this post was submitted on 20 Oct 2024
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Explain Like I'm Five
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First, 99% of it is completely legal. Rich people write the tax laws. It's only when the money is coming from an illegal source that it becomes a crime and most big criminals know how to get around that.
While rest of us get get flagged for feds when we want to do something with 9k dollars because it close enough to 10k 🤡
Isn't that $9k limit against pure cash deposits? As in an ACH, wire transfer or even old school paper cheque would be fine, but untraceable cash of $9k raises the eyebrows of regulators.
9k cash aint that much money nowadays...
But you are correct. I dont think 9k ach transfer would trigger SAR but god for forbid plebs use cash to buy a usef car 🤡
Where are you getting multiple handfuls of $9k in cash (and you aren't a cash operating business which don't apply) that you are running into this as a problem?
Bootlicker 🤡
You're creating your own problem, complaining about it, and somehow that's my fault? If this is your regular pattern, I bet your life is a mess and you have no idea why.
You dont understand what 10k limit is really about and confidentiality bootlicling while at it.
Pathetic