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  #11  
Old 04-29-2021, 01:00 PM
Trexller Trexller is offline
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drugs and unemployment
  #12  
Old 04-29-2021, 01:04 PM
Disease Disease is offline
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Originally Posted by RecondoJoe [You must be logged in to view images. Log in or Register.]
Sober and I just learned yesterday that I count as being self employed because my earnings from minings is so high :*( this whole time I thought I just had to pay capital gains tax on my crypto if/when I sold it in the future, but I found out that I actually have to pay income tax on each payout I get because I'm averaging over $800 a week :*(.

Apparently the magic number is $33.44 a day if you want to avoid paying income tax. I'm like 3x that :*(
Us Binance(not usa) and vpn. Get a cashapp card, deposit money and convert to btc. Transfer btc to binance account. Trade, transfer back to btc and back to your cashapp.
  #13  
Old 04-29-2021, 01:15 PM
Ratchet51 Ratchet51 is offline
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drugs and unemployment
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  #14  
Old 04-29-2021, 01:32 PM
Pulgasari Pulgasari is offline
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Originally Posted by Disease [You must be logged in to view images. Log in or Register.]
Us Binance(not usa) and vpn. Get a cashapp card, deposit money and convert to btc. Transfer btc to binance account. Trade, transfer back to btc and back to your cashapp.
Thank you for the money laundering instructions.
  #15  
Old 04-29-2021, 01:44 PM
RecondoJoe RecondoJoe is offline
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Originally Posted by Disease [You must be logged in to view images. Log in or Register.]
Us Binance(not usa) and vpn. Get a cashapp card, deposit money and convert to btc. Transfer btc to binance account. Trade, transfer back to btc and back to your cashapp.
Not sure I follow... ?
  #16  
Old 04-29-2021, 01:48 PM
RecondoJoe RecondoJoe is offline
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Originally Posted by Pulgasari [You must be logged in to view images. Log in or Register.]
Thank you for the money laundering instructions.
Having to pay income tax on mining is fucking stupid, let's keep it real. Imagine if day traders paid income tax on every single trade they did, only to turn around and pay capital gains tax as well. You're paying tax twice, on top of what I consider to be already a tight margin... by the time you buy a GPU, and pay for electricity, it's to break even..

once the IRS gets involved, it essentially becomes impossible for the small guy to mine and make money, while not impacting the big wigs at all who have established businesses and avoid paying taxes through loopholes and tax deductions that normal guys like me arent even eligible for
  #17  
Old 04-29-2021, 01:51 PM
Snortles Chortles Snortles Chortles is offline
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drugs and unemployment
  #18  
Old 04-29-2021, 02:00 PM
Trexller Trexller is offline
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drugs and unemployment
  #19  
Old 04-29-2021, 02:19 PM
UrkTheSlayer UrkTheSlayer is offline
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  #20  
Old 04-29-2021, 02:29 PM
RecondoJoe RecondoJoe is offline
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pharmaceuticals and non prosperity
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