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File: 390 KB, 1600x1600, tax-1[1].jpg [View same] [iqdb] [saucenao] [google]
5212673 No.5212673 [Reply] [Original]

PAY YOUR TAXES AMERIMUTTS

https://news.bitcoin.com/trading-bitcoin-for-an-altcoin-wont-shield-you-from-the-irs-anymore/

>> No.5213724

i'll pay when I cash out. a 75% crash has happened in the past and if that happened I'd be paying more taxes than my net worth.
i'm unemployed so i wouldn't be able to deduct that from my income.

No, i'm not jealous of your shithole country, your income taxes are 20% higher than mine to start off with.

>> No.5213783

>>5213724
you're an idiot

You only pay taxes on the gainz. Unless you're saying you've already spent it, in which case, that was your mistake for not setting aside money for taxes.

Have fun going to jail for tax evasion

>> No.5213806
File: 182 KB, 1080x1080, 1513404838999.jpg [View same] [iqdb] [saucenao] [google]
5213806

>>5212673
do euro cucks need to pay tax?

tfw. asian and enjoy 100% gains.

>> No.5213858

>>5213783
i have gains, in imaginary shitcoins. what if they pull a confido on me? then I paid basically my USD net worth in taxes for no reason.
The IRS is not going to give a fuck until I start buying real world shit. I haven't cashed a single cent into USD or bartered for valuable goods.

>> No.5213904

>>5213806
whats the story behind this pic?

>> No.5213978
File: 7 KB, 184x184, stinkylinky.jpg [View same] [iqdb] [saucenao] [google]
5213978

God this is going to be so confusing to report when the time comes... 8+ different exchanges, constant trading of altcoins....

>> No.5214044
File: 117 KB, 500x566, call-the-cops-i-dont-give-a-fuck-😂😂😂-skatermemes-9876598.png [View same] [iqdb] [saucenao] [google]
5214044

Nope ;p

>> No.5214054

>>5213858
gains = you cash out and realize actual fiat income

>> No.5214089

>>5212673
Everyone should realize they are trying to pass a bill, meaning you don't pay taxes on altcoin trades yet. So keep trading my friends.

>> No.5214119

>>5213858
and by my last post what I mean is if you get "confidoed", that's a loss, not gains. you're only paying taxes on if you made gains selling the crypto to fiat. so hypothetically if you have something like confido, if you're still holding it you have a loss anyway, but if you sold it for fiat, doesn't matter to you if it crashes now. so you'll never run it into a problem like you think.

>> No.5214235

>>5214119
no the problem is taxes are paid yearly, and I can't pay taxes in shitcoins, they only accept USD, which I don't have.

I have X "gains" in trading shitcoins. If I pay 25% gains on my shitcoins through Dec 31, that's all of my USD. If on Jan 1, my shitcoin gets confido'd.... well I'm fucked. That's all my money and I'm broke, no income to even deduct that from.

If I was allowed to pay taxes in shitcoins, this wouldn't be a problem.

>> No.5214291

>>5213806
Singapore?