Proton Posted February 12, 2019 Posted February 12, 2019 I'm curious, do some of you big gold farmers pay tax on the GP you sell?
Super Posted February 12, 2019 Posted February 12, 2019 (edited) pretty sure you get taxed hard in most countries if you do. if you're paying your bills with undeclared money they normally come after you. if you're paying your bills with money you made from a taxed job and you file and pay your taxes then they won't come after you. Edited February 12, 2019 by superuser 1
Durky Posted February 12, 2019 Posted February 12, 2019 always pay the tax man, they are scary, they can take your house and all.
Rxd Posted February 12, 2019 Posted February 12, 2019 (edited) Not if right. Student route: Address: Dormitory on campus/ parents home. Income: 0 ( Work study/grant/Loans) AKA full time student. Phone plan: Under parents Insurance: Under parents till 24 Literally the cost of living: Under parents Essentially government thinks you're broke student. Or if you're super sketch get a menial job thats 20~ hours a week to be safe. File that on your W2. On the case you're making really good money and you want to make this legitimate ( Own website etc.) you fill out a w9 https://www.irs.gov/businesses/small-businesses-self-employed/forms-and-associated-taxes-for-independent-contractors Edited February 12, 2019 by Rxd
Proton Posted February 12, 2019 Author Posted February 12, 2019 (edited) Do you not have any unique ways of avoiding it? For instance keeping your sales in crypto or another currency other than your countries currency and exchanging small amounts over annually below the minimum taxable income. To my knowledge if you have money in another currency other than your countries currency, it's classed as an investment until it's exchanged to your residencies currency because only then your profit can be calculated due to exchange rates constantly changing. Maybe I'm wrong and someone can chip in... Edited February 12, 2019 by Frost_Gold
PENROSE Posted February 12, 2019 Posted February 12, 2019 do you think im going to file a tax report on money i find on the street too? fuck that i pay enough as it is...
Liesovit Posted February 20, 2023 Posted February 20, 2023 I do pay taxes on some gold I pay to allay suspicion
