1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Tax..

Discussion in 'BlackHat Lounge' started by SocialFire, Jan 26, 2014.

Thread Status:
Not open for further replies.
  1. SocialFire

    SocialFire Regular Member

    Joined:
    Jun 12, 2012
    Messages:
    296
    Likes Received:
    41
    Occupation:
    Student
    Location:
    United Kingdom
    Home Page:
    Does anyone here pay tax?
     
  2. Bruut

    Bruut Regular Member

    Joined:
    Aug 9, 2012
    Messages:
    227
    Likes Received:
    149
    Yep, bend your knees and pay "your" taxes or get thrown in jail and raped by big **** guys.
     
  3. SocialFire

    SocialFire Regular Member

    Joined:
    Jun 12, 2012
    Messages:
    296
    Likes Received:
    41
    Occupation:
    Student
    Location:
    United Kingdom
    Home Page:
    i dont even know how i would set it up haha, im 16..
     
  4. tahworld

    tahworld Regular Member

    Joined:
    Aug 16, 2013
    Messages:
    457
    Likes Received:
    393
    Location:
    ✔✔✔✔✔✔✔
    I thought BHW policy was members have to be 18 years and older.

    Young man, you broke 2 laws today:

    1) Tax evasion
    2) you broke the terms of service of BHW.

    Obviously #2 is way worse.

    Now go think about what you did :p
     
  5. Deathrow

    Deathrow Newbie

    Joined:
    Nov 2, 2013
    Messages:
    21
    Likes Received:
    5
    You don't have to pax taxes unless they can trace the money.

    So, if you use it to buy a house, put it in a bank, or buy something else expensive, you better pay taxes on it otherwise you will most likely get caught. Obviously they won't look into you unless you give them a reason, so if you aren't messing with huge amounts of money you should be fine not paying taxes.


    Another thing, though. If they can't trace the money, you can report the income as anything. In the US long term capital gains is 15% on any amount unless you make over 400k. Obviously you would report it as that because it is the lowest rate. However if you're only making 36k or less, you can get 0% on long term capital gains.

    Not too sure about UK, but it's the same concept.
     
  6. lancis

    lancis Elite Member

    Joined:
    Jul 31, 2010
    Messages:
    1,632
    Likes Received:
    2,384
    Occupation:
    Entrepreneur
    Location:
    Milky Way
    Home Page:
    Why do you ask? Want to know how do we feel about giving away 40% of income to fund services we will never use?
    Well... "bad" describes it best. :)
     
  7. tahworld

    tahworld Regular Member

    Joined:
    Aug 16, 2013
    Messages:
    457
    Likes Received:
    393
    Location:
    ✔✔✔✔✔✔✔
    I'm pretty sure we're passed asking "can they trace me?".

    Last time I checked the news, my fridge was being phone-tapped.

    Pay your taxes, it's a whole lot better than the consequences.
     
  8. Sparkphase

    Sparkphase Junior Member

    Joined:
    Mar 7, 2011
    Messages:
    118
    Likes Received:
    32
    Location:
    United Kingdom
    Home Page:
    If you are in the UK setup a sole trader bank account and tell HMRC you are self employed and a sole trader.
    When you are 18 you have other options.
     
  9. Vonais

    Vonais Power Member

    Joined:
    Oct 14, 2013
    Messages:
    631
    Likes Received:
    336
    Occupation:
    IMer, student.
    Location:
    My room
    Wiz made a post about having members of all ages here on BHW. I'm sure being underaged is no problem :p. After all, I made a journey thread titled "13 year old's journey", and I still haven't been banned yet.
     
  10. tahworld

    tahworld Regular Member

    Joined:
    Aug 16, 2013
    Messages:
    457
    Likes Received:
    393
    Location:
    ✔✔✔✔✔✔✔
    I know :) just messing around.
     
  11. Deathrow

    Deathrow Newbie

    Joined:
    Nov 2, 2013
    Messages:
    21
    Likes Received:
    5
    tahworld - I can understand why you think that, but you can make money untracable.

    The world is a huge place. Don't you think there's drug traffickers or other people that get away without paying taxes?

    Obviously you have to be highly educated, so I don't recommend OP doing so unless it's small amounts.


    Millions of people tax evade a year, but some where in the couple thousands are only charged for it. Obviously it isn't hard to get away with it. They only catch people that deal with large amounts
     
  12. Sturmlicht

    Sturmlicht Newbie

    Joined:
    Jan 16, 2016
    Messages:
    9
    Likes Received:
    2
    I am a tax german advisor.You have to pay taxes also for illegal activities.No criminal would do that thats another story.
     
  13. whiteblackseo

    whiteblackseo Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 11, 2015
    Messages:
    1,771
    Likes Received:
    618
    Occupation:
    Providing Quality SEO Services
    Home Page:
    Don't bump old threads, reported.
     
    • Thanks Thanks x 1
  14. WizGizmo

    WizGizmo Super Moderator Staff Member Premium Member

    Joined:
    Mar 28, 2008
    Messages:
    3,833
    Likes Received:
    55,431
    This is an old thread that is still being bumped
    Therefore, I am now closing this thread.
     
Thread Status:
Not open for further replies.