How bad are tax laws in your country?Last night I found out indian government has banned polymarket and warned VPNs to block it too yet the income tax department wants users to note down every single trade and pay 30% on the profitable ones. I've lost $10k + on the platform yet i apparently owe them way more than that in taxes because losses aren't counted
>>221656302If tax exists, its bad. The rest matters little
50% tax + insurance on wages25% VATSo effectively 75% tax.
>>221656325Good nightDont forget expenses for your pension fund
>>221656325But atleast you have the quality of life to justify it In india ...
>>221656302Why don't you just not pay?Also how do they know you even got money in the first place
>>221656368250k indians came here in the last 5 years. Sweden is already india buddy.
county tax: 1% property tax annuallystate income tax: 2-5%marginal federal income taxes.. depends how much you make, but the max is 37% not bad.>indian govt banned polymarketDon't waste your money on those prediction apps. Just go to the horse track!! Thats way more exciting! Play some card games. The bets on that app are stupid. "Will Jesus come back?" how are you gonna collect on that? thats the end of the world
>>221656302Pretty bad. It's extremely easy to get away from paying taxes here.
>>221656383Google says it’s 61k
>>221656380they don't really know yet because of proxy wallet and shit but I've used the connected main wallet to offramp to my bank account via a Dubai based company Also non declaration attracts retarded fines like 200% and what not>>221656383It's impossibru for normal indians to get a European visa>>221656386yeah well on new year's I was -6k with 29k in overall profits Now I've lost 4k more with no profits...I've stopped using it completely Just waiting for the airdrop but I can't even cash it out because of the tax laws
>>221656474>they don't really know yet because of proxy wallet and shitSo how do they know youve made any money off polymarket and owe them anything?
>>221656510In case they suspect my bank transactions it can lead a trail to everything
>>221656302Just play live poker with your friends instead of this polymarket crap. It's legal btw (in my state at least)
>>221656325thats not how it works retard but okay
>>221659902it's still 62.5% money lost
>>221656302Brazilian taxes are like thisFederal taxes:>Industrialized products tax (basicaly anything that you buy) - 0 to 30%>Import tax - 20 to 60%>Income tax (only paid by 14% of the population) - 7.5 to 27.5%State taxes:>Tax over Circulation of Goods and Services (basically anything that you buy 2) - 17 to 22%>Vehicle tax - 1 to 4%Municipal taxes:>Urban property tax - 0.5 to 3%
>>221659795I'm not a big fan of gambling heh>>22166066250 % gst over basic price? That's too high>>221656325They replaced VAT and service tax with GST in 2017 and simce then it's basically impossible for small companies to do business. Only tax evading gujrati/rajsthani and adani (also a tax evading gujrati) is surviving in this economy
>>221661469Send help
I think I'm low to medium riskNever touching any Indian exchange
>>221661567>40% of budget is debt>almost the same amount of money is just paying off old debtswtf.
>>221656302i pay less taxes than the natives
>>221656302jeetlife
>>221663716You just found out about why Brazil is so stagnant
>>221656302dunno, I've never payed taxes
>>221661567>>221663716>>221665432What are we even supposed to do in a situation like this? Default on debts and bankrupt the whole economy? Stop paying pension to old people and let them starve? Stop spending on government programs and cause a profound recession?
>>221666556do what greece didtoo bad you don't have brussels to force austerity on you
>>221667426>do what greece didProfound recession?
>>221667823no recession is where you are heading you will have the same reckoning as greecenot every country can be america and endlessly print reserve currency
>>221656302No idea. I live on my inheritance (no inheritance tax here in Sweden) so all that stuff is outside my knowledge.
> le taxes are le badCivilizations wouldnt exist without taxes. Literally its the only thing that all civilizations have in common, from antiquity to contemporary time
