>find out about crypto a few months ago
>made huge gains from minimal trading
>think of crypto like the best thing ever
>barely find out about taxes and the irs being young and dumb
>literally everything ruined
what's the point anymore i don't think it's worth the troubled when you risk getting fucked in the ass by the irs
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Whats a irs you stupid burger?
Pay your taxes, or just don't purchase/cash out from accounts under your name
american tax collecting agency. Its a total shitshow. they discriminate against people.
if i dont have a job and live with my mom will they still make me do a tax return thing? cause i havent been keeping track of shit
me neither i also live with my parents but i have a minimum wage kek job /: >
>just don't purchase/cash out from accounts under your name
how do u do this??
the tax man
I just send my mom Bitcoin and she cashes out lel.
wut
>Make your mom pay taxes or let her get the heat for tax evasion
Nice, I almost wish I was that much of a piece of shit
put everything into 1 coin for until you get a discount on capital gains tax.
Cash it out on localbitcoin for cash, and don't pay taxes you fucking idiot
>mfw slav
>mfw zero taxes on cryptos
Life could be worse.
...
There is zero taxes? Explain
You would still have to submit info about your trades to irs manually then.
Or you can just...not? Be smart about it. If you declare all your income when you don't have to you're a moron, unless there is a financial advantage to doing so
>If you declare all your income when you don't have to
But you do have to. It's illegal to not declare your incomes in most countries
Zero income tax of cryptos.
I fucking asked the taxman
Fucking Germany god damnit. I need to wait 1 year not to pay taxes.
Nah you better don't.
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> The investigation in Belgium was started after the DA concluded that the online website 'localbitcoins' was offering to exchange bitcoins for cash and vice versa.
The taxman got it's eye on localbitcoins and KNOWS!..ye fucking idiot
Come to the middle east there is no such thing as taxes
The price you pay for living in a first-world nation. Europoors wouldn't understand.
Everyone who starts making a little money has this same realization. Then they start voting Republican. It's a rite of passage into adulthood.
What about when you cash out with your gains?
>paying taxes
What are you, a fucking socialist?
Don't cash out, spend your BTC whenever you can.
Buy Amazon gift cards.
They exist in that gray area where they aren't recognized as anything, I have no idea how it's supposed to work.
But on the safe side, just buy things with them instead of cashing out.
I made about 93K USD after investing about 6.5k into ETH. How much will I owe in taxes here in Florida? I'm assuming about 18 grand or so.
Read a goddamn investment textbook.
There's a difference between book gains and realized gains.
Tl;dr: do you even trade
It's illegal to do a lot of things in many countries. You only face the consequences if you are caught. If you trade for cash with the trusted people nothing is going on the books or is traceable to you. If you get caught doing it this way, it's probably your fault for drawing attention to yourself.
Then pay the taxes you fucking retard
Would you pass off a job offer of 200k a year because you have to pay more taxes than your 20k a year mcjob?
Stay poor forever op
>"LAND OF THE FREE"
HAHAHAHAHAHAHAHAHAHHAHAHAHAHAH
Eat shit you fucking fat burger mutant
Ok. Final question, which country?
Croatia, probably lots of other slav countries too.
>fucking fat
thats hate speech
police are on the way to arrest you! Quick paint your skin and claim you're not a native yurocuck so the laws dont apply!
pay your taxes you cheap nigger
>guy answering in my place
>turns out he's from Croatia too
>becoming a criminal to save a couple thousand dollars
no thanks. i prefer to sleep calmly at nights
>enjoy prosperity, safety, global dominance, etc thanks to a well funded local and federal government
>start earning meaningful income
>rage over having to support the nation that gave you the opportunities that allowed you to be successful
why
>taxed insane
>schools are still astronomically expensive despite this
>health insurance is impossible to get or pay for unless you work for a big company, destroying incentive to be self employed/start a business
>m..m..muh free market
>government still cries broke on all levels
>police turning more and more into military level
at this point explain what the difference between this shit is and just moving to a country that has open corruption but wont tax the shit out of me
>cant even smoke in public
>rushed along everywhere
>land of the free
I'm going to cash out and retire in Nagorno Karabakh Republic
only way to evade tax is i think is you pay out from oversea country into your paypal (if IRS doesnt check paypals in america). fbi and cia wont get any shit from countries like russia or china. countries like australia, japan and shit are dogs to the kike invested U SA, so dont trust them
>blah blah blah paypal blah blah blah
don't listen to anyone on here that involves paypal in any of their brilliant schemes
This is extremely true.
What is the point of having your money in Paypal?
If there is no legit way to convert in cash I would rather have em in BTC-Wallet than Paypal
all your money
all belong to paypay
does the grocery store on the corner accept bitcoins?
I do this through my wife's overseas bank account and we just get the cash mailed to us. It's that fucking easy.
>couple thousand
kek
No. But they don't accept paypal either
if you really need to sell, go sell in a country where they wont transmit info to irs. China? idk, do you research
Move to a country with a negligible tax rate and cash out your bitcoin there
cash out in rolex watches from overstock.com
or gold bars from that other place
sell for fiat or hold
>Is capable of making huge gains
>Isn't capable of evading taxes
Shit, man
Long term capital gains tax is 0% if you earn under 37k. Just don't cash out for at least a year and you're golden.
>Pays taxes.
>Doesn't get jack shit in return.
Brainlet American.
> be me, yuro poor
> yuro get 10% facing burger coin
> business cashes in a lot more
> no irs shit
MAGA top fucking kek