Post
Topic
Board Press
Re: [2024-09-15] Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
by
Kakmakr
on 16/09/2024, 05:39:00 UTC
I think people look at the taxes and they reckon that share for the government is way too much, so they take their chances and the under report their gains. I actually over report and then I get audited and the government will owe me money, so they leave me alone.  Grin

I would have been able to buy several cheap cars, with the money I had to pay on the capital gains taxes that I had to pay over the last couple of years, but I pay that with a smile, because I do not have to look over my shoulder to see when the tax man will knock on my door.

Pay your taxes and sleep like a baby every night!