Fuck these greedy kikes

You didn't work for chopping those logs down, anyone could have done that. Modelling pcb boards for that printer worth half a million dollars? anyone could have done that.

fuck off bootlicker.

>implying the stress and knowledge required to make actual gains isn't "work" to some degree
fuck off faggot

>stress and knowledge

Kek what the hell? This market is basically pulling large wads of cash out of your ass if you're playing with a big enough stack.

OP here, I have a job and I already pay around 25% of my income to the state for that.

This user is correct. Why don't you guys want to pay your taxes? We need to feed shaniqua's 17 kids so they can grow up big and strong it's for the good of the nation

Only when you cash out

I agree with paying taxes but they didnt earn them either. It should be as easy to file as possible if they truely expect that big of a cut

So much this. Last night made my insides rot

No it's not. People have to lose for you to make money retard. Just because a lot of coins are going up doesn't mean all of them are.

kek

This is the worst part.

>Paying one time for court and lawyer payments >never having to pay income tax again you're clearly a retard

>Can I donate some of my earnings to charity or something?
forbes.com/sites/laurashin/2017/12/19/bitcoin-and-taxes-if-not-hodling-consider-donating/#53e4fa58341e

It is pretty easy to file. Crypto as taxed the same way as stocks.

>land of the free

You're an idiot. Pay tax on what you convert to fiat + a fair percentage in good faith. In a few years you'll be hit with a low level audit and that's when you send in your housekeeping and pay whatever else they want. No frozen assets, no prison, not even a hiccup in your day.
My god you fucking normans don't understand how Uncle Sam works.

That sounds like a great way to get my assets seized and thrown in prison.

>loses case because your own kike lawyer supports irs
Oh darn, its not like the movies at all

What I don't understand is how they want to tax any time you change one coin into another either via trading or something like Shapeshift. Any time you do an exchange you're paying fees either to the exchange or Shapeshift, on top of the network fees. None of these events ever result in profit being made, not until the asset is held and appreciates in value.

Thats good to know, the tax fudding a few weeks ago had me questioning if any of this day trading is even worth it

The reason they changed like-kind exceptions was so that crypto would get taxed every year. Before you could hold and trade while increasing your net worth and they never saw a goddamned penny until you cashed out.

Now you have to take money out of crypto to pay the taxes on your gains. So they get 30% of all crypto gains. Greedy fucking kikes.

Literally this

the IRS is getting buttfucked by the new tax code if you think they're going to lose their shit over your tiny NEET earnings you're a retard

just report your fiat gains and pay capital gains tax like a good citizen

t b h i don't think most people here would mind even 50% taxation, if said taxes didn't go to tyrone, juan, muhammad, boomers who already have $500k houses they bought for $20k, millionnaire and billionaire kikes who work even less, and so on
taxation funds people more than things at this point, and more importantly it funds the wrong people

> Daddy I'm upset with how the real worllddd workrsss makekekekeke it stopppppp!!!!!

>oh you made a little money working full time? Yeah you have to pay anywhere between 20-45% of your income, every week, or we’ll garnish your wages if you try and circumvent it.
You’re one step closer to realizing taxation is theft.

People freak out over coin to coin taxing but you can import the .CSV files the exchanges give you to automate in a site like CoinTracking.info

I feel like most people are FUDing because they're retarded children who don't know anything about investing.

People keep saying this but nothing has changed. Liked kind exchanges haven't been valid for crypto ever and they clarified that back in 2014 that digital currency trading was a taxable event. The latest just provides additional guidance and reiterates specifically that it is not like kind.

Having said that, fuck the police I'm not reporting my cost basis crypto for crypto trades. There are like thousands that I've made. If they want to subpoena bittrex then I'll worry about it.

This. How do faggots not know about taxes?

Hodl for a year and you can pay the reduced capital gain tax. You can also take losses tax loss harvesting.

Income taxes dont pay for infrastructue and education. Sales taxes and property taxes do that. State and federal income taxes pay for shaneequahs on the dole and salaries of bureaucrats.

I'm not holding for a year because I'm pretty sure switching coins every few months will net me more than enough to compensate for an extra 10% in taxes

This PnD group is growing so fast, it's unreal...

discord dot gg/6ddqFHd

>MOMMY MOMMY I HAVE TO PAY TAXES AAAAAAAAA

This. The stress these last years has been 100x that of any fucking wagecuck job excluding maybe brain surgeon and airline pilot.

No it is not. Easy come easy go. If you want to also retain the gains you need to have a strategy all the time. Not to mention tax planning, price alarms going off at night, can't take vacations or go anywhere without your computer for a long time. 24/7 market. There is no "taking an off day".
In short, fuck you and your taxes. The income has already been taxed once, no reason to be taxed again unless the government put up some serious crypto infrastructure to really help the industry

>fighting the IRS in court
>draining tens of thousands of dollars in the process
>still end up being found guilty
>have to pay what i originally owed anyway
>plus interest
Ha- yeah user let me do that

I plan on moving to a tax haven as soon as I make a million.

! million isn't shit.

Much rather feed her kids than get passed around by her 17 baby daddys for 15 years.

jesus fucking christ americans are so dumb

whats the point of reporting all your trades though?

