How do we evade crypto taxes biz? My country wants to take 33 to 50% of my earnings.... I worked too hard to make that shit.
I have checked a lot of debit cards from bestbitcoincard.com Even if they say "anonymous" I found none that don't ask you for ID and verification That would be a nice way to spend some gains at least
buy gold online, bring it to gold dealer, deal with 5% in fees vs. 50%
Nicholas Turner
Capital tax applies to all gains. At least here
Michael Perez
gold is a cash business brah, bring it to a pawn shop.
Evan Torres
What country are you user
Got the same feeling, it'll be between 0% and 33%
Dominic Bailey
Belgium
Nathaniel Nelson
These crypto cards still report you to your local tax authority.
Liam Collins
Same here. 33% is a ruling for a daytrader
If it's an investment you should be fine... depends on how long you had the crypto I guess.
Otherwise I'm prepared to be fucked
Jack Mitchell
1) Book a flight to Gibraltar/Isle of Man/Guernsey/Cayman Islands 2)Open a bank account there and cashout 3)????? 4) Profit
Justin Walker
You don't evade taxes, you're making money on capital gains.
>I worked to hard nigga you didn't do shit but read an ad on facebok
Jacob Roberts
You need a residence permit in order to open a bank account in those countries.
Brandon Harris
Buy things online using btc on overstock.com or purse.io (Amazon). For big ticket items like a house or car you don't really have an option other than pay taxes. Be careful of KYC exchanges. Coinbase and bittrex are definitely sharing their US customer's info with the IRS. Binance and other foreign exchanges you're probably safe for now. Safest to stick to non-KYC exchanges like etherdelta or buy a fake ID off the darknet.
Christian Thompson
Offshore bank accounts?
Daniel Watson
Gibraltar is part of the UK
Nathan Morris
Op country doesn't tax capital gains
They made a ruling about a daytrader.
>As long as the transactions are carried out as part of a normal private asset management, capital gains are exempt from tax.
The thing to know is how crypto is a normal private asset management