Simple, Full-Proof Method for Calculating Taxes Owed on Cryptocurrency

in #bitcoin7 years ago (edited)



I'm sure most of you will have learned of the new tax laws relating to cryptocurrency. With every single trade now considered a taxable event, calculating how much you owe for each one in your national currency will prove a very difficult for task, especially for day traders.

I have taken the liberty of drawing up a quick formula that you can make use of to determine how much tax you owe to your government. This method will work regardless of how often you trade, or how much crypto you own.

The Method



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I am not telling you not to pay tax, that is on you. All I am saying is that paying tax of your own volition is akin to paying for your rapist's penis-enlargement surgery. Let's stop making it easier for them to fuck us, eh?

I feel I should say that, you might go to jail if you don't pay tax. I am prepared for that, and have been for a long time. I hope anyone who may be inclined to make use of this formula is too.







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Those procedures often don't go well

I honestly can not imagine why anyone would pay tax for gambling before they even know i they won a little or lost everything

That's actually an excellent way to put it.

I have not paid tax for years, fuck the lot of them, they had enough out of me, they get not a penny more, have a great weekend.

Hi There! You have just been upvoted by @justinadams Witness. You will always recieve a free upvote on every post you make on steemit as long as you keep your witness vote. Thanks For Your Support.

Lol. This my feelings too. Especially given what's going on in the world stage right now. I won't be giving these fuckers no money that I don't have.

Also- what's with the overtly honest bribery message under this one?

I gave him a witness vote for a few weeks, then proxied mine to abh12345, then out of the blue today I get this message following me, so I am spending the night writing to every mo-fo on steemit lol.

Hi There! You have just been upvoted by @justinadams Witness. You will always recieve a free upvote on every post you make on steemit as long as you keep your witness vote. Thanks For Your Support.

Just sounds like open-bribery, even if the vote is below a cent. And now that I see they messaged again, it is bribery and spam. If you like this person, I would suggest to you that you suggest to them that they stop this shit. I see that they're trying to get their name out by doing this; but it's still spam.

Even worse than that. All of the money you send is thrown into a furnace.

The Infernal Revolting Sewer is not an american entity. It is a corporation under the city of london. It is a terrorist organization. It has never proven that we have to pay taxes or that we have to file a tax form. Never.

Go read Larken Rose's book upon them suing him. Of course he lost, but they never proved anything. In the end it came down to, We say you owe us, pay up.

The govern-cement does not run on our tax dollars. It gets all the money it wants from the FED (at our expense).

The FED prints money out of thin air. And all the money that returns is converted into thin air. Such is with the money you send.

haha this is hilarious. I like the formula!

I actually don't mind paying taxes if they are used for the public good. (i.e. road maintenance, emergency services, health care, education etc. I do have a problem with corruption and abuse though, which seems to be rampant in governments.

Keep this up, Followed you for more :)

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