Mfw actually gonna pay my taxes

Only 300 people paid taxes to the IRS for crypto
300 people
out of a nation of 300 million
obviously they dont all own crypto
But the issue stands
The IRS is out of their depth and relies on you coming to them to tell them you have crypto
This is the point of crypto
To take the gun from the common mans head and redirect it to CORRUPTION

>tfw I owe 40k in taxes from my 130k
Should I just buy monero and fake my death

baited this exact reply

Me too (;

>paying for Jaleel’s child support

...

I felt this way before Coinbase and Gemini started pushing out 1099s to all their >$20k holders and reporting their users. Feels like shit but I have too much to risk having the IRS coming down on me desu.

>giving back to your country
You are an honorable man. You should be proud.

If you were using an exchange based in the US or had to identify at any point and didnt expect them to share details with tax authorities, YOU'RE A BRAINLET

so how are you planning on cashing out then bud? you think mr. taxman isn't going to ask questions when you suddenly deposit $50k into your bank account

The fuck is wrong with this whore body.

Set up a bot that withdraws 9.8k at a time to different accounts

pure crypto marketplaces exist
people have used cypto to buy and sell property, cars etc
crypto marketplaces are in their infancy but they are being developed

cashing out into a bank account = no shit you would be liable for tax

friendly reminder
only 300 US citizens paid taxes on crypto
the IRS has no means of finding out if you hold stacks unless you, being a brainlet, used an exchange based in the US/ identified to use an exchange DESPITE THE ENTIRE POINT OF CRYPTO

>mr taxman
mr taxman is a queer

its called having assets while not being a fatass
that and perhaps a little photoshop but probably not

...

>Being worse than trump

If someone theoretically came up with a wa,y to legally circumnavigate capital gains taxes on crypto, in the UK.

A )Would you legally be able to sell this method?
B) How would you market and sell this to anons?

they will fix any loopholes m8

If you use a loophole before it's fixed then you're off scott free correct?

if you retards think you can get away with dodging tax on crypto you are not even dumb, you are flat out naive to their capabilities

they tracked down the people who broke Gox, it took 4 years but they did it

at this point the majority of crypto is being tracked wallet to wallet, after a while any crypto that enters the system that wasn't tracked will automatically be assumed to be fraudulent and be seized, and its owner arrested

the only way to dodge crypto taxes is live in a country where they aren't taxed

as for me i am handing over my gemini excel sheet to my CPA and that is the end of that

If its a legit legal loophole, yes user of course

aren't we all?

t. IRS
yeah they are really going to be able to filter through hundreds of thousands of people while its all still going on and even more people are entering, decentralised exchanges are cutting into the pie, and a host of user coins are being established

the original intent of crypto was to divorce corrupt authority from your money

of course there will be a fight over it
but at the end of the day

if its mass adopted (looking that way)
and the world starts to use it without regard for respective tax and bureaucratic ideals
then tax will have to adapt
government will have to adapt
not the other way around

Good on ya, pal. I gotta get my neet bux from somewhere.

>at this point the majority of crypto is being tracked wallet to wallet, after a while any crypto that enters the system that wasn't tracked will automatically be assumed to be fraudulent and be seized, and its owner arrested

Monero, retard. Lean how to use it.

there is no statute of limitations on unpaid taxes. good luck sleeping at night.

>government will have to adapt
>not the other way around

no matter how big bitcoin's dick gets the governments of the world can still step on it

in the near future the crypto market will bifurcate into two camps, legit (registered for tax and criminal policing of fraud) and illegitimate (off the books, crime, laundering)

the legit crypto will get all the big dev money and legal protection and eventually some kind of loss insurance framework, illegitmate gets to keep their taxes but everything else gets worse - more danger of theft, more opportunity cost, more probability of crackdown, seizure

the majority of bitcoin is already registered with exchanges and their governments

t. IRS bitches
I am not even holding any crypto, makes it easy to not get emotional about it and see obvious taxman shilling for what it is.

The entire premise of crypto is to take away the third party ability to leech

of course they arent going to go down fighting
but neither is crypto
hence the DAILY development and progress towards decentralised, anonymous money

obviously you little bitches are on the side of tax agents
enjoy being a little bitch

you sound pretty emotional. might be one of those down syndrome mood swings.

>obviously you little bitches are on the side of tax agents
>enjoy being a little bitch

if bitcoin ever, you know, goes to the moon for real i want to be able to buy cool stuff with it in first world countries, you know, like houses and cars and stuff, rather than just black market drugs and guns

pay for it in btc...