Confused about money Laundering......seems like the gov is rather nosy.

[Mrburns2007]

http://www.foxnews.com/story/0,2933,103574,00.html


Who decided that if you take out more then $10,000 the government has to know about it, seems a little nosy to me ?

 

[Cuda1447]

Originally posted by: Mrburns2007
http://www.foxnews.com/story/0,2933,103574,00.html


Who decided that if you take out more then $10,000 the government has to know about it, seems a little nosy to me ?

You got something to hide?

 

[Aves]

Originally posted by: Mrburns2007
Who decided that if you take out more then $10,000 the government has to know about it, seems a little nosy to me ?

The Federal Government.

 

[compudog]

10 grand is a lot of cash for a single transaction. Like drug money.

 

[cheesewhiz]

Sure it's nosy, if you're laundring money.. other than that, they can basically get access any time they want with a warrant..

Oh and Rush is scum anyway, he sits there preaching zero-tolerance for drug abuse and then abuses drugs.. if the world worked his way, he'd be in jail already, not "rehab" .. Let's just hope it never gets there.

 

[dartworth]

Big Brother is watching you.

I don't have anything to hide, but that is not the point. Government, Federal or local, needs to stay out of our business. This is the United States right?

 

[Mill]

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

 

[Kadarin]

Only a terrorist or a drug dealer would need $10K in cash.. 😉

 

[TommyVercetti]

Originally posted by: dartworth
Big Brother is watching you.

I don't have anything to hide, but that is not the point. Government, Federal or local, needs to stay out of our business. This is the United States right?

But if you don't have anything to hide, why be scared? Only someone who has something to hide would be scared.

 

[Vic]

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

 

[Mill]

Originally posted by: Vic

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

I can think of even more reasons for needing 10k in cash even above a car. 😉

 

[Vic]

Originally posted by: Millennium

Originally posted by: Vic

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

I can think of even more reasons for needing 10k in cash even above a car. 😉

Well, I didn't really want to bring up the $2-3 million dollars in mortgages I sell every month. 😉

 

[tweakmm]

What does taking money out of a bank have to do with money laundering?

 

[Vic]

Originally posted by: tweakmm
What does taking money out of a bank have to do with money laundering?

Because all "financial transactions" of $10,000 and more must be reported to the Federal government. Even a withdrawal from your own savings account.

 

[Mill]

Originally posted by: tweakmm
What does taking money out of a bank have to do with money laundering?

Just that the feds can't stand anyone having money. Soft and Hard political contributions are FINE, but not actually buying something you want, but don't want advertised around. 😛

 

[AvesPKS]

Originally posted by: TommyVercetti

Originally posted by: dartworth
Big Brother is watching you.

I don't have anything to hide, but that is not the point. Government, Federal or local, needs to stay out of our business. This is the United States right?

But if you don't have anything to hide, why be scared? Only someone who has something to hide would be scared.

You're right. In fact, why stop there? Why don't we all have cameras installed in our house, so the government can watch us all the time. If we don't have anything to hide, there shouldn't be anything wrong, right?

 

[FatJackSprat]

Originally posted by: Vic

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

I'm not in favor of having my personal life montored either, but do you guys really think that $10,000 cash is common? I just saw on the news that the median income is less than $50,000 a year, so for most people $10k represents almost 1/4 of an entire year's earnings. Even beyond that is the fact that the govt is only interested in cash transactions, not every single time more than 10k changes hands. For obvious reasons, most people would not be comfortable transporting or exchanging such a large amount of cash and will choose more secure methods whenever possible. Unless of course you're operating a "tax free" business and don't want anyone knowing what you're up to.

 

HAHAHAH
rush is going down...
so so great to watch.

