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+--- Thread: Taxes (/Thread-Taxes)
RE: Taxes - laininthewired - 02-24-2021
Try not to connect your assets to yourself. Of course what you make in a regular 9-5 job has to be reported, but if you freelance try to take more cash/crypto payments. As for beating inflation, there's tons of Proof Of Stake cryptos where you can make money by just keeping your wallet open.
RE: Taxes - green314 - 02-25-2021
(02-24-2021, 09:48 PM)ballsinmyface445 Wrote: As for beating inflation, there's tons of Proof Of Stake cryptos where you can make money by just keeping your wallet open.Exactly this.
RE: Taxes - green314 - 03-05-2021
Still waiting for a proper answer.
Cryptos are surely helpful but are there any ways?
RE: Taxes - Oni - 03-05-2021
My advice would be leave it in crypto, then withdraw it from a country that won't tax you as much (or at all).
RE: Taxes - Spooky - 03-12-2021
If you are trying to avoid paying taxes from your pay stubs , good luck. Uncle sam knows better unless both sides are mutually fine without paying taxes. Most of the time not though.
RE: Taxes - mothered - 03-13-2021
(03-12-2021, 05:25 PM)demonboy Wrote: If you are trying to avoid paying taxes from your pay stubs , good luck. Uncle sam knows betterThis ^
The taxation department Is well aware of those who tax evade. I'm not suggesting It's the case with the OP, but rather stating the fact that paying tax cannot be avoided.
RE: Taxes - Oni - 03-13-2021
(03-12-2021, 05:25 PM)demonboy Wrote: If you are trying to avoid paying taxes from your pay stubs , good luck. Uncle sam knows better unless both sides are mutually fine without paying taxes. Most of the time not though.
This entirely. If you're being paid on the books, you're going to pay your tax. If you have something already in crypto, that's a different story.
RE: Taxes - d4ggm4sk - 03-13-2021
(01-11-2021, 09:40 PM)green314 Wrote: Let's assuming someone would like to hide some money from the state and possibly earn something in return while keeping them immobile, also to beat inflation. Aside from buying "safe-haven assets" like gold, the only solution I can think of is buying cryptocurrencies. Is there any method that I'm overlooking?T think there was some TV show about people investing millions into 'tax-paradises', basically placing money into a sort of black hole that only exists virtually where they don't have to pay any tax, typically in african country, but these types of things are illegal here. They made shitloads of money from it, even though its illegal.
Another thing would be if a country realised the night-watcher state, ie. a state where taxes are minuscule or non-existent. It would be either some form or anarcho-capitalist country or libertarian. But I think actually that Hong-Kong, before the chinese takeover, didnt have any taxes at all, and the country grew "over night" from being a poor shithole country into being a high-tech, rich metropolis with skyscrapers everywhere, when they implemented it.
RE: Taxes - Oni - 03-14-2021
(03-13-2021, 02:40 PM)poi$on.ivy Wrote:(01-11-2021, 09:40 PM)green314 Wrote: Let's assuming someone would like to hide some money from the state and possibly earn something in return while keeping them immobile, also to beat inflation. Aside from buying "safe-haven assets" like gold, the only solution I can think of is buying cryptocurrencies. Is there any method that I'm overlooking?T think there was some TV show about people investing millions into 'tax-paradises', basically placing money into a sort of black hole that only exists virtually where they don't have to pay any tax, typically in african country, but these types of things are illegal here. They made shitloads of money from it, even though its illegal.
Another thing would be if a country realised the night-watcher state, ie. a state where taxes are minuscule or non-existent. It would be either some form or anarcho-capitalist country or libertarian. But I think actually that Hong-Kong, before the chinese takeover, didnt have any taxes at all, and the country grew "over night" from being a poor shithole country into being a high-tech, rich metropolis with skyscrapers everywhere, when they implemented it.
Tax-havens are a thing, as you say. Several countries don't report information at all, which is why some BTC millionaires end up moving.
RE: Taxes - d4ggm4sk - 03-14-2021
(03-14-2021, 02:41 AM)Oni Wrote:Yeah, indeed. And there were huge amounts of money involved, almost enough to run a country.(03-13-2021, 02:40 PM)poi$on.ivy Wrote:(01-11-2021, 09:40 PM)green314 Wrote: Let's assuming someone would like to hide some money from the state and possibly earn something in return while keeping them immobile, also to beat inflation. Aside from buying "safe-haven assets" like gold, the only solution I can think of is buying cryptocurrencies. Is there any method that I'm overlooking?
T think there was some TV show about people investing millions into 'tax-paradises', basically placing money into a sort of black hole that only exists virtually where they don't have to pay any tax, typically in african country, but these types of things are illegal here. They made shitloads of money from it, even though its illegal.
Another thing would be if a country realised the night-watcher state, ie. a state where taxes are minuscule or non-existent. It would be either some form or anarcho-capitalist country or libertarian. But I think actually that Hong-Kong, before the chinese takeover, didnt have any taxes at all, and the country grew "over night" from being a poor shithole country into being a high-tech, rich metropolis with skyscrapers everywhere, when they implemented it.
Tax-havens are a thing, as you say. Several countries don't report information at all, which is why some BTC millionaires end up moving.