Topic: Taxation is Theft - Stop paying crypto taxes today! (Read 591 times)

Welp. That changes things. Looks like this whole thread is illegal! I'm shutting down operations with current clients and am locking this thread, thanks RHavar.

Well said.

Watch it kid! My mind can comprehend things that yours hasn't even begun to fathom. If you want to trade on this forum you better play docile and be open towards criticism, else it wouldn't be too long before you step on the foot of a wrong person.

Just because a noob comes online and claims that they can provide thousands of dollars in savings while exchanging millions, then there will be questions and eyebrows raised. People would want to avoid losing money, yes, but they'd also avoid trusting someone who can't be trusted.

Lastly, get off your high horse, you give a rat's ass about taxation, all you want to do is make money.

Just so you know, this doesn't really make a difference. Let's say I sent my bitcoin to someone who lived in a country with capital gains tax, and they sold them -- they wouldn't need to pay capital gains tax either, because they haven't made any capital gains.

So really, the service you are offering is pretty generic money laundering (you obfuscate the source of someones money, so they can get away without paying tax). Which I won't judge on it's ethics, but you should be aware it puts both you and your customers at massive risk (with penalties that frequently involve prison).

But besides, I also think this is a pretty foolish way to do tax evasion. Let's say I have a small amount of capital gains tax I want to brazenly avoid paying, I think it'd be a lot better to just find someone on localbitcoin and do an OTC trade. If the tax office ever found out and believed you didn't do it intentionally, you would probably just have to pay back taxes and penalties. But if someone used a service that is marketed explicitly for tax-evasion, then ... ouch.

And for larger amounts of money, it would be crazy to take all that risk to just avoid tax. If it's pure capital gains you're talking about, seems like it would be pretty straight forward and legal to just relocate to a country without such tax.

 

You are right most people here do believe the overall percentage deduction on its capital gain which is not. It is only on the TAX saved portion but yet even though this service isnt really convincing at all.I would rather pay up and willing to give tax since as a citizen its our responsibility to these matters and i wont really risk money and making transactions into another anonymous guy in the net. Risk of being scammed will be there.Instead you saved up you might end up on regretting.

Caution!

Tax should be paid by anyone in the whole world, but exempting is not allowed. Although these ICO's really verify KYC's and do they have a real life in world?

Unfortunately you are right, its not a good idea to try avoid this when we live in a time of terrorist funding and so on.   Carefull who you associate with.   Taxes should not be this oppressive but thats a case for democracy to counter.  When we live with governments in so much debt there is unlikely to be any other outcome but endless taxation through every route they can possibly get away with burdening their populations with.

Only one hundred years ago the USA did not have taxes but they required them to pay for World War 1 and the aftermath of that and its never gone away since.   US Federal reserve was set up in 1913 for similar reasons to place money in the control of a central body rather purely distributed by people and private companies.    This money printing going on is a form of taxation, its similar but not as extreme as demostrated by the Bitconnect format where value eventually collapses.

This form of inflation tax can be avoided and its why crypto makes sense to utilise as much as possible.  But the overt taxes be careful, in theory you can avoid but parts of government consider it treason to do so.   Consider the case of Irwin Schiff who testified before the senate in the 1970's about the gold standard before dying in recent years handcuffed chained to a bed going blind suffering from cancer, his crime was to dispute the idea of taxation on a federal level and they him treated worse then many murderers for it   May he RIP




Written in prison

Incentives.

If it is cheaper to do it through me, people will do it. Using a safe escrow. If it is cheaper to do it elsewhere, people will do it elsewhere. Hopefully that's not too hard of a concept for your mind to comprehend.

Sup, mdayonliner. Unfortunately I can't protect people from viewing your stupidity on this thread - so come one, come all, take a look at how this kid makes a fool of himself in public!

But why trust you?
Why pay you?
Why not invest in tax saving schemes instead? With trustworthy parties?
What skills do you bring? other putting on a decent camshow?

You're asking for a lot of fees, something that can be done far cheaper, legally irrespective of the country one lives in. But I repeat, WHY TRUST YOU? Because Theymos verified that you have mammary glands on reddit?

In her other thread she has deleted my post.



If you want to trade with this person, you should be VERY CAREFUL!
An explanation can be found in this thread.

https://bitcointalksearch.org/topic/m.31186468

Yes,I did not read correctly what you wrote,it is enough for me to understand.

Problem for you is how you will determine what is capital gain of your users and how much tax he/she should pay to get your 25%.Also as I say there is big problem when you convert BTC to fiat and send by any way to someone.It is very easy for authorities to track such transactions.

I live in EU and every transaction I made incoming / outgoing is visible to my tax office.So your service is not for USA citizens,but also it will not work for most of European countries.

Anyway every service has potential customers,I do not condemn anyone in advance and everyone is free to use his money as he wants.

The $60,000 you speak of can be wired over via Western Union, Moneygram, Skrill, PayPal, cash, so on and so forth, and can also be claimed as a gift or income (if at all reported on a tax sheet). If you do not intend to use this service, please stay away. It is up to the customer to know the laws of their country, and they should only use this service if it is not illegal in their jurisdiction.

how could you say it's not tax evasion? can you name a country that doesn't impose tax on "realized" capital gains
if there is country that say this isn't illegal, that country probably doesn't tax its citizen hence this service won't be needed

if "someone wishes to liquidate $100,000" he doesn't have to pay tax on that but only on its capital gains
if he invested $40,000 on BTC and sold it for $100,000 later, it's only taxable on the $60,000
and if that person uses your service for saving tax on the taxable $60,000
he still has to explain where that ~$60k (minus fee etc) comes from
and eventually he will get audited and deemed as tax evader or negligent and must pay tax + fine

One girl and a handful of people looking to save on crypto gains will not bring down the government. And, this is only for people where doing so is LEGAL and thus nobody is getting into trouble for/from this.

Why as a citizen of the country you would not like your country to develop and with this types of tax evasion if it happens and if everyone  started  to do like this then how will government get revenue and the development happens in the country ?

And if you are caught you end up with a lot of trouble as well .

This is not for US citizens - they are doomed to lose most of their profit to tax.

Those in the US would be best advised to go with a professional, but obviously not until money has been lost or made as a result of converting to USD.

This is not for tax evasion. If using this service is illegal in your country, then do not use it. It is only for citizens of countries that allow this.

And for those of you posting scam warnings, shut the fuck up, go find an escrow, and then let's deal.