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Forum » Cryptocurrency and taxes... what the actual fuk?
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Thread: Cryptocurrency and taxes... what the actual fuk?

post 1649543553 10-24-2021, 02:00 PM
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Cryptocurrency and taxes... what the actual fuk?

So the IRS sees crypto as property and not a currency. Does no one see how insanely fukked up that is? That means the us gov is terrified of crypto. Congress people, banks, even that guy who made Citadel hedge fund. That means they are holding onto the us dollar desperately. They need complete control and surveillance of your money. Centralized currency is tyranny, no?

How can you treat crypto as property like a stock? That means they will use violence to go after crypto people for not paying taxes. And by taxes I mean capital gains taxes, one of the most back breaking taxes out there. Its not enough they tax your income, they double dip when you use your already taxed income to evade inflation by buying crypto. Even just exchanging one coin for another IS A FUKKING TAXABLE EVENT WHAT THE FUK
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post 1649543643 10-24-2021, 02:02 PM
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****ing way she goes
post 1649543713 10-24-2021, 02:03 PM
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post 1649543753 10-24-2021, 02:03 PM
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Everyone bitches when "billionaires" don't pay taxes because its in stock not income now when everyone makes money off cypto no one wants to pay their fair share of taxes? Shameless.

Never sell and you wont pay tax
post 1649543833 10-24-2021, 02:05 PM
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You just think you can make gains for free lol?

The govt always gets their share, and they got some making up to do.
post 1649543893 10-24-2021, 02:06 PM
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Welcome. You must be new here.
post 1649544063 10-24-2021, 02:09 PM
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uncle sam just wants his piece of the action.

it's just a little tax to allow you to play the game.

comprende?
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srs
post 1649544903 10-24-2021, 02:23 PM
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spend 183 days in puerto rico one year when you sell and you pay no tax

this only applies if you have real gains to worry about, not some $10k tax**** bill

im still a decade from selling if ever, so i don’t worry about it too much.
Posts are for fun, not to be taken seriously or as truth.

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post 1649545063 10-24-2021, 02:26 PM
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Same thing with buying/selling gold, silver, or foreign currency. Luckily it's taxed at the capital gains rate, which is lower than your regular rate. Also, if you hold for over a year, depending on your tax bracket, you could get away with zero tax or only paying 15%.
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post 1649545213 10-24-2021, 02:31 PM
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LOL @ thinking the government was going to let you undermine their entire inflation racket by cutting them out of the currency exchange process.

It's called punitive taxation brah.
post 1649545333 10-24-2021, 02:33 PM
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Did u know Singapore has no capital gains tax?

Not really a mystery why their per capita GDP is 5x higher than neighboring nations.

Motivate your citizens to invest, and you will see economic boom.

Tax consumption if u need infrastructure revenue.
post 1649545363 10-24-2021, 02:34 PM
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Lol if you thought they were going to allow the worlds reserve currency to be uprooted by bitcorn.
Live & Direct from rural Iowa- GBR
post 1649545373 10-24-2021, 02:34 PM
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If you're not hodling until the dollar hyperinflates and crypto is the only usable medium then you shouldn't be touching it.

There is no reason to buy dollars with your bitcoin right now.
post 1649545393 10-24-2021, 02:34 PM
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"The way to destroy a country is to destroy is currency" Lenin
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1649545803 10-24-2021, 02:42 PM
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Originally Posted By MisterDiapers⏩
Everyone bitches when "billionaires" don't pay taxes because its in stock not income now when everyone makes money off cypto no one wants to pay their fair share of taxes? Shameless.

Never sell and you wont pay tax
excuse me? fair share? what planet are you from? How is this anything but theft?
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post 1649545893 10-24-2021, 02:44 PM
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Originally Posted By MisterDiapers⏩
Everyone bitches when "billionaires" don't pay taxes because its in stock not income now when everyone makes money off cypto no one wants to pay their fair share of taxes? Shameless.

Never sell and you wont pay tax
My fair share of my money is 100% of my money.

JFL this ain't a charity ****gotcapital gains taxes is strong-armed robbery and anyone who advocates for it reveals immediately that they are a massive cuck.
post 1649545923 10-24-2021, 02:45 PM
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Free ride over for coincels

Lmao
post 1649545953 10-24-2021, 02:46 PM
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Originally Posted By RobotDeathSquad⏩
excuse me? fair share? what planet are you from? How is this anything but theft?
you could like, move to another country if you dont like the tax system bruh

I think sales tax is theft, i already paid tax on the money im spending, but nothing you can do about it, its the way she goes
post 1649546033 10-24-2021, 02:48 PM
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Originally Posted By yewotm8⏩
If you're not hodling until the dollar hyperinflates and crypto is the only usable medium then you shouldn't be touching it.

There is no reason to buy dollars with your bitcoin right now.
This makes sense, but that means people and the crypto industry has to become huge and take over the dollar as tender. That means theres a point where the guys at the top are going to violently try to stop that from happening, no?
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post 1649546093 10-24-2021, 02:49 PM
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Originally Posted By wasp9166⏩
Free ride over for coincels

Lmao
I was loling hard when coincels were hailing Trump for appointing Brian Brooks as COO of the Office of the Comptroller of the Currency as if he was going somehow come in the government and pave the way for the coincel revolution and all he did was immediately write the legislation that OP is being phucked in the azz by right now as if that outcome was obviously predictable when they appointed a coincel legal expert to run the how the government relates to currency affairs.
post 1649546173 10-24-2021, 02:50 PM
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Yeah, you’ve got to pay to play. I know people that took out personal loans and put it all on Etherium. With interest + taxes, it damn well better go up, or you dun goofed hard.
post 1649546523 10-24-2021, 03:00 PM
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Originally Posted By eatmycrackers⏩
spend 183 days in puerto rico one year when you sell and you pay no tax

this only applies if you have real gains to worry about, not some $10k tax**** bill

im still a decade from selling if ever, so i don’t worry about it too much.
Tell me more? Are you saying people will buy coin then if they have enough, they MOVE to PR and stay there then cash out? Thats insane and you could lose all your gains if the coin goes down no?
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