Jump to content

Do you pay taxes on the gold you sell?


Proton

Recommended Posts

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 by superuser
  • Like 1
Link to comment
Share on other sites

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 by Rxd
Link to comment
Share on other sites

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 by Frost_Gold
Link to comment
Share on other sites

  • 2 weeks later...
  • 3 years later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...