25 Comments

  1. This tax system is archaic, intrusive and error prone. Abolish income tax and use micro tax instead where all electronic payments/wire transfers get taxed at a small percentage. There you go, no file reporting. Problem solved and everyone is happy.

  2. Trading with an expert in the field is the best, have been making a huge returns from my investment since I met Greg Buch one of the best in crypto currency investment.

  3. First find out WHO is liable for federal income tax. Are YOU that foreign entity REQUIRED to pay FEDERAL INCOME TAX? Are you a foreigner who used a middleman to gain USA income???? If not, you owe nothing. Read Dave Champions book SHATTERING THE MYTH. This is ridiculous. You think you owe on your number 1 protected RIGHT???? YOUR LABOR!!!!!!???????? FYI. RIGHTS CANNOT BE TAXED.

  4. Just do something that will earn you money while you sleep, no matter how little. A pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay home. Well I never felt it because I invested in a trading company Mrs. Claire Jordan where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.

  5. So let’s break this down, if we made a gain from selling a crypto, and it was then converted to USD that was then immediately rolled into a Roth as a lump sum you could then pull out the principal money you put in whenever tax free?? Interest accrued from the Roth however would not be tax/penalty free for early withdrawal? Yes or no???

  6. If I sell cryptocurrency for the same price or even below the price I bought (no profit), do I pay tax as if I had gotten profit?

    Also, if the average of all my tradings is below 0 (no profit) do I pay taxes?

  7. One thing that I haven't seen anybody explaining is that… does the tax I have to pay on the trades I made, affect the IRS tax my wife and I already pay every year like doubling it? Like, I made 1000 only on crypto currency, but the IRS tax I'll pay on that, I'll also have to pay again on my regular income regardless of the tax I already pay regularly on it every year.

  8. If I invested 1000, and made 1000 more (making it 2000), and decide to transfer everything to another cryptocurrency or even cash out my money, do I pay taxes only on my gains (1000) or I pay taxes on everything (2000)?

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