how do you plan to extract when the time comes?
post good tips and plans for cashing out

Extract? Fuck off esl.

>>60664779 (OP)
Already did at 100k, I'm enjoying life (not like a n---r or a b**Mer spending my cash In vain shit)

>>60664779 (OP)
I'm going to pay my taxes because I'm not a retard

>>60664781
im obviously french, sôrē

>>60664783
And there goes all your gains. Thanks for playing.

We just check jim cramer. He hasn't done anything so we know everything is not manipulated.

>>60664782
>>60664830
im not asking when we sell, im asking how we avoid gman, in legal or minecraft ways of course

>>60664779 (OP)
I will NEVER CASH OUT!

>>60664851
? Just send your crypto to an exchange, convert to your local currency and then wire the funds to your bank

It's not hard man

>>60664854
lol nm
nu-biz is too retarded to understand what im saying
i'll get ideas from chatgpt

I'm a leaf and I plan to hold off on selling until January if I can, so that way I can quit my job and reduce my tax burden by ~60k

For example, if I have 1m of capital gains in December, and 108k income, I'd pay a total of 353k taxes.
If I wait until January and have 0 income, 1m of capital gains I'd only owe 292k taxes.

Alternatively, it could also be worth selling 500k in December and 500k in January as well though.
500k capital gains in December with 10k income, I'd pay 175k taxes.
Plus 500k capital gains in January with 0 income. I'd pay 113k taxes.
Totaling 288k taxes.

Anyway I cut it, it doesn't seem to make sense to work the same year I cash out since it would put me at the peak tax rate, busting my ass off 40hrs/week to "make" 108k over the year since I'd only get to keep 45% of it. Stupid retarded tax system.

>>60664915
>Stupid retarded tax system
this is what im trying to avoid, good post in general though, food for though

>>60665192
Yeah the only other way I know of to reduce tax burden once you already have crypto with high paper gains is to either
sell them slowly over the years, which is high risk with how volatile this shit is.
Or get a loan on the crypto to defer the tax over years (lower gains keeps you in a lower tax bracket), but then you'd owe retarded amounts of interest and are still at risk of price drops.

It's too late for me to to do this, but if you have barely any gains, then ideally you would have originally bought crypto ETFs in retirement or tax advantaged accounts so all the gains would be all tax free, or became a non-resident and lived in a country with low/no tax on crypto as it went up.

>>60665192
Wowzers you mean you have all these profits on a fully visible, permanent, clear chain? With no anonymity at all?

I guess there's nothing to do but pay the tax man.

>>60665214
>ideally you would have originally bought crypto ETFs in retirement or tax advantaged accounts so all the gains would be all tax free
dude i trade shitcoins and hold XRP and LINK you think this is something im doing?

I already quit working about a month ago. I have $90k cash and $250k in stocks that I’ll burn through first before ever touching my crypto. Hopefully my $1.3 million in crypto grows massively over the next 5-30 years while I sell off little by little for living expenses. And I have a little over $500k in retirement accounts that should appreciate a lot by the time I turn 60. I’m 36 now.

I pay the 10% of profits the country I’m a tax resident of asks for, it really isn’t much.

>>60665294
well it's like 30%-50% here on top of property tax, sales tax, provincial tax, and carbon tax

>>60665327
Then move

>>60664803
>paying your taxes means you lose all your gains
retard. paying your taxes means you benefit and your country benefits by building roads and hospitals.

>>60665388
where is cheap with no brown people?

>>60665403
I personally live in Romania, which is fun to live in and capital gains tax is 10%. Another European option If you’ve held your assets for more than one year then Portugal might be an option if they still have that golden visa thing. UAE is also a good option, they just flat out have 0 tax on crypto and most other forms of capital gains. Personally you couldn’t pay me to move to SEA so I don’t know the options there. I’m not the most knowledgeable person on this topic since my home country is still reasonable with taxes.

>>60665402
>building roads and hospitals.
>not weapons and funds to rebuild israel
Mhm, I don't know

>>60664779 (OP)
You mean redeem dirty paki

ITT: Diversity hire glowie OP starts strong >>60664781
then recorrects his language best suited to this far right extremist internet forum upon asking his totally non glowie question of how do "we" avoid taxes. Then gets upset when no one takes the bait and blames nu-biz. With glowing syntax.

>>60665548
No evidence exists that the US has ever sent any money to Israel, and even if it did, it is the least we can do to repay Israel for what they have done for us.

>>60665585
It's either this or he's an actual fr*nch, neither deserves any serious response anyway

>>60665600
le kek
i asked a dealer for marijuana once and they blocked me

>>60665585
do you think if you tell me im going to trace you ip through my CIA database and then forward the info to the IRS to open an investigation? Do I sound smart enough to glow? Either way chatgpt helped me write my "mr robot fanfic" avoiding taxes chapter.

>>60664779 (OP)
I plan to blast a portion into monero and buy giftcards and mats. Its popping up alot of sites that accept monero for actual non-stolen goods. Atleast that will be taxfree. Also ive already started a company which im gonna transfer my gains to, so i can time withdrawals together with huge «company» expenses to get writeoffs, and pay no tax there either

>>60664779 (OP)
You can convert to stables tax free in France, so I'll just do that and buy bitcoin in 2026-2027.

>>60665597
What exactly has israel done for you, besides bribe your politicians?