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Taiwanese Crypto Trader Wins $300k in Tax Lottery

#joesfriend#farmersmarket#costco#bali#watermelon
the transcript auto-captions · entered into evidence

0:00 what you guys take on Costco fruit I think it's whack oh rotiss chicken for $4.99 fruit oh fruits dude almost yeah no no no I watermelon a good deal I to P myself in I got [Music] defens Hey Joe do you know about um the Taiwanese uh tax receipt Lottery what is this okay why would I know I didn't I really expected that you would know it seems like something would know he does know a lot of facts you're Taiwanese right that is something I would be interested in though you're right by the way if you guys ever have tax questions he's really good that said so there's a Trader on taiwan's mcoin Max crypto exchange and he just made about $310,000 American 10 million

0:51 NTD which I believe is um is a currency NT yeah there's currency what is it called NT is just called NT is it abbreviation I don't know n I don't know so he's a he's a crypto Trader right so helpful he's he's on there he's trading crypto and every time he has um a trade he has to pay a tax on that to the government to the government right so he reports a a six cent trade that he that he did right it's basically like 6 cents is the the amount that he owes in taxes so he reports like from that trade it's a small amount of money that he was trading right so then he finds out and once he does that he's entered into to their lottery for reporting his his taxes because they they reward people they reward people they've had this program for for decades now where they reward you for reporting your taxes that's kind of Co you're

1:42 entered into a lottery when you report your taxes and this guy won well how much you made that's fun from a 6 Cent transaction being honest how much did he win $310,000 Oh I thought he made that on on crypto no dude that's actually a good way to get people to pay their taxes no don't get your help sub it's never going to happen of course it won't that's so cool that that makes people all report their yeah taxes yeah it gives you an incentive to like yeah cuz the government gets to make a lot if you're poor yeah it'll make you want to report your taxes if you're rich you're still going to be like it might be at a loss that you won yeah it's all good Grand yeah so it's basically just going to further the Divide so good said that well so aggressive what a spokesman wow 300 Grand in Taiwan is like a million dollars here oh yeah it's crazy no it's

2:32 it's it's actually a lot more because this is a $2 tax for them that was 6 cents us yeah yeah so the ratio is a lot more it is yeah do the math I can't I just know the uh taiwan's not a third world country but the dollar goes very very very far over there you could live third world if you want oh really that's what's dope about it like Taiwan like you can't have they have like all the regular stores that you see in America right like ████ LV whatever mhm but then if you want to live like the island life my dad and buy your groceries from the farmers market and all that like my my uncle's a dentist there so he makes like white collar money right but then he buys all his ████ from the farmers market swap meat even his slacks and all that and he says his expenses for the whole year was like 11,000 a whole year car that's what my dad did that's a m

3:24 does he like Costco do they have Costco they have Costco too but that to them that's expensive Costco's expensive why why would I do that if I could just go to Farmers Market and buy a batch of leaks for five nickels or whatever theck farmers markets here are expensive yeah farmer maret here are frauds have you noticed that frauds yeah so a lot of the a lot of the farmers markets are just people buying uh cheap groceries and just saying they're a farm do you know how much you buy ████ these these these cherries for the Rainer cherries I've boughten a carton of cherries for like $25 once just cuzz my wife wanted I hate that man when my wife wants and it's out of season and I'm buying ████ grapes for $45 ████ ridiculous dude it's like they're ████ grapes dude bubblegum grapes are pretty good though they're very good what's you guys take on Costco fruit I think it's whack rotisserie chicken for $4.99 fruit oh

4:14 fruits almost yeah no no no watermelon a good deal I would to punch myself in the I got defensive I think their watermelon is a good deal the problem is it good though yeah oh really I haven't had the water it depends which Costco you go to is very good I think their fruits kind of wack a Whack Attack kind of whack Whack Attack you got to go to different you got to go to eight different supermarkets to get all your groceries anyway I don't even like fruit they all taste like ████ to me where do you get your watermelon the famous Nick watermelon that you love so much Costco I get a Costco it's a good deal yeah uh Trader Joe's I like it uh actually Trader Joe's is pretty good how much is okay how much is it you say it's a good deal four times how much is it in Hawaii it's like 10 but that's a good deal for Hawaii 10's horrible but it's like 5 lb it's like 20 if you if you go to regular market right no it's noteven bucks I'm saying relative to where you live so in

