>Have 2M in crypto and fiat
>Purchase small business for 1 Million that makes 100K a year. 10% Capitalization rate.
>Cash out on local Bitcoins
>Inject extra cash into business every month (around 2K a month)
>End up paying around 13% corporate tax on Bitcoins because small business deductions. 24,000*0.13 = $3,120
>Sell business at the same 10% capitalization rate. 1.24Million
>Roll over the capital gains into larger business.
>Repeat
>End up deferring capital gains thanks too 1035 or CCA classes, cashing out Bitcoin at low tax rate and making million in fiat thanks to fake income.
Anyone see a flaw in this plan?
sounds like a lot of work
take a loan from SALT, dont pay it back.
simple.
>>Cash out on local Bitcoins
nah you aren't going to cash out 2M on local bitcoins without drawing attention
>Reverse tax evasion?
nigga this is just normal money laundering you didn't invent some new thing
dumbass
Making a killing off crypto is the only way ill have a shot at a girl like that. please god
For the first round you only need $200,000 (20% down on a $1,000,000 business)
Only need to withdraw $24,000 worth of BTC of over the year.
It does get harder as you go
Next round you will have $240,000 in gains plus the original $200,000 so you will be able to purchase a $2,200,000 business.
$2,200,000 business will be able to absorb $48,000 in BTC which will be a little harder to cash out.
All I do is Paxful and LocalBitcoins for a living
Pay your taxes and nobody is gonna give you shit
>make friends with local triad/mafia/Muslim brotherhood
>otc deal, launder through their services at less rate than straight paying tax
Your right
However, by flipping the business you are creating addition gains.
You also wont even end up paying the 13% corporate tax rate because you will have enough CCA allowance to depreciate your buildings.
