Once you become a millionaire with crypto, How do you cash out or spend it with out the government asking questions? Wondering how to get around capital gains tax, etc. What countries would be the best for cashing out large sums into FIAT?
Once you become a millionaire with crypto, How do you cash out or spend it with out the government asking questions...
Christian Thomas
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Jack Morales
Keep it for over a year
Pay long term capital gains tax
Report it exactly as it happened
Long term capital gains = lower tax, legal, and avoid prison
Jordan Myers
Why not just report it accurately, trading crypto isn't illegal.
Tax Invasion is though. If that's what you're asking about then ask about it.
Carson Cox
>muh tax invasion
James Lewis
This.
Better the government takes it's 15% cut of skin while you continue to make money, rather than risk getting thrown in prison and losing all past and potential future gains.
Colton Thompson
Why not move to a country with low income tax laws, start an ecommerce site accepting btc and other major cryptos and slowly buy you're own merch to get clean low tax $$$ into your accounts?
Andrew Clark
>Wondering how to get around capital gains tax
oh you did.
Some anons buy amazon gift cards to buy general living expenses. basically covers food/gas for life.
Benjamin Howard
go work in amsterdam 6 months
cash out
congratz you made it
Jace Kelly
>Year 2025
>Pay for everything with my Monero Black card
>No fiat ever again.
Luke Torres
These retards who think they are super clever for evading tax.
>try to apply for a bank loan
>"sorry sir, it says here your taxable income is $10k per annum, unfortunately we cannot extend you and credit."