This is exactly like the new stock market, which means the feds are going to come and rape your gains. You guys are raising red flags, its a public internet forum. Anyone can see whats going on. This money is going to feed back into the regular economy. What are you guys doing? This is not good. Stop.
No.
Id imagine people pay their taxes.
>tfw short term gains tax rate is the same as income tax rate
Taxation is theft
>>2295661
I don't think anyone of consequence actually comes here, or if they do, it's not to do anything
>>2295661
I'll have you know that I identify as tax-free and to say otherwise is offensive and makes you worse than Hitler. Taking my sick gainz only makes you marketophobic so stop oppressing me! Its 2017 for fucks sake!
>>2295661
>trade crypto
>file a capital gains tax form when you cash out
>pay your tax
completely legal bro.
americans get cucked tho since they have to indicate every transaction that took place.
>>2295661
>paying taxes on crypto
lel
how are the feds going to take my decentralized encrypted gains from me that are stored in a cold wallet offline?
>>2297023
so whats the easiest way to avoid them without the hassle of setting up a company outside the country? I'd imagine selling them for cash only on localbitcoin wouldnt leave a paper trail.
>>2297062
cash out through darknets maybe?
>>2296040
No we don't.
What form are we supposed to use? What's the tax code section and subsection? How would you suggest one file "every" trade? How much do you think the IRS has to pay someone to review the ledgers of daytraders?
The IRS gives 0% fucks-APR until you are being audited. It's always been that way. You declare it and they only investigate if there's a large discrepancy.
>>2297062
Just hold until btc is the mainstream money for everything.
>>2297124
Honestly if you're trading small amounts of BTC- under 10k, I wouldn't even bother with taxes
The IRS goes after the big fish
>>2296040
How many times does this have to be debunked?
>>2297672
someone debunk it for us please, im under the impression its true.