679 >>2307587 it still counts as capital gains, and I'm pretty sure that is regulated everywhere

>>	Anonymous Tue Jun 6 03:36:35 2017 No.2307779 >>2303383 Still taxable. When you consume you take profit. Profits get taxed. You get fucked.

Anonymous Tue Jun 6 03:39:25 2017 No.2307805

>>2307679
No capital gains tax in Belgium and plenty of other countries, mate. They do have a speculative activities tax of 33%, so if you actively trade and they can prove it, you pay that. No tax on crypto gains if you buy and hold long. But that is the only thing not taxed at ridiculous rates here.

>>	Anonymous Tue Jun 6 03:52:10 2017 No.2307889 How much could you reasonably expect to be able to get out of a bitcoin ATM without raising any alarms?

>>	Anonymous Tue Jun 6 03:53:40 2017 No.2307900 >>2307805 The 33% speculation tax was cancelled start of this year.

>>	Anonymous Tue Jun 6 03:53:51 2017 No.2307903 File: 261 KB, 639x739, remove all nonebeaners.png [View same] [iqdb] [saucenao] [google] >>2303352 buy a BUNCH OF GUNS DAWG

>>	Anonymous Tue Jun 6 03:57:10 2017 No.2307930 How would they even know you were making money off crytocurrency? Couldn't you say this money was gifted to you by your rich Bitcoin billionaire uncle?

>>	Anonymous Tue Jun 6 04:02:30 2017 No.2307971 >>2307679 Nope. Switzerland.

>>	Anonymous Tue Jun 6 04:03:57 2017 No.2307981 >>2303469 >Where the fuck does all our tax money go? You went to school for how many years and you still don't know this? Meditate on that.

>>	Anonymous Tue Jun 6 04:05:10 2017 No.2307991 >>2307805 Yes get ready for a surprise ass rape when you get to buy a lambo. Uitgevoerd door pedo Elio btw.

>>	Anonymous Tue Jun 6 04:05:33 2017 No.2307996 >>2307671 What if you have dual citizenship?

>>	Anonymous Tue Jun 6 04:06:19 2017 No.2308005 >>2307396 Point proven.

>>	Anonymous Tue Jun 6 04:13:33 2017 No.2308063 Couldn't you just move to a state with no income tax and then cash out?

>>	Anonymous Tue Jun 6 04:17:33 2017 No.2308092 >>2303352 >Let's say I made 300k in crypto and want to cash out suuuuure

Anonymous Tue Jun 6 04:30:19 2017 No.2308188

crypto cucks, you think you could escape. The United States Government™ needs your willing donations to pay for its debts and for paying all the hundreds of thousands of useful bureaucrats, and for paying for all those wars. Don't forget to respect our troops, they defend your Freedom® and keep the you and your family safe from all the terrorists.

Anonymous Tue Jun 6 04:40:03 2017 No.2308251

>>2304890
>>2304413
What? Your wallet is just a public and private key. Encrypt it with a long passphrase, put it in google drive and like 5 other file storage places. Download and decrypt it wherever you want. This paper wallet shit is for the birds. Nice way to get it stolen or destroyed.

>>2308188
You pay the same tax rate on stocks and shit, friendly nocoiner. Only difference is crypto has more gains overall.

Anonymous Tue Jun 6 05:34:34 2017 No.2308580
File: 65 KB, 506x608, 1495922661825.png [View same] [iqdb] [saucenao] [google]

>>2303352
just lmao

how many other bizbros realise like i do that these "OMG TAXES" posts are literally being made by the US Government

they have no idea what you are doing with cryptos and all of these posts follow the EXACT same formula

>"hold on" "wait a minute" "you're telling me..."
then give a number that they have profited and how much ((($tax))) that will be, then finish it off with
>MUH ALL CAPS RAGING EXPLETIVES!

fucking niggers

>>	Anonymous Tue Jun 6 07:09:11 2017 No.2309211 >>2304499 I believe its taxed as income when you cash out not capital gains, inversely that means you cannot claim any tax deduction for capital losses

>>	Anonymous Tue Jun 6 07:10:48 2017 No.2309223 Daily reminder that you HAVE to cash out at least 30% just to afford taxes on your crypto gains.

>>	Anonymous Tue Jun 6 07:18:22 2017 No.2309296 >>2309223 nigger theres no taxes UNTIL you cash out.

>>	Anonymous Tue Jun 6 07:35:45 2017 No.2309414 >>2307996 Doesn't matter If you're a US citizen they own you.

>>	Anonymous Tue Jun 6 07:38:26 2017 No.2309435 >>2303352 >Paying tax LAMO

>>	Anonymous Tue Jun 6 07:39:28 2017 No.2309446 W-what if I'm a birtbong? Am I safe?

Anonymous Tue Jun 6 07:42:00 2017 No.2309467

>>2309296
Totally wrong, unless you're either buying only BTC/ETH directly and never exchanging, or if you're not American.

First let's pretend an easy 10% tax and ignore fees. If you buy $100 worth of BTC, wait for it to hit $200, then put that $200 entirely into DGB, and wait for it to hit $1000, then put that $1000 back into BTC and then fiat immediately, you have to...

1. Pay taxes on the $100 profit on holding BTC
2. Pay taxes on the $800 profit on holding DGB

So a total $900 capital gain, and $90 tax.

Now, in another case, let's say you buy $100 worth of BTC, wait for it to hit $200, then put that $200 entirely into DGB, and wait for it to hit $1000. Instead of cashing out completely, you hold $950 worth and put $50 back to BTC and then fiat. The exact same $900 gain remains, but now you only put $50 back in your bank account. Whoops, you're now down by $40, better hope that DGB doesn't suddenly crash!

>>	Anonymous Tue Jun 6 07:42:30 2017 No.2309472 >>2309446 Theresa May wants o ban crypto altogether So no But yeah you'll have to pay massive taxes to your queen

>>	Anonymous Tue Jun 6 07:47:12 2017 No.2309522 >>2309472 >Theresa May wants o ban crypto altogether source?

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