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/biz/ - Business & Finance

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2901860 No.2901860 [Reply] [Original]

Let's say, hypothetically, that one has acquired roughly 30k hard cash from a tipping job over the course of a few years.

What do?

>> No.2901879

>>2901860
Use it for cash purchases
Try not to purchase things that can be identified like groceries (they could calculate how many calories you need) or rent.

You pretty much gotta do what black people do. Use it for luxury items.
Computers, tvs, furniture. Probably your best bet if you are evading taxes.

Or talk to a tax lawyer about actually paying. You might lose 20-50%, but no risk.

I'd use the cash for 20% of my groceries, and my beer/weed money. Also videogames and such.

>> No.2901911

>>2901879
I want to invest it.
I could use it to buy items to flip but ideally I would use it as a pool to invest virtually.

I could just deposit it and have it reported by the bank but that poses risk since there is no paper trail for tips.

>> No.2901976

>>2901911
talk to a tax lawyer and pay your due

>> No.2902235

>>2901911
Just deposit 1k a week

>> No.2902258

>>2901911
you have two options:

Goto a pawn shop and store it in Gold or Silver

or

Buy bitcoins, or other crypto locally. However, cashing out will be a bitch, becuase you will need to find a local buyer to pay for it in cash. What if you turn that 30k into 1m? then what? that's alot of cash you will need to manage in the cryptoworld, and not have it get fucked over due to volatility.

If you don't want fuck around with all that bullshit, then unfortunately, like everyone said, you gotta pay your due. Talk to a tax lawyer.

>> No.2902281
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2902281

>>2901879
>Try not to purchase things that can be identified like groceries (they could calculate how many calories you need) or rent.
>(they could calculate how many calories you need)

wat

>> No.2902340

The amount of tax revenue the US government miss out on because if this idiotic tipping culture must be enourmous

>> No.2902359

>>2902235
too obvious. patterns stand out

>>2902258
Bitcoins or crypto currency is an option. How easy is it to cash out with bitcoin. Also, wouldn't that just put me back in the same spot? Or would you be able to convert bitcoin into usable electronic USD?

>> No.2902361

>>2902340
tipping is the most retarded thing ever.

>> No.2902474

Do NOT structure deposits.
Keep it in cash and use it for daily payments

>> No.2902595

>>2901860
$10k "Gifts" from 3 family members on your 1040

>> No.2902805

>>2901860
join the Digimarines

>> No.2902824
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2902824

>>2901879

>Try not to purchase things that can be identified like groceries (they could calculate how many calories you need)

lolwut

>> No.2902952

>>2902359
Fuck me the IRS sounds like the gestapo, ive deposited around £30k this year into my bank, despite me being unemployed for 5 years and never payed tax in my life, no questions asked.

>> No.2902965

>>2902952
Where abouts are you from?

>> No.2902966

Use the money to buy drugs and resell.
Once you hit 10 million quit and invest in gold and bitcoin.

>> No.2903082

>>2902965
UK, our equivalent is the taxman but he only pays attention if you actually pay tax lol.

>> No.2903091

>>2901860
buy eth at 150 sell at 200