Can you cuck the IRS simply AVOIDING to cash out?

What if I NEVER cash out and actually USE crypto to buy stuff? Would I cuck the tax jew?

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Soon enough when shitskins keep multiplying and demanding gibs they'll impose a hodling tax

as a burger, every crypto transaction is a taxable event. so technically, if you buy something with crypto, you are trading that crypto for the fiat value of whatever you bought.
now, do with that info as you will, but i'd say less than half of the autists here will even pay attention to taxes on their crypto.
personally, i will pay mine for peace of mind.

you have to pay tax for purchases made with crypto. They've covered all the bases.

as someone who recently got hit with a $60k bill for not filing in 2014, I will too

How did they know?

was it about crypto?

his bank told on him, i think they're required to.

would you have paid less if you paid when you had to? how much?

It wasn't crypto. Just didn't file the income I received through paypal. Didn't know they had sent the shit to IRS. I think it was the first year they started doing it.

what's his name?

that's why we need shit like particl.

Yeah the bulk of it was interest, in addition to the non-filing fee and whatever else.
I'm not sure how much it would have been but nowhere near that figure.

she's honestly like a mythical creature in the world of thots

damn

If your gains are so small that it won't hit their radar, sure! But if you start buying fancy shit, and suddenly stop using your salary, accumilating a lot more savings than makes sense, it may gain their attention and they'll knock on your door to ask questions.

If u have a poorfolio, anything under 10k they wont bother. Anything over I would go see an accountant. Particular one who somewhat understands crypto because many shy away from it.

Brian Delphine

I cash out like $200 a month or so, they won't go auditing me right? I use Coinbase so I know the Jews are watching.

how many link to sodomize him?

fugg I have like 30+ grand, but I'm just letting it sit and bake

>If u have a poorfolio, anything under 10k they wont bother.
I'm talking about ~10 millions

>If your gains are so small that it won't hit their radar, sure! But if you start buying fancy shit, and suddenly stop using your salary, accumilating a lot more savings than makes sense, it may gain their attention and they'll knock on your door to ask questions.
I just want to stop wagecucking, I won't spend more than what I do now

how much did you collectively transfer from paypal to your bank? Thanks btw

Why are u even asking us?? Go see a fuckin accountant. U have enough to pay top dollar for one baka

then pay taxes cause you're rich anyways

Here's my play. I wouldn't mind going to jail.
They didn't create any crypto infrastructure, why should they get the money that I made from a combination of luck and smarts.
I looked it up and in 3 years the CRA only fined 60 or so people for tax evasion, and it was for multi million dollars of tax evasion.
In 10 years that numbers goes up to 200.
Even for a population of around 34M that's nothing.

good thing I've invested through my IRA

I don't remember but that's not what did it. That year Paypal started issuing 1099-K forms for anyone with over $20k received in a year, or with more than 200 incoming transactions or something like that.

lol OK fucking Nerd, enjoy wageslaving until you can cash out tax free, assuming you used a Roth, right user?

If you have real "fuck you" "made it" money, then you're probably just going to purchase a citizenship in a tax free nation and/or set up a shell corporation to route your funds through. If you're playing with small change then just pay the taxes, you don't have the resources to avoid it and it's not worth the trouble

yes just hold long enough and use btc to buy things

>boomer stocks
wow your investment rises with inflation so you'll have exactly the same amount when you cash out in 50 years

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there's no tax on drugs

it's better than having less