Topic: Tax-free passive income scheme: how risky? (Read 67 times)
The only tax free income I’m aware of is certain Municipal Bonds. I don’t think any crypto tax evasion is “legal” and regardless of how smart you think the scheme is, the more you move crypto around the more eyes you’ll be inviting into your finances. It’s just not worth the risk. If you want tax free income just invest in legal tax free investments. A Roth IRA is also a good option if you have a long investment time frame (and are American).
I ran across this blog post:
https://write.as/johndough/tax-free-passive-income-using-defi
It sounds like it might work as a safe (as in "probably will not be thrown in jail") way of getting some tax-free investment income. But it is pretty complicated (us dollars to DAI to Tornado.cash, then back to cash out). Is there a simpler or less risky way, preferably just using Bitcoin?
https://write.as/johndough/tax-free-passive-income-using-defi
It sounds like it might work as a safe (as in "probably will not be thrown in jail") way of getting some tax-free investment income. But it is pretty complicated (us dollars to DAI to Tornado.cash, then back to cash out). Is there a simpler or less risky way, preferably just using Bitcoin?
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