How the fuck is a Capital Gains Tax even fucking legal? Why do people just take it in the ass from the government like this? How do you properly get around a CGT or at least minimize it.
>Oh you made some money? I'll have some of that. Don't like it? Go to jail.
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Because people are content to let the state rape them
>get taxed for making a good trade
>spend money on property/vehicle
>get sales tax'd, property tax'd, stamp dutied
the government is a mafia
Either that or jail time. Be happy, I'm paying 42% taxes.
If you're doing under $5000.. you don't need to report it. Also if you do smaller withdraws it won't trigger a bank assessment.
How easy is it to become a tax resident in a country that has no capital gains tax, like Singapore?
Alternativly, how long until I don't have to cash out my crypto and just use it to purchase everything? Can I plane plane tickets and go on holidays with just Crypto? If I go overseas to Thailand for example can I convert my crypto to Thai Baht without getting taxed from home for that?
What are they gonna do
Come get me? Mother fucker I built a big ass fence and high level security system with what I saved from not handing it over
You cunts gonna go waco over some spare change? Fuck you pigs I have mines planted around my place.
Come try steal my shit and get blown up
ARK is working on that.
If this for burgers only or for everyone? I am Aussie and we get assraped in tax because we are basically a socialist welfare state.
So you are saying if I always only buy $4999 worth of any coin and then sell before buying more I can legally not declare?
I was thinking of the same thing for thailand myself. Just living their cheaply for a while. Its easy to open a Thai bank account with bangkok bank then their coins.something exchange sounds like that can do direct deposits to Thai account even if American. I've lived in Thailand about 6 months total and currently pretty close going back and doing just that