Are You All Paying Taxes?

Marco Diversi

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Hello,

I was wondering how you are all doing it with the taxes!

This year I have paid a huge amount of taxes, and I feel dumb having done that, I have made a lot of money too but it's not fair I had to throw away basically the money I could buy an apartment or an awesome car in Taxes.

Lots of people in affiliate marketing make companies in Cyprus or Cayman Islands or Malta but I am dumb and I haven't done that I have paid an insane amount of taxes! How to pay taxes in Cyprus? Will we have the pension when we get old even in our country then?

I feel like it was better not to declare the money but most of the companies are paying with WIRE, PayPal or Paxum so how to escape this tax trap?

thanks for your responses!
 

praetserge

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roydan

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Taxes pay for clean water, roads, education, and what not.
You are fortunate enough to be required to pay a lot of taxes. You can either consult a tax advisor to find where you can save some of it or just pay it like the rest.
 

svensbr

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Ask the companies you work with to pay with crypto.
 

AlexanderTheGreat

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Ask the companies you work with to pay with crypto.
After you still need to convert volatile crypto to fiat and banks / institutions etc. will know about your money and you'll have to pay tax.
Same with virtual crypto cards - more companies are asking now for tax numbers.
 

Marco Diversi

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Ask the companies you work with to pay with crypto.
I don't wanna get paid with crypto, I am making too much cash lately and I want real cash, also if you withdraw a lot of money in your bank from a crypto wallet is even worse since they don't see where the money comes from, and you will need to pay taxes then still. Using a crypto card is not possible and also I am trying to retire one day that's the main reason I pay taxes but I would like to pay less and be smarter about it, a Cyprus company sounds cheaper and also I am lazy to give all my expenses to my accountant that can be deducted from the taxes MEOW!
 

GenesisOne

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If you are paying a large amount of taxes it means you are doing great sales.
Better look forward to having to pay even more taxes.
 

leechesBleechin

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Research your local tax code and find all the fun little loopholes. You have to pay taxes (legally speaking), but it doesn't mean you can't cut them down by a lot.
 

speedy5044

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Always depends on the receiver , tons of ways to cash out
Debit cards / merchant ... but if eventually they will look into the receiver name i would say PAY you taxes if they worth it ,
if not just google and find some heaven!!
 

Conjecting

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Kind of not an option here in the states lol. Plus, Paypal keeps tabs on everything and will send you tax forms if you make over a certain amount.

It really does suck, but if you're making good money, it's best to just bite the bullet and pay Uncle Sam. Hire a CPA to find the loopholes for you.
 

KeenCreator

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You can obviously save more by finding such loopholes or meeting a tax advisor.
Research your local tax code and find all the fun little loopholes.
However, you'll be paying the taxes for a good cause. I see it feels bad to pay taxes with your earned money but no one can really run from it I say.
This year I have paid a huge amount of taxes, and I feel dumb having done that, I have made a lot of money too but it's not fair I had to throw away basically the money I could buy an apartment or an awesome car in Taxes.
 

hideath

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I don't and probably will never do,
the equation is pretty simple tho, you should pay taxes to receive an X amount of services in return,
pretty much as everyone paying a company to do a service for each one of them,
but where do I live only a small number of these people will get these service and even more,
while most of the others will actually get far from the bare minimum when it comes to everything,
so yeah, paying a government that's willing to scam you will make you nothing more than an idiot ;)
 

M0n3y.

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Hello,

I was wondering how you are all doing it with the taxes!

This year I have paid a huge amount of taxes, and I feel dumb having done that, I have made a lot of money too but it's not fair I had to throw away basically the money I could buy an apartment or an awesome car in Taxes.

Lots of people in affiliate marketing make companies in Cyprus or Cayman Islands or Malta but I am dumb and I haven't done that I have paid an insane amount of taxes! How to pay taxes in Cyprus? Will we have the pension when we get old even in our country then?

I feel like it was better not to declare the money but most of the companies are paying with WIRE, PayPal or Paxum so how to escape this tax trap?

thanks for your responses!
Most of the companies won't do business with cayman islands/cyprus/seychelles companies. Even banks won't do transactions with them. If you do online business and from US - look into puerto rico. It has 4% tax rate if i remember correctly and then get an attorney to setup the companies. AFAIK no one would bat an eye transacting with an US company.
 
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