Make 7 figures on crypto

>hold for over a year
>quit job and cash out 37k per year
>ZERO% capital burger tax
This is my plan. Fuck yes assholes.

Taxation is theft
Cyrpto was designed to beat the state

What is to stop you going to another jurisdiction (country) and withdrawing whatever your tax free allowance is & return home?

When you get to your ‘holiday destination’ convert crypto to jewellery, gold coins, even cash, I am sure you can think of something. You can go back home, as long as you are below your allowance you do not have to claim. Now I would say that if you brought that much cash in and got searched it would probably be confiscated until you prove its yours (difficult) or at the very least you will get searched every time you entered again.

Melina needs $60,000 to take private jet on her monthly vacation

>doing nothing to make their money
>said user while buying and selling speculative cryptocoins
Fucking lmao

>browse Veeky Forums cryptos because i'm bored
LOL IRS GONNA RAPE YOU, BUBBA GONNA GET SECONDS, JEWS GETS SLOPPY THIRDS HEHEHEHUEHUR
>oh look, it's yet another tax thread
HELLO, I AN IRS, I SET US UP THE BOMB
>fuck you gay niggers

>What is to stop you going to another jurisdiction (country) and withdrawing whatever your tax free allowance is & return home?

Attempting to open up a bank account to withdraw money will have you extradited by the local authorities in cooperation with the IRS, and then you will be put in prison in the US.

Renouncing US citizenship only works if you've been a non-US citizen for 5 years.

>what are long term capital gains
get fucked 2017fags

>wait over a year to cash out
>btc crashes in the meantime
>still have to pay 30% in taxes

>incorporate a hedge fund before making large sums of money
>pay accountant to cook some books
>pay close to single digits in taxes

Only retards pay anywhere close to proposed tax

LTCG is nowhere near 30% retard

for poorfags it's literally 0%

Or even worse

>make 7 figures
>lose over 50% in January

"Yes goy, give us those 7 figure taxes even though you can't obviously pay that because it's worth nothing now"

You basically paid the government money for no gain, now THAT is theft.

lumpy trumpy needs your money to maintain his golf course and fuel his private jet trips back and forth from it

You'd still need to pay tax dummy.

Can I just say I am glad this issue was resolved reasonably and peacefully

wow, so blue pilled.
you are adding steps
localbitcions.com
you are allowed to bring a value back in with out declaring it

>us government
10% in state tax,

nigger the US government and the state are different entities. Even europoor know this are you some fucking Alabama mountandew hillbilly?

If you don't want to pay taxes go live in the middle of the woods you shitters
Don't want to pay taxes but use all the public services and utilities paid for by someone elses taxes

You're an idiot. You only pay capital gains taxes on investments you've already sold.

your so blue pilled

Please look up the Grace Commission. TL:DR the taxes that get collected only go to paying the interest, the INTEREST, nothing more. That is the interest only, the principal will never get paid off. So when a road gets built, your taxes are not paying for it, they just pay for interest on the loan to build the road. So stop saying you paid for the road, It is literally impossible. All ‘money’ is a promissory note, a instrument of debt. How can you pay a debt with a debt? Pro tip - You can’t.

Only a ‘person’ has to pay tax, definition of a person is a corporation, Blacks law. The entomology of person is persona meaning mask. Acts in the UK, the definitions section it sometimes says ‘a person includes a corporation’. The legal definition for ‘includes’ is ‘to exclude all others’. So if they say it ‘includes’ corporations & if they do not mention anything else its just corporations, thats it.

Taxes and utilities are completely different thing you fucking troglodyte. The state doesn't do shit to help me.

if you didnt think the government was gonna approach you then youre a dumbass

Ha ha oh wow.

The threat of punishment the state makes against anyone who would be inclined to murder you is keeping you alive, you troglodyte.

Cops have no obligation to protect me. Try again retard

They have far too much money to allow that. Your pocket change 7 figures is nothing to the 500 people that literally own America and Europe.

...

Gotta subsidize your own extinction, goy.

>Perhaps we should go to the rich people who own businesses, doing nothing
They own those businesses by doing nothing? Dumbass.

>tfw I made $60,000 in crypto in 2016
>never filed taxes
>last week I get all the money siphoned out of my bank account
>the government has a legal order to take $54,000 from me
How the fuck did they come up with $54,000?
>tfw I spent all the money and I'm broke now

Do I literally need to sue the government to make them lower the payment? I should owe any more than $10,000

what country?

USA

your getting jewed

fucking idiot why would u deserve a pass for getting lucky with internet ponzi money?

>wahh wahh I have to eat food or else I starve to death!
>the world is so unfair!

You moron, if coin goes up to 30k you at that amount to another coin, and the other coin crashes. You have to pay on supposed capital gains.

This the reason we're going to get raped. People here can't fucking think abstractly.

most ppl think its immoral not to pay. i am just pointin out the reality

Trading them for shitcoins at a gain is the same as selling dummy. If you only held BTC or ETH all year then you're good.

So where does the money come from that builds the road? Oh, I know. From my taxes.
t. worked in budget committee for a major metropolitan area

I thought Veeky Forums was all hodls.

Anyways, you get to report capital losses too, so you've at least got that going for you this year.

also doing that in 1 lump sum, you where asking for it.

Provided all your losses were in 2017, if you lost everything in the crash in January you are still subject to taxes from 2017 even if you crashed to 0. THAT'S why Decemberfags are fucked.

did you read the Grace commission?

t. you don't know how bad it really is

Sure, but you can keep declaring your losses over several years if you don't recover enough this year to be made whole.

Come late December, you're stupid if you don't convert to fiat currency at least the amount you'll need for your taxes that year.

There is a lesson to be learned with these trades. You pay your tax based on every trade. If your gross gain is $200k you pay the tax on that amount. If you have half a brain you immediately put 40% of that gain into Fiat right into one of your bank accounts.

Save yourself from the hassle and do what you wish on the other money. Pretty simple people.

Doing that for each trade is kind of pointless given that it's your net capital gains for the year that get taxed. Just do it in December before the year ends and you'd be fine.

Fees and penalties you double nigger. Oh god you're gonna get raped so fucking hard. Take this. You're going to lose everything.

>10% in state tax,
Stop living in commiefornia then.

fuck you irs posters, go suck a dick

Yeah nah get fucked cunt. If that threat were not present, people would just subscribe to private security in order to serve the same purpose more efficiently. But since they have to pay for the shit anyway lots don't bother. If I threaten to kill you unless you pay 10x on a basket of goods I buy for you, you would rightfully complain, and my rebuttal of "but I bought all this shit for you" wouldn't be any kind of rebuttal at all.

>The threat of punishment the state makes against anyone who would be inclined to murder you is keeping you alive, you troglodyte.

Lol, what a load of bullshit. If some cunt will really want you dead, no law will stop him. People who are ready ready to kill aren't deterred by 'muh rule of law' you brainlet, they don't give a shit about it.

>Don't want to pay taxes but use all the public services and utilities paid for by someone elses taxes

I already pay for utilities, tard. I also barely use any public services.
People like you would unironically defend a tax on breathing air and a tax of being alive.

niggers always have to make that dumbass constipated gorilla face

Aware me on paying taxes. I have to pay to the feds AND my state?

yessir miscbro