No matter how bad the market is atm, just remember that in America they pay

No matter how bad the market is atm, just remember that in America they pay
>tax on every trade

- breathes in -

HAHAHAAHAHAHAHAHAHAHAAHHAHAHAHHAAHHAHAHAHHAHAHAHAHAHAAHHAH

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Bump

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Gotta pay for Jamal's new Air Jordans and Pedro's groceries somehow.

Only if you cash out

>Cashing out of crypto, ever
HAHAHAHA

coinbase is the only exchange that reports to the irs, and only when you exceed over 20k withdrawals.

It's an honor system.

Dont forget laqueesha’s nails

>amerimutt faces when they have to pay more in taxes than they have earned in crypto

>only if you cash out
WRONG

>amerimutts
whiter than current day europe desu

...

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>what is bitpay

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Mate, not to defend the americunts but have you been to London recently?

America is a third world country

this but unironically

*opens mouth*
*extends jaw*
*jaw breaks*
*open mouth a full 90 degrees*
*breath in*
*inhales 300 square feet of air per second*
*lungs explode*
*wait for it*
*exhales*
AAAAAAAAAAAAAAAAAAAAAAAHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAHHAHHAHAHAHHAHAHAHAHAHAHAH

>these are the desperate strawmen non-americans have to cook up to feel better about being non-americans
Feelsgoodman

20k in a year?

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Can't pay tax on every trade when you have nothing to trade for in the first place

>being this bootyblasted
>being this not american
Ahahahaa

youtube.com/watch?v=NlEfCUIAfc4
Yeah I'm so fucking mad that I'm not american. How can I cope?

>paying taxes
>ever
lmao just lie nigga

Land of the free

...

Are you people retarded?

Buy $1000 btc at $10k it goes to $20k cash out

Profit = $1,000 usd Total = $2,000


Buy & Sell daily btc starting with $1,000 ending with $2,000 through 50 different trades

Profit = $1,000usd. Total = $2,000

The tax rate is the same you fucking retards, it's just a pain to log every single transaction to the IRS.