let's say you become rich off crypto
you bought a bunch of linkies and then you're a millionaire
how would you go about withdrawing this money?
what would you do for taxes or capital gains or any of that?
would you just tell your bank you're getting a big ol' fat stack of money coming in?
what if the IRS comes after your ass cause you didn't know or follow all the right steps
how do you know what to do once you make it frens
Get an accountant to be sure if you want to pay taxes
yeah but then how much are you paying this accountant
setup a company in dubai or some shit
cash out
they usually have standard rates,
& you want a tax attorney, not accountant
Send 10 LINK to 100,000 persons
i got rich of ETH in 2017 and have exited crypto and am living off stock gains. the first thing i did was find an accountant and told him i needed help, walked me through everything, he got a nice payout, but i didn't care.
i still feel like i'm dreaming. not in a really good way either. i mostly don't know what to do with myself. it's nice having a lot of money for anything i guess.
Send it to paypal, then call the bank and an accountant?
Just pay your taxes like everyone else, unless a life on the run looking over your shoulder sounds good.
Contact a Mexican drug cartel, buy coke with link, sell link to local street gang for cash.
i don't mind paying a 30 percent tax. it was money i made sitting on my ass
700 thousand dollars is still sufficient for my lifestyle
people who are so greedy that they are not willing to pay taxes on money they made sitting on their asses are a bunch of faggots
i would understand if you were struggling and you only made like 15k then i would understand why you would not want to pay taxes, but if you made over a million dollars you should be paying taxes on that shit.
well how do you figure out which taxes you need to pay though and how do you go about paying them
everyone says get an accountant or tax attorney but this shit should just be something that's easy to figure out and do yourself
these fuckers writing all these tax codes and laws just so that they're required to be paid their jobs shouldn't even exist
are you in USA?
move to Puerto Rico for 6 months, try not to let anybody know you've got money though
You mean bought a bunch of suties and be a millionaire?
hey im interested in this. i have a passport. can i just go chill there for 6mo? where to stay?
don't they have a site that simplifies crypto taxes?
You need to buy gold and get the fuck out of the market partly at least
I would trade for BTC and keep it stashed away, and maybe try to find a buyer on the darknet or something who can wire money to an offshore account
Unironically get a job. Doesn’t have to be too demanding tho. Sounds like you Need some structure in your life bro
How much you cash out?
How does a millionaire not know about CPAs?
Get job at a place with a lot of women, some kind of office. Then user's golden era will come. Or go back to university, it works the same.
never paying any taxes you filthy kike scum.
dont like it ? you can suck me like your sister did last night
if you only made 15k you wouldn't pay taxes. capital gains tax starts around 85,000
Unironically hire a tax lawyer or someone who knows much more than you.
Hey homie, I got a couple k’s of dat chainlink. You buying?
You literally take your whatever wallet you have gains figure and give it to your tax jew; or if you do your own taxes, figure out the federal, state, and municipal cap gains rate, add them together, and then figure out if any of them can be written off by the other. Might get messy if you have to itemize tho.
Cash out, don't try to hide anything from the IRS, put money into a legit tax shelter the same year to offset taxes. Have a business (Schedule C) or rental property (Schedule E) or a farm (Schedule F). Don't try to make money off of any of them, just invest capital into them to increase their long term value. Property improvements, tractors, lots of other stuff will all undercut your taxable income. Depreciation is your friend, especially special 1 year depreciation. Talk to a lawyer and deduct those charges, too.
Talk to a tax account who would help me set up an LLC and hopefully keep from getting too screwed.
Get an accountant
Every day we have these threads, there's always people asking retarded questions to other retards or people trying to figure out how to commit tax fraud
GO AND GET SOME JEW TO DO IT FOR YOU, it will be so much easier in the long run. They're bred for this shit
remember there are plenty of poor people wagecucking but who ALSO dont know what to do with themselves (except kill)
You don't need a passport... Puerto Rico is a territory you fucking mouth breather
based tzuyu poster, but dubu is superior