mrboots
Well-Known Member
they aren't promoting this thing for theives they are promoting it for big gamblers in vegas and guys trying to hide stuff from thier wives in divorces.
Money Laundering
- Thread starter IgrowBIGG
- Start date
they aren't promoting this thing for theives they are promoting it for big gamblers in vegas and guys trying to hide stuff from thier wives in divorces.
altnutt
Member
You can deposit up to either 5 or 10k into an account each month. Any more than that and the bank will look into your deposits and notify the gov of possible tax fraud. Now a good way to get around this, as i would do, is to have a bank account or two set up at several different banks. Maybe even under several different names. Private banks work better than generic ones such as BOA or Chase or somethin and, well if u do the math with 4 seperate bank accounts at 4 seperate banks at 5000 a month each you can deposit up to 20k a month in cash without being detected.
You are so dreaming.... FYI banks automatically report any cash transaction over 3k, not 10K. The banker doesnt have to do anything (CTR). The bank computers automatically report this info and patterns are reported in CTRs without any teller or low level person even knowing. One day IRS will show, "Hello!"
Like I said previously, if you want to keep your money you need to buy physical gold and silver. Lets go through a few of the reasons why, they aren't conspiracy theory, just laws and facts here. First off the taxing laws concerning gold and silver. Capital gains of gold and silver are taxed at the collectibles rate of 28% - 35%. Now this is just REGISTERED PMs (Precious Metals), when you go to the local coin shop and buy some silver, they don't get your name, or do any kind of paperwork UNLESS its a cash transaction of $10,000 or more, and then its just to report the cash, not the metal. BY LAW the federal government imposes NO SALES TAX on PMs. The reason why is because Gold And silver are Legal tender and therefore a nation cannot tax its own currency. Many states also have laws put in place exempting PMs from sales tax, I know mine doesn't collect any tax on physical Metal. Now everything else except for physical ownership is registered with a government entity in one form or another. ETF (Exchange Traded Funds), Mining stocks, Futures contracts, Index funds, unallocated pool investments are all reported and TAXED on any gains. The collectible tax is up to 35%, which is a shit load so it makes much more sense to buy PHYSICAL!!
Now PM's have a knack for increasing in value while just sitting there and always match or far outdo the rate of inflation so your going to be taxed on it IF YOU SELL MORE THAN $10,000 worth to the same place in any 1 given day. Because like I said its the cash that will get reported. Now if you take delivery of your cash over 3 different days and in 3 different amounts then the cash is NOT reported, so if you know your Bullion dealer you might be able to work something out for large transactions that won't have to be reported. For example, if you sold $12,000 of gold at one time, the transaction would be reported, BUT if you sold $50,000 worth and took 3 payments over 3 different days the transaction would not be reported, even though each payment was in excess of $10k. Want to get around the reporting requirement completely? WRITE A CHECK OR WIRE THE MONEY!! Remember its just the long green, the dead presidents, the cabbage, Federal Reserve Notes, CASH that gets reported. BTW a cash instrument ( Cashiers Check) is the same as CASH when it comes to reporting.
My bullion dealer writes me a check when I sell to him, so ITS NEVER REPORTED!!
What is not reported cannot be taxed, it may be illegal to see a gain on selling gold and silver and NOT report it, but how would they ever know in the first place?
Certain forms of gold which traded as commodity contracts in 1982 fall under the Broker Reporting Act of 1982. Gold bullion items specifically named in the Act are South African Krugerrands, Canadian Maple Leafs, and Mexican gold Onzas in quantities of 25 ounces ( one 'contract') or more, and .995 or finer gold bars in quantities of a kilogram (32.15 troy ounces) or more in a calendar year.
Sales of these items in contract quantities require the broker or dealer to file a 1099-B IRS information form, reporting the sale of a regulated commodity contract.
Buy American Gold and Silver Eagles in any quantity you want, because they are legal tender and are protected by those laws first and foremost they are not reported.
Oh and the gold eagle which is 1 ounce of gold ($1250) has a legal tender value of $50, so to get up the reporting amount of $10,000 you would need to buy 2000 of them, which means a transaction of $2.5 million. Silver Eagles are legal tender for $1 each so you would need to purchase more than 10,000 of them to meet the requirements which is a $200,000 transaction. I doubt many people on this forum would need to launder that much at one time.
When you sell you sell them back to the coin shops and bullion dealers you bought them from, don't report jack shit and go on with your life with squeeky clean money that cannot be traced back to you.
Another way to get around ever having to pay any kind of a tax and still receiving the benefits of a sale are to donate to charity or a church. You will get the deduct the full value of the PMs as if you had sold it then and then deduct it from your tax burden. You will realize no gain by doing this, you will only realize a loss in how much you owe the gubbermint. A Win win situation for you and a big loser for the tax man. Totally legal tax evasion and illegal, but impossible to enforce, money laundering.
