Even if you make $1,000,000 profits in crypto you gotta cash out and pay $200,000 - $500...

Even if you make $1,000,000 profits in crypto you gotta cash out and pay $200,000 - $500,000 in taxes depending on where you live

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not if you don't pay them, dumbo

not in germany

not here user

>not paying
>not here

Keep telling yourselves that

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that’s fair, I mean you just gambled and got lucky, you should pay some of it back to society

Wait...you actually pay?

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>cash out
>move money to money stable assets
>take out loan on your assets to cover your taxes.
>your 1m worth of assets keep growing and you pay taxes on them

>dont cash out soon enough
>bitcoin dumps 50%
>cant afford to move anymore

kek

Correct but you have to wait 1 year after. buying or 12 years if you lent it out for yield farming or some shit. Traders still pay massive amounts of taxes.
So holding is the only thing Germans can do without getting taxraped

not in my 3rd world shithole. the boomer tax agency knows jackshit of mmo, they dont even tax google ad profit. a guy once phoned and told them to sort their shits out because he wanted to pay tax and they flat out told him to keep his money kek. it seems they already made so much from lobby and bribes they cant be assed to come up with new legal systems for some internet bullshit

good

you can't hold for a year?

But leftists like tax, retard

Lmao same. Imagine paying crypto taxes

>I mean you just gambled
No, mutt.

America is a shithole, fuck taxes bro.

I’m guessing due to the corruption you’re south of Beanersville.
Costa Rica? Ecuador? Honduras?

What country?

no goy, I am not gonna pay any taxes for the nigger parasites, you on the other hand...

You don’t have to cash out and pay taxes if you’re holding. Even if you made insane profits. You only have to pay taxes once you realize those profits and create a taxable event.
But yeah taxes suck dick. Welcome to making money. That’s why long term v short term capital gains tax is such a big deal