Mfw I'm a pussy and gonna pay my taxes

I'll do what I have to do to ensure my wealth stays in my hands.

>t. made $80k so far this year in crypto

You do realize only swingers pay 40% in taxes? People who hold for 1 year or greater pay around ~18% in taxes.

It's called capital gains taxes retard.

Sorry dude, but it's my right to have universal healthcare and basic income, and how else is the government going to get me those things?

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Hurr Durr IRS can't look at transaction history and see that I funneled in ETH from gaybase. Hurr Durr I'm never selling any of my crypto for USD ever, so I don't have to claim anything on my taxes.

5 years from now when you have $500k in crypto, you're not gonna realize any of that to USD? Nothing at all? Yeah right.

Never selling

I swung trade for $80k in profits.

You're never going to cash out?

Just sell it slowly then

Maybe. At least try to be smart about if you're trying to dodge taxes. Don't transfer directly from you bank account.
Make sure you understand the risk of not paying your taxes. In my country you can literally go to jail and get fined 2x+ in fines for trying to avoid taxes on large gains.

>Hurr Durr I'm never selling any of my crypto for USD ever, so I don't have to claim anything on my taxes.
>5 years from now when you have $500k in crypto, you're not gonna realize any of that to USD?

When you put it that way, fuck no.

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I'm just going to waste it all on vacations so it can't be traced

Here's the real question, does Binance provide info to the IRS if you didn't KYC?

>Think of it like going 9 mph over the speed limi
no it's more like going 5 mph over. cops will rip your asshole open for 9mph over in florida

Well enjoy being taxed 40% then.

Precisely. You can live off of bitcoin if you buy gift cards with bitcoin. I already have lived off of gift cards for an entire year.

Flee the UK.

too bad using realized gains of an asset is taxable as well
>buy $100 of btc
>btc doubles
>$100 gain
>use bitcoin to buy $10 coffee
>must withdraw another $4 of btc to pay the taxes on the $14 @ ~30%, then pay another set of taxes on the coffee itself
the moment you realize taxes really are just like they were in the middle ages, the quicker you'll start making stronger financial moves

this is the part i hate most about crypto, make $100,000
trade it for something else
send $30,000 to my account for fucking april

you're not meant to win, only corporations. the longer people are deluded into believing black white, rich poor, the longer people will continue to get fucked by Nike and Boeing

I'm gonna make a strong financial move out of the US if any of my crypto moons. Period.

you're making money out of watching the line go up and down bro
how greedy do you have to be?
pay your taxes

>it’s greedy to not feed subhuman leeches
kys nigger

hello juden

as much as it hurts it’s worth it user. you can be audited up to 7 years in the past. I’d rather just take it up the ass now than be constantly looking over my shoulder for the better part of a decade. fucking kikes

Thats your fault for living in the US

this is the right answer, but understand that even as a us citizen any earnings you make overseas are taxed as well
>make 100,000 in germany
>germany takes 40%
>usa sees you making 60,000
>taxes you at that bracket
thanks for playing the game of "The Most Powerful Country in the World"

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And go where? Everywhere else is either a shithole or also has high taxes. There’s no point to wealth if you live in a shithole because there’s nothing to spend it on

These threads are ALWAYS bullshit
Fuck this clown system why should they get one penny of my money when their ultimate goal is to rape and brainwash my children destroy my country and piss on the memory of my forefathers FUCK THEM and fuck you cucks for not resisting this utterly kiked tyrannical clown system with every fibre of your being
I’d happily pay if I knew the money was being used to create and maintain a just safe ethnically homogeneous society but it’s just nothing but faggorty trannies Jewish demoralising fucking garbage wall to wall
JUST FUCK OFF I’d rather go to jail than pay even 1% to these fucking disgusting Jews
What the fuck happened to this place you’re all a bunch of fucking queer redditors take your tax cuckoldry tie it in a bow and neck yourselves with it
Fuck you

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>becomes a millionaire
>has to live the rest of his life like a broke nigger anyway
kek have fun with that

Its called risk and unlimited money printing making it necessary. Print the tax money needed and fuck off.

it's paying for other shit too

continually working on ever more baroque ways to avoid giving your host state what it's due? I'd argue the jew is you bud

>I'm gonna make a strong financial move out of the US if any of my crypto moons
you still have to pay even if you move abroad. the only way this works is if you renounce your citizenship and never return again.

RENDER UNTO CAESAR WHAT IS CAESAR'S

Do you think I like the US? Fine, I'll pay my taxes. FUCK OFF JEW

I’ll probably renounce soon

fuck you

This is my exact thought. I made more money in the last three months than my neighbor makes in 5 years. And watching him leave at 7 AM to go wage while I neet it up at home playing vidya, masturbating and watching lines go up the least I could do is pay taxes

I feel exactly the same way but i’m also not a delusional retard that thinks he can escape the tax man. you think when you get audited they will let you off because you think taxation is unfair? nah dude you’ll be going to prison and you’ll still have to pay plus penalties and interest. that’s the way it is.

based

>paying for other shit too
yeah like the shit infrastructure, the medicare and social security i won't ever get to utilize, and the public schools that get worse and worse with every waking moment, amazing

truth

But like this guy said, be careful, and play the system for what it is. Lots of incentives and loop holes to take advantage of. DYOR.

just swing once a year then retards, stay poor everyone

*get fucked by ((them))

Make a company and write off those earnings by buying shit

I’ve already cashed out around $100,000 over the last three years and I paid a big fat goose egg in tax THATS ZERO
Send me to jail see if I give a fuck

Not a bad move but there are other ways to cash out user

this is it
personally - I've been both. did the backbreaking 12 hour days just to pay the bills and now I make money out of thin air with crypto, have time for my hobbies and gym. I am completely fine with taxes