5:05 in Vegas it's like five bucks but in Hawaii so it's like it's wherever you're at it's the best deal okay yeah okay but if you had a ████ Taiwanese Night Market downstairs that s███'s how much is that five nickel five nickel five nickels yeah that's his currency dude my ████ my uncle he'll like like he has to like look presentable right cuz he's like seeing patience and ████ his dress shirts are a dollar each damn like just the type of life you can live is CRA like you can if you were like a stock broker but you just wanted to buy all your ████ from like cuz it's like f Taiwan is like a first and third world country at the same time like simultaneously you just call it second world maybe second world one and a half and you could just ████ cut him suggesting it dude you could buy ████ like beef noodle soup for ████ like three cents and ████ it's ████ crazy that's funny because I feel like our

5:55 impression of Taiwan looks like Hong Kong to us where it's like looks unlivable like it looks like so expensive the prices are so like skyrocketed in Tai yeah oh but that that would be like my plan H like if ████ ████ failed like in in in America I don't know what the ████ to do what's plan X do you are Republic of Congo no I think plan H is is is already set I'll I'll sell ████ a a thing of cocaine make 5gs and then ████ go live there forever five grab five grab it can go far dude it's sell a thing have the cocaine no we'd have to get it do you have the plane yeah you got to get the plane too does your uncle look like Jackie Chan dude I was at I was in Bali you're you know bali's sick right B's sick I'm about to know tothy and it's dude it was it was so cheap there it was

6:45 insane like we're going to like these like five star places and it's like so cheap and ████ it's like for getting a drink oh like like 150 bucks like to stay there for like two days or whatever two days like a nice Villa and we kept on going to different Villas cuz like there's so bless bless you sir but we're there and I'm there with like my buddy and his chick at the time and like um me and Nikki are just buying like $5 drinks at the at the hotel and then he just disappears and I'm like where the ████ did he go and apparently he wanted to save even more money so he goes to like one of those like little um outlet malls and he buys like a thing of vodka and orange soda for like cheap but and he's like making that to have in the room no but he's hanging out at the ████ market so he's we came to Bali we're standing at this F star resort and ████ and he's like yeah but he's like I was

7:35 saving so much money over so he's like at a grocery store yeah dud with like the locals and stuff yeah he's hanging out like next to a Jamba Juice like in like a food court area like where you could you could just do that in Southern California you don't have to be in ████ Bali dude it's just way hotter there too by the way so he's like cooking out there it's like 117° and he's like cooking in the ████ like middle of a of a he's just doubling down on the savings dude it's unbelievable like that but from $5 to one is is I mean come on come on how much yeah you live like a king over there you spend on a typical like let's say like 3 or 4 day trip in B like Allin whole thing ████ dude what's the average I'd be shocked if you get over if you get over 500 bucks shut up 500 bucks the food out there too is cheap it's that cheap dude

8:25 I took my whole family out in Bali to go for breakfast it was like 12 dude was like everybody was eating ████ whatever the ████ they wanted right multiple drinks multiple plates the whole thing came out to $80 us for 12 people 12 people for 12 people and like kind of eating like kings yo dude that's how much I spent on my king crab market price at Boiling yesterday yeah that that's your Postmates dude that's your Postmates for McDonald's $80 should we just move to Asia let's go to Bali dude we got to sell a thing of cocaine first Vietnam was such a good deal oh yeah Vietnam is another I brought two G there and I came home with like two G's how much is a bowl of f how much is a bowl of like made money in Vietnam two bucks and that to them is like inflation wow I get ████ every day of Vietnam my friend was complaining he's like man did you know it used to be a dollar and I'm like

9:16 you make like 300 Grand a year why are you complaining that it's a $2 bowl of f because it was a0 50 c change dude that's huge a dollar hey that's how rich people keep their money that's true he doesn't buy coffee that's why we're poor also that's how he's been there since 2009 so I think he thinks he's a local and I'm like why you tripping like it's a dollar difference dude 14 years in Vietnam is a big change cuz they had such a crazy change over the last 10 years though so it probably does he was like there was no Skys stop defending Joe's friend so much stop getting on me so much Joe's friend sucks talking about TK we're not we're not on Joe's friend side yeah we're on Jo side what team are you on bro we're we're riding with him we have a tattoo with him not with his friend [Music]

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