So I was lucky enough to mine a good amount of bitcoin years ago, I am finally going to be withdrawing around half of my holdings. With this I'll be able to live a comfy modest life for around 10 years (no lambos sry). However the cucknadian government wants me to label my ridiculous gains as capital gains which I will be taxed at 50% meaning I'll only be able to live modestly for five years until I have to withdraw the other half.
How the fuck do I avoid giving the retards at the CRA half of my gains? PayPal? The exchanges will obviously trigger alarms, what do?
move somewhere that doesnt give 11 million to a random terrorist
Ryder Barnes
Nope, it's 50%. If it was reasonable I wouldn't be asking how to avoid this shit.
Ryan Hall
In Canada only 50% of your gains are taxed. Tax rate depends on short term or long term gains tax, idiot.
Owen Cox
>Only 50% >ONLY
David Young
try localbitcoins, or mass buy shit with bitcoin online and sell that for fiat directly
Carson Wright
You don't understand, 50% of your gains are taxed as income. So if you're paying 40% income tax, you pay 40% on that 50% and so overall pay 20%.
Lucas Roberts
for example, you could buy a couple lambos and resell them, since lambo takes btc.
Brody Smith
But would that not be taxed? Plus if I suddenly own an asset like a Lambo it'll probably ring some alarms, no?
Ethan Watson
move to a non cuck country
Asher Turner
you are dumb m8 don't even know shit about how taxes work. just pay the ~20% tax.
Carson Price
/thread
Christian Powell
I mean if you wanted, you could launder to amazon and put an item up for like 9999999 or some retard shit and buy it like that
I see that shit all the time on amazon, its clearly for money laundering
Cameron Thompson
We're Still talking hundreds of thousands of cuck bucks here.
I'm not to keen on paying for Mohamed's hospital visits.
Josiah Martinez
I've been planning for this situation for a while since i'm also a leaf. Wait until TenX (or something like it) gets more traction and then just use that credit/debit card to directly buy assets like real estate. Tax evasion at its finest and completely legal.
If you can't wait, Open a US bank account and transfer into fiat there.
Alexander Gomez
20% doesn't seem worth the hassle of moving country, since that's really the only option unless you want to just risk it.
Camden Perez
Whats the matter with paying taxes? Mohammed isnt going to aford that luxury appartment himself
Liam Russell
talk to a lawyer that specializes in offshore tax havens. The the 2000 to 5000 you'll spend on such a service will be worth it
James Collins
the jihad won't pay itself you know.
Carson Wood
Someone has to pay for all the muslims and immigrants
Daniel Reed
Muslim here, Tredua (or however you spell the name of this cuck) can fuck off. Also (((Al-Bagdadi))) can fuck off as well. They should leave my religion these fucking cucks. REEEEEEEEEEEEEEEEEEEEEEEEEEE
Charles Wright
Just move to some country that doesn't even know what bitcoin is
Colton Green
Hello. I am a 29-year-old man living in Japan.
I have lost everything. I have a debt of 7 million yen (70 thousand dollars). I am usually encouraged to work as a businessman every day. One day, I lent my friend a lot of money, but it never came back. Because I can not contact with my friends. Bad things continue,and I was suffered from heavy disease.
I am desperate and burned and started investing, but I can not do it with such a heart. I have lost all the money. The money to pay the electricity bill is about to go away. I sincerely regret that what I had done burning investment was truly absurd. However, I am originally infirm and I need to go to the hospital on a regular basis. However, there is no money to go to the hospital, utility expenses are about to bottom out.
I am living with fright from debt everyday but I want to do a normal life as well. Every day, I want to be smiling. Please. Is there anyone who supports money? Even a small amount of money is very happy. Below is the address of the bit coin I was using when I was trading. 3PjjDLN1TGP5Vfhga7bLnMDioknxhH9DgM Those who have an account of bitcoin are glad if you can donate to the above address. Who can donate even if you do not have a bit coin address, can you get a mail at the next address? [email protected] Finally. Thank you very much for reading my long sentences.
Alexander Harris
Why don't you just withdraw monthly? In 5 years you think that BTC will be below 3000? Good luck with fiat
Lincoln Hughes
Do you have the institution of personal bankruptcy in Japan. Maybe that would be the way out and start anew. Good luck!
Aiden Young
If not larping, move to Singapore. Renounce old citizenship.
Elijah Roberts
Move to a cheaper country where capital gainzz tax is 10-15%
Ryan Reyes
Alternatively, sell them off for cash on Localbitcoins
Jaxson Jackson
How about you send me money or anyone, how can you just ask for money, does it feel natural? bitcoin me for luck and ritchs
19bYM27rZwXWoHqnsBgA1keHeNMVTE4Qoa
Jason Garcia
Can you get taxed for using btc conversion "credit" card like Monaco?
Noah Lee
a few thousand satoshis, please Im such a failure 16Kh7JGiCkuGfyWo5xQW9ikjteGCgJkXoK
Lincoln Bailey
incorporate and get a jew lawyer and accountant
Robert Howard
Sup Kaiji, here's your 10,000 Perica.
Justin Williams
> What follows below is the only correct, universally applicable plan for wealth management.
> If you do not live in the third world, the truth of the foregoing is not a matter open to debate as far as you're concernedi, nor in any sense dubious or in any manner doubtful. It is entirely complete and absolutely accurate. It is also obligatory, as there's no alternative either present or contemplated.
> If you live in what was the First World back before your grandfather let your stupid mother ruin it -- this is what you must do.
> Step 1. Take all the credit you can. Max out all your existing credit cards, and sign up for any new ones from anywhere. Take a third, fourth, fifth mortgage on any real estate you might own. Sell any chattels (cars, wife, children, everything -- EVERYTHING).
> Step 2. Turn all those proceeds into Bitcoin.
>Step 3. Leave for a place outside of the fiat reich
You know this as fact? How would that kind of thing work?
Hudson Howard
>Do not accept Doge, Ethereum or whatever other USG-sponsored scamcoin-of-the-season in lieu of legitimate Bitcoin.
Bentley Morgan
Surely the government will catch on?
Easton Jackson
Canadian here. Look, 20% tax rate on capital gains ain't the end of the world. IT WILL BE 20%. The United States actually has higher capital gains if you have realized these gains in less than a year or your income is in excess of the top tax bracket. It's really not worth uprooting your life.
That said, if you wanna live your anarchist clusterfuck dream, you have a few options.
If you are near Montreal, they have the bitcoin embassy there. You can literally walk in, sell your coins, and get cash. They do with large amounts, but the spread on this is huge. You'd shave some percent over paying taxes, but for the peace of mind, may be worth just paying them instead of worrying CRA will take your assets.
If you are patient, and it seems like you are if you've been holding for so long, just sell on localbitcoins. Small amounts, whenever you get interest from people. If you are in or near Toronto, Vancouver, or any of them there oil boom towns, they'll be enough interest.
Be gradual, don't try to sell 50% of your coins in one go unless you are convinced we are about to crash. Even so, worth it to just convert to fiat or USDT, and buy bitcoin as needed to sell on localbitcoins.
