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Author Topic: Taxation is Theft - Stop paying crypto taxes today!  (Read 457 times)
Lucius
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February 27, 2018, 10:56:11 AM
 #21



You say you want people to stop paying tax on cryptocurrency,but on the other side you offer your service with fee of 25% which is in most cases more than people would pay if they just cash out on their bank accounts and pay tax in their countries.

For me this makes sense only in the case that tax on cryptocurrency in user country is more then 25%.Also when you transfer fiat to Western Union or any bank account most of users will still need to explain from where is money coming since tax services follow all such activities.



You misread.

Let's say that a tax in a country is 25%, and someone wishes to liquidate $100,000.

I will do that for them. Now, let's say that after transfer fees and whatnot, they receive a total of $95,000. After tax, they should have received $75,000, but they are getting $95,000. Their tax savings are $20,000 and my fee will be $5,000. Is that enough for you to understand? I do not take 25% of the value, but 25% of the savings.

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.

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scam_detector
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February 27, 2018, 02:02:28 PM
 #22

In her other thread she has deleted my post.

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
If you want to trade with this person, you should be VERY CAREFUL!

An explanation can be found in this thread.

https://bitcointalk.org/index.php?topic=3032057.msg31186468#msg31186468


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

https://bitcointalk.org/index.php?topic=3032057.msg31186468#msg31186468

legendster
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February 27, 2018, 02:08:49 PM
 #23

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.

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?

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alia
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February 27, 2018, 03:09:31 PM
 #24

In her other thread she has deleted my post.

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
If you want to trade with this person, you should be VERY CAREFUL!

An explanation can be found in this thread.

https://bitcointalk.org/index.php?topic=3032057.msg31186468#msg31186468


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

https://bitcointalk.org/index.php?topic=3032057.msg31186468#msg31186468



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!

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
alia
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February 27, 2018, 03:10:21 PM
 #25

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.

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?

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.

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
STT
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February 27, 2018, 03:39:47 PM
Last edit: February 27, 2018, 06:24:30 PM by STT
 #26



You say you want people to stop paying tax on cryptocurrency,but on the other side you offer your service with fee of 25% which is in most cases more than people would pay if they just cash out on their bank accounts and pay tax in their countries.

For me this makes sense only in the case that tax on cryptocurrency in user country is more then 25%.Also when you transfer fiat to Western Union or any bank account most of users will still need to explain from where is money coming since tax services follow all such activities.



You misread.

Let's say that a tax in a country is 25%, and someone wishes to liquidate $100,000.

I will do that for them. Now, let's say that after transfer fees and whatnot, they receive a total of $95,000. After tax, they should have received $75,000, but they are getting $95,000. Their tax savings are $20,000 and my fee will be $5,000. Is that enough for you to understand? I do not take 25% of the value, but 25% of the savings.

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.


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 Sad   May he RIP




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endlasuresh
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February 27, 2018, 05:21:29 PM
 #27

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 US citizens - they are doomed to lose most of their profit to tax.
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?

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February 27, 2018, 05:41:20 PM
 #28

An interesting post asking for an ID using the name "Alia Armelle" not too long before this "alia_armelle" account was created (account name has recently changed to "alia"?)

screenshot of cached page: https://i.imgur.com/qa0i37u.png
https://webcache.googleusercontent.com/search?q=cache:teDI4x4GuO4J:https://www.reddit.com/r/forhire/comments/7rfy66/hiring_need_somebody_to_photoshop_an_id_for_me/
(had to use cache, original is deleted)

And the same account on reddit that asked for this ID (revcback) is apparently only 15:
https://i.imgur.com/ULvVDAp.png

And oddly enough, this same account (revcback) uses "Daily Discussion" frequently on reddit as seen here in the last posts.
"Daily Discussion" is displayed on the first tab of the screenshot provided by the "alia" account in the OP of this thread):
https://imgur.com/a/CMdja

If it were me, I'd stay far away from this account for numerous reasons.

Caution!
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February 27, 2018, 06:14:09 PM
 #29


After reading above comments it shows that how much lack of knowledge users are having as they are not able to see that OP is Charging 25% on the TAX saved and not on the whole capital gain.

I think OP is helping others to avoid tax. That it is not good as if your country is charging tax means that your trading and all transactions are legal and you are doing legal job so it is better to pay proper tax and be a good citizen of concerned country. As what TAX you are going to pay will be used to develop the country.
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.

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RHavar
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February 27, 2018, 07:13:38 PM
Merited by LoyceV (1), marlboroza (1)
 #30

This works for me because I live in a country where there is no capital gains tax.

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.

 

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February 28, 2018, 12:12:24 AM
 #31

...hopefully that's not too hard of a concept for your mind to comprehend.

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.

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alia
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February 28, 2018, 12:16:23 AM
 #32

...hopefully that's not too hard of a concept for your mind to comprehend.

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.

Well said.

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
alia
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February 28, 2018, 12:17:12 AM
 #33

This works for me because I live in a country where there is no capital gains tax.

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.

 



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.

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
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