If they take 30% of every trade it's the same as just taking 30% off the final sum

Portugal, iIle of man, Belize, Switzerland. WIth you too friendino. Not until3 mil though

It's so if they ask where you got all the money from you have proof that it was just from trading magic internet beans and not sex trafficking or pushing drugs or something.

I think you underestimate the viciousness of the IRS when it comes to taxes.

>mfw comfy shithole with barely any taxes for crypto

Only 800 people paid crypto taxes in 2015. I'm sure the IRS will be happy if people just start giving them their 20-33% after cash out.

This is how republicans are born. You realize your tired of paying for niggers and spics with your money. Become Republican, help fight for the 10% flat tax. Tell libs to earn their own fucking money.

make a "charity", funnel money to said "charity" and use it for yourself

Portugal and Switzerland are not tax havens...

No, actually you cant get into debt with this form of taxation of every single transaction.

Example:
Buy 1 BTC for $1000 USD.

Sell 1 BTC for 2 LTC make $1000 profit. Tax it.

LTC goes down, exchange it back to 0.5 BTC. No Tax on this.

Now BTC goes way up and exchange it again for 3 LTC. Tax it.

LTC goes down. Cash it out for $500.

Now you have less cash than you started with + you also have pay taxes! It even possible that the taxes will be more than $500 you are left with.

This is not a joke. It really works like this, even with stocks.

Ever hear of a VPN proxy?

No it doesnt moron because you can write off losses. You lose $500. You don't get taxed on $500. You get a small break on the loss of $500.

If you buy coexistcoin you can write it all off.
Registered US Charity. You also get to keep the Coexistcoin which could go up in value.

coexistcoin.org/donate.html

Rofl, the internet meme at its best. You also don't need a driver's license because you're traveling, not driving, right? Utterly idiotic

but user taxation with representation is theft
and we're way past the point of actual representation

(((they))) would rather you live in Section 8 housing and eat from food stamps.

The IRS is not "satisfied." The IRS is about enforcing the law and catching you slipping. They are extremely rigid in their rules. Sorry, man. But the IRS is a crooked organization specifically designed to fuck you. They do not meet you half way. They want all or you in jail.

Yeah fuck paying for roads, art exhibits, clean air and water, public transportation, and food. We all should just close inside our houses and watch anime and jerk off!

Most of the taxes allocated for those things are eaten up in bureaucracy anyway.

If the money was only spent on this the taxes would be way lower.
>art exhibits
yeah fuck spending my money on that bullshit

>it's true after all
Why did Americans on this board mock me for saying the US isn't the tax haven they make it out to be?

your grandparents explicitly fought for being slaves. It's the choice your nation made. Now live with it you fucking burger mongrels.

The US is a tax haven, but only for non-Americans

You only go to prison if you're purposefully trying to evade taxes. Nice FUD.

Too bad you're LARPing and have never done this.

Spotted the fascist retards.

You're two steps from realizing that we don't need anarchy to realize or reverse that

cash out under $600 a day and no taxes ever need to be paid

kinda shit if you need $100k or a huge sum right away but if youre living cheap and hodling just take it slow

>paying taxes

Like buying air. All tax is fool's tax.

why does $600 a day allow you to not pay taxes?

>see what happens when they realize they can't find it

You get disappeared into a federal holding facility, where you await trial for a manufactured crime for 10 years?

All tax is fool's tax.

Q-12: Is a payment made using virtual currency subject to information reporting?
A-12: A payment made using virtual currency is subject to information reporting to the
same extent as any other payment made in property. For example, a person who in the
course of a trade or business makes a payment of fixed and determinable income using
virtual currency with a value of $600 or more to a U.S. non-exempt recipient in a taxable
year is required to report the payment to the IRS and to the payee. Examples of
payments of fixed and determinable income include rent, salaries, wages, premiums,
annuities, and compensation.

Q-13: Is a person who in the course of a trade or business makes a payment
using virtual currency worth $600 or more to an independent contractor for
performing services required to file an information return with the IRS?
A-13: Generally, a person who in the course of a trade or business makes a payment
of $600 or more in a taxable year to an independent contractor for the performance of
services is required to report that payment to the IRS and to the payee on Form 1099-
MISC, Miscellaneous Income. Payments of virtual currency required to be reported on
Form 1099-MISC should be reported using the fair market value of the virtual currency
in U.S. dollars as of the date of payment. The payment recipient may have income
even if the recipient does not receive a Form 1099-MISC. See the Instructions to Form
1099-MISC and the General Instructions for Certain Information Returns for more
information. For payments to non-U.S. persons, see Publication 515, Withholding of
Tax on Nonresident Aliens and Foreign Entities.

straight from the irs guidelines

You wanted republicans, you got republicans.

>advocating for smaller government
>fascist
???

I haven't payed taxes for 27 years, I'm not about to start now. No larp.

I’d rather pay tax to the (((government))) than waste time and money in a court room

>he doesnt use gook exchanges

>cash out after Jan 1st 2018
>Don't pay taxes until tax season 2019
>Different tax rules from 2017
> Make more gains in 2018 in index funds or other investments to cover taxes.
> Beat the IRS system

Even then you rarely go to jail, I know a guy who worked under the table for years and never paid his taxes. Eventually it caught up to him and he is getting buttfucked in penalties but he's not going to prison for it.