 

[Mill]

Originally posted by: FatJackSprat

Originally posted by: Vic

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

I'm not in favor of having my personal life montored either, but do you guys really think that $10,000 cash is common? I just saw on the news that the median income is less than $50,000 a year, so for most people $10k represents almost 1/4 of an entire year's earnings. Even beyond that is the fact that the govt is only interested in cash transactions, not every single time more than 10k changes hands. For obvious reasons, most people would not be comfortable transporting or exchanging such a large amount of cash and will choose more secure methods whenever possible. Unless of course you're operating a "tax free" business and don't want anyone knowing what you're up to.

Oh please. 10k isn't jack sh!t.

 

[Amused]

Another freedom lost to the war on drugs. And look at all the sheep who are not bothered by it one little bit.

 

[dartworth]

Originally posted by: TommyVercetti

Originally posted by: dartworth
Big Brother is watching you.

I don't have anything to hide, but that is not the point. Government, Federal or local, needs to stay out of our business. This is the United States right?

But if you don't have anything to hide, why be scared? Only someone who has something to hide would be scared.

Who said anything about being scared.

The government has no right to stick it's nose in my business. I am a private citizen. I am have not broken any laws. If I did, I understand that some of my right can be takien away. Until then, the government has no right to invade my privacy.

The more these freedoms and principles are taken away, the weaker this country becomes.

 

[EyeMWing]

Originally posted by: AvesPKS

Originally posted by: TommyVercetti

Originally posted by: dartworth
Big Brother is watching you.

I don't have anything to hide, but that is not the point. Government, Federal or local, needs to stay out of our business. This is the United States right?

But if you don't have anything to hide, why be scared? Only someone who has something to hide would be scared.

You're right. In fact, why stop there? Why don't we all have cameras installed in our house, so the government can watch us all the time. If we don't have anything to hide, there shouldn't be anything wrong, right?

Bring on the cameras - I'll be the first fvcker to put mine on eBay.

 

[malbojah]

Originally posted by: FatJackSprat

Originally posted by: Vic

Originally posted by: Millennium

Originally posted by: compudog
10 grand is a lot of cash for a single transaction. Like drug money.

10 grand is hardly a lot of money for a single transaction.

It's hard to buy a decent used car for only $10k.

I'm not in favor of having my personal life montored either, but do you guys really think that $10,000 cash is common? I just saw on the news that the median income is less than $50,000 a year, so for most people $10k represents almost 1/4 of an entire year's earnings. Even beyond that is the fact that the govt is only interested in cash transactions, not every single time more than 10k changes hands. For obvious reasons, most people would not be comfortable transporting or exchanging such a large amount of cash and will choose more secure methods whenever possible. Unless of course you're operating a "tax free" business and don't want anyone knowing what you're up to.

I have about $2500 in cash in my safe right now. Gonna add another $200 to it tomorrow

 

[richardycc]

why are you worry? 99% of ATOTers here don't have 10k sitting in their bank anyway. 😉

 

[Vic]

Originally posted by: FatJackSprat
I'm not in favor of having my personal life montored either, but do you guys really think that $10,000 cash is common? I just saw on the news that the median income is less than $50,000 a year, so for most people $10k represents almost 1/4 of an entire year's earnings. Even beyond that is the fact that the govt is only interested in cash transactions, not every single time more than 10k changes hands. For obvious reasons, most people would not be comfortable transporting or exchanging such a large amount of cash and will choose more secure methods whenever possible. Unless of course you're operating a "tax free" business and don't want anyone knowing what you're up to.

Your logic is lacking. You bring up BS about the average person's income, as though we all have little sheep jobs, or how the average sheep might not feel comfortable with that much money on their persons, and then switch to ad hom about how anyone with that kind of money must be a tax evader.

The real question is :what right does the government have, in a "free" country, to tell me I can't carry $10k in cash? Saying that a person can't carry that kind of money is considering them guilty until proven innocent, is it not?

Look at this... I don't even like Rush (hate him in fact) and here I am defending him. Bah! The sheep are always this way... so lacking in morals and intelligence that they will gladly hang themselves to hang those they perceive as their enemies. :disgust: