Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31399. (Read 26609062 times)
December 04, 2013, 04:29:04 PM
Death and Taxes...
December 04, 2013, 04:28:15 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
Long term capital gains. Keep your bitcoins for a year, and they qualify. Rates are far better than regular income tax, and are based on your tax bracket. If you manage to keep your regular income low enough, there is even a 0% rate. Most likely you will be paying 15%, unless you do quite well with your regular income . . .
also, if you don't have income or any other money coming in, you won't be taxed (after it turns long-term.. as in 1 year) on up to $35k if you're single, and $70k if you're married. i posted a link for this under the legal subforum.
December 04, 2013, 04:17:38 PM
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
The constitutional republic known as the United States of America folded up in 1913. There is no binding social contract with the corporate state set up at that time.
I'll write you a letter from federal prison and let you know how that worked out for me.
I don't think there is much we can do here in the US. If you don't want to bring attention to yourself, bring it in small transactions(less than $10,000) and spread them out over a long period of time.
Legal note: This of course is not recommended unless you pay the taxes.
December 04, 2013, 04:15:08 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
Long term capital gains. Keep your bitcoins for a year, and they qualify. Rates are far better than regular income tax, and are based on your tax bracket. If you manage to keep your regular income low enough, there is even a 0% rate. Most likely you will be paying 15%, unless you do quite well with your regular income . . .
December 04, 2013, 04:10:18 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
this is what hes talking about.
not sure how to apply this to bitcoin.
https://repsourcepublic.manulife.com/wps/wcm/connect/954ef280433c1d79b02df6319e0f5575/ins_tepg_capitalgainex.pdf?MOD=AJPERES&CACHEID=954ef280433c1d79b02df6319e0f5575
Sorry...this is so off topic...
You own an investment, you bought it for X, sold it for 100X, you incurred an amount of capital gains and can claim part of your lifetime capital gains exemption.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns248-260/254/menu-eng.html
That's cool. No such thing in the USA eh?
December 04, 2013, 04:06:03 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
this is what hes talking about.
not sure how to apply this to bitcoin.
https://repsourcepublic.manulife.com/wps/wcm/connect/954ef280433c1d79b02df6319e0f5575/ins_tepg_capitalgainex.pdf?MOD=AJPERES&CACHEID=954ef280433c1d79b02df6319e0f5575
Sorry...this is so off topic...
You own an investment, you bought it for X, sold it for 100X, you incurred an amount of capital gains and can claim part of your lifetime capital gains exemption.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns248-260/254/menu-eng.html
December 04, 2013, 04:03:55 PM
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
There's a great one. KEEP YOUR BTCs!
December 04, 2013, 04:03:10 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
this is what hes talking about.
not sure how to apply this to bitcoin.
https://repsourcepublic.manulife.com/wps/wcm/connect/954ef280433c1d79b02df6319e0f5575/ins_tepg_capitalgainex.pdf?MOD=AJPERES&CACHEID=954ef280433c1d79b02df6319e0f5575
December 04, 2013, 04:02:20 PM
December 04, 2013, 04:01:11 PM
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
The constitutional republic known as the United States of America folded up in 1913. There is no binding social contract with the corporate state set up at that time.
I'll write you a letter from federal prison and let you know how that worked out for me.
December 04, 2013, 03:56:54 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
In germany there is no capital gains tax when you held your coins longer than a year.
i'm considering to offer a service for bitcoiners who might want to move to germany for a while...
edit: send pm
December 04, 2013, 03:55:21 PM
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
The constitutional republic known as the United States of America folded up in 1913. There is no binding social contract with the corporate state set up at that time.
December 04, 2013, 03:53:11 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
If anyone wants to throw out a good tax strategy for an American, I'm all ears. I'm dreading having to pay on my BTC profits.
December 04, 2013, 03:50:10 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.
December 04, 2013, 03:49:50 PM
Does anybody have the link for that website were you can graphically see the coins being sold to each country?
fiat leak.. here you go..
http://fiatleak.com/
December 04, 2013, 03:49:22 PM
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
Damn, every country has it better than Norway, here we even have to pay 25% sales tax for our bitcoins, and then 28% capital gains with no personal exemption, and then a 1.1% yearly wealth tax. And we are mandated by law to feel thankful for the pittance we get to keep. December 04, 2013, 03:48:15 PM
Does anybody have the link for that website were you can graphically see the coins being sold to each country?
www.fiatleak.com
December 04, 2013, 03:47:44 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
i do not understand
are you saying i wont have to pay capital gains somehow?
i'm looking at these guidelines
December 04, 2013, 03:46:05 PM
Capital Gains.
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
god damn it, i should of never sold anything
i need to learn how to hide my Capital Gains, should i dump it in BTC?
Dude, we have a $750k capital gains personal exemption here in Canada....use it.
December 04, 2013, 03:45:34 PM
ATH is just sitting there, minding its own business, when suddely …
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