How to avoid taxes?

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skrlte

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Hey guys, where should i keep money in order to avoid taxes? Is crypto the only way? I want to be safe that i won't lose money, want to be sure that my money is in the safe place , but at the same time don't pay taxes. Any ideas where could i keep the money?
 
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skrlte said:
Hey guys, where should i keep money in order to avoid taxes? Is crypto the only way? I want to be safe that i won't lose money, want to be sure that my money is in the safe place , but at the same time don't pay taxes. Any ideas where could i keep the money?
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Dont do Bank Transactions at all and Be Digital in the Digital Word
 
Just do what I do put the tax in other people's names such as @Willyfish £300,000 tax bill in his name best get someone to pay for you.
 
Legally? There's plenty of ways to lower the burden but there will always be some tax owed. "Grey area?" Have no name, no identity, and nomad lifestyle going country to country, have no country of origin. Illegaly? Dig a hole in your backyard :anyway:
 
Best way to avoid taxes is to take payments directly in crypto directly into a decentralized crypto wallet and if you want to avoid any crypto volatility, then keep the bulk of your crypto in a stablecoin such as USDT, DAI, etc.
 
Create an offshore bank account that accepts foreigners remotely.

But the issue is theres too much hassle.
You have to send proof of your ID and Business documents digitally + mail them the physical paperwork.
 
I guess crypto and cash. This way you're not legal, but you're also not illegal to an extent.

If you wanna go dark, create some fake identities and then create paypal etc in those fake identities where you take payments, and then find creative methods to cashout money from those accounts, either with crypto or gift cards or something or other.

I wouldn't advise you go dark, because... can you sleep at night? :)
 
Do it like most people do it. Don't earn enough to have taxable income. /s Those are the real lazy tax evaders, that are causing your taxes to be higher than needed.

On the other hand, if you earn so much that taxes are really becoming a problem and you already took care of the basic stuff like incorporating, using every write-off in existence, then the only thing left is to move to a tax friendlier country. You can try to work around this but eventually, the only legal way to really bring taxes down to a minimum is changing your tax residency.
 
oldguyjoe said:
Do it like most people do it. Don't earn enough to have taxable income. /s Those are the real lazy tax evaders, that are causing your taxes to be higher than needed.

On the other hand, if you earn so much that taxes are really becoming a problem and you already took care of the basic stuff like incorporating, using every write-off in existence, then the only thing left is to move to a tax friendlier country. You can try to work around this but eventually, the only legal way to really bring taxes down to a minimum is changing your tax residency.
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In some countries there's no untaxable income amount. You pay tax on every cent you earn, or else
 
Scorpion Ghost said:
In some countries there's no untaxable income amount. You pay tax on every cent you earn, or else
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The only taxes that are usually paid by "everyone" are sales taxes or VAT in some places. But I would argue that this is still a tax that is in reality paid by the company, even though it is "charged" to the consumer.

Most 1st world tax regimes I ever looked into have completely untaxable income up to a certain level. Could be 5k, 10k ,15k, 20k a year, depends on the country. If you know any that really starts taxing your income at first $, post those countries names, I would love to see who does this. When I say untaxable income, I am talking about personal income, all insurances excluded.
 
Don't make any money ,you don't have to pay taxes ! Desire is the root cause of suffering
 
tongat said:
Don't make any money ,you don't have to pay taxes ! Desire is the root cause of suffering
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Exactly, this really works guys. Just become a leech and you'll be able to not only avoid taxes, but become a net recipient of other peoples taxes. You'll finally get to experience how it is when government really works for you and not the other way around. Sure you won't have nice things or any kind of meaningful progression, but you can rationalize this away, get mad, join a protest or something, maybe buy a t-shirt "eat the rich", you know, the usual merch. Don't forget to pickup amazon prime for your favorite Marxist streamers, very important.
 
Take over a country and establish your Government. Otherwise buy an island and start your own banking services for yourself.
 
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