jenkemjunkie » user profile

A person with 1 GPU casually mining would not have to declare any tax on it. It would be considered a hobby.

What’s stupid is you claimed some 30% tax rate on capital gains…which turns out you were actually talking about the corporate tax rate,…

Yes it is. But now we are delving into the whole business side and away from your premise that your paying over 30% tax on crypto gains not…

its not a lot less tax than personal income lol. It is literally in the same tax brackets as an individual if you are running as a sole…

You said over 30% tax unless you have an abn. So what does the unless you have an abn thing mean? And it’s still wrong because it depends…

I run a 10ghs mining farm. I’m very aware of the tax implication of cryptocurrency mining. Let’s just agree that you thought 30% tax…

I’m sure you were. If some 18 yo is mining on his card and makes $5k a year off it and that’s his only job. You know how much he pays?…

Not disputing the having to pay the tax thing. Just the amount of tax. An individual without an ABN would be taxed in the same tax brackets…

That’s if you run it as a corporation / company. If you are a sole trader / individual it’s not this

No it’s not necessarily this. Only if you are registered as a company. The tax you pay can be dependant on the tax bracket you end up in.…

Where are people getting this 30% figure from?

Where do you get this 30% figure from?

100k CC no job? Ring the issuing CC provider as you can get the interest stopped. Or I’d just default on the credit card as it’s…

Be a weapon at excel. That’s all you need.

Even better. No need for contraception!

Does it improve your autism? I’m thinking of getting it as a booster shot to increase mine. Feels like it’s fading.

Superloop FTTC 50/20: Actual 51.4/13.8

Start a jenkem farm and actually enjoy life

Just ghost them.

I’d buy a card that has been used strictly for mining over a casual gamer’s card any day. The cards miner’s use are ran with constant…

6700XT has a smaller memory bandwidth than 5700XT

I prefer thriving on Centrelink

Nice

24x3070s here. Did you change the thermal pads on your 3080s?

Damn this would have been sick for my bus trips

When I couldn’t get nbn at my house I had to rely on 4G. I got the Telstra ultimate sim with unlimited data (they don’t offer it…

It’s only terrible advice if you aren’t financially prudent. The financial prudent are the ones that look for these loopholes to…

This is an excellent tip. I used similar thinking back in the day when I was working 2 jobs. I claimed the tax free threshold for both jobs…

Duly noted 👍

Look again. It’s at 50k