Now PM's have a knack for increasing in value while just sitting there and always match or far outdo the rate of inflation so your going to be taxed on it IF YOU SELL MORE THAN $10,000 worth to the same place in any 1 given day. Because like I said its the cash that will get reported. Now if you take delivery of your cash over 3 different days and in 3 different amounts then the cash is NOT reported, so if you know your Bullion dealer you might be able to work something out for large transactions that won't have to be reported. For example, if you sold $12,000 of gold at one time, the transaction would be reported, BUT if you sold $50,000 worth and took 3 payments over 3 different days the transaction would not be reported, even though each payment was in excess of $10k. Want to get around the reporting requirement completely? WRITE A CHECK OR WIRE THE MONEY!! Remember its just the long green, the dead presidents, the cabbage, Federal Reserve Notes, CASH that gets reported. BTW a cash instrument ( Cashiers Check) is the same as CASH when it comes to reporting.
My bullion dealer writes me a check when I sell to him, so ITS NEVER REPORTED!!
What is not reported cannot be taxed, it may be illegal to see a gain on selling gold and silver and NOT report it, but how would they ever know in the first place?
Certain forms of gold which traded as commodity contracts in 1982 fall under the Broker Reporting Act of 1982. Gold bullion items specifically named in the Act are South African Krugerrands, Canadian Maple Leafs, and Mexican gold Onzas in quantities of 25 ounces ( one 'contract') or more, and .995 or finer gold bars in quantities of a kilogram (32.15 troy ounces) or more in a calendar year.
Sales of these items in contract quantities require the broker or dealer to file a 1099-B IRS information form, reporting the sale of a regulated commodity contract.
Buy American Gold and Silver Eagles in any quantity you want, because they are legal tender and are protected by those laws first and foremost they are not reported.
Oh and the gold eagle which is 1 ounce of gold ($1250) has a legal tender value of $50, so to get up the reporting amount of $10,000 you would need to buy 2000 of them, which means a transaction of $2.5 million. Silver Eagles are legal tender for $1 each so you would need to purchase more than 10,000 of them to meet the requirements which is a $200,000 transaction. I doubt many people on this forum would need to launder that much at one time.
When you sell you sell them back to the coin shops and bullion dealers you bought them from, don't report jack shit and go on with your life with squeeky clean money that cannot be traced back to you.
Another way to get around ever having to pay any kind of a tax and still receiving the benefits of a sale are to donate to charity or a church. You will get the deduct the full value of the PMs as if you had sold it then and then deduct it from your tax burden. You will realize no gain by doing this, you will only realize a loss in how much you owe the gubbermint. A Win win situation for you and a big loser for the tax man. Totally legal tax evasion and illegal, but impossible to enforce, money laundering.
cdrippper2
Active Member
Yeah, and to make matters worse, in that "financial reform bill" LOL, that congress is trying to play as as bad for the bankers, any transactions over $600 would have to be reported. Start calling your local offices now to complain, or it will be coming soon.
canadian
Well-Known Member
It says theives right under the company name....
ElectricPineapple
Well-Known Member
it says, ultimate protection from thieves.
Leothwyn
Well-Known Member
Seriously?! I can't see that happening. Wouldn't that pretty much be EVERYONE'S pay check in the country, every week? How could banks and gov. keep up with that?
ugmjfarmer
Well-Known Member
I think this was actually passed in the health care bill and the law is effective Jan 1, 2012. It reads Any Business who purchases over $600 of goods or services from any business or individual must issue a 1099-misc form for the purchases.
already law.Thats why they hired an extra 16,000 IRS agents.
canadian
Well-Known Member
My bad, I read it from a different persepective... like its good for everyone from thieves to families etc... my bad
Carribean Blue
Well-Known Member
claim your property as a micro nation and write a consitusion that you are to be taxed on money you save out side your micronation keep money as cash an spend away it can not be touched unless the goverment find out that you are a massive international criminal or using you micronation as an offshore account and making money out of us citizen even if they are drug dealers so it is a service to keep your money and not get taxed but dont share the service
kTOWN.Grown
Active Member
hey guys would like to know what you know about money orders. through wall mart or post office any other companies??? and post office requires the senders ssn but not receiver, i was wondering if you cash through wall mart does the government have access to that info? dont want to cash through my bank thats why.......any advice would be cool.
Master Kush
Well-Known Member
I'd suggest an offshore bank account in another person's name like John Smith or Jane Doe.
Black Thumb
Well-Known Member
Just tell the IRS that your a hired hitman and that this is no coincidence that your meeting 
About the dog sniffing money, i always thought they loved the smell of ass i never knew they where going for my wallet.
If your rolling in money its because what you have isnt enough, i want a nice house and a nice car.
How does stuffing money into a box and burying it explain a nice house ?
I like the real estate idea its where my mind always takes me when i think about this type of stuff.
About the dog sniffing money, i always thought they loved the smell of ass i never knew they where going for my wallet.
If your rolling in money its because what you have isnt enough, i want a nice house and a nice car.
How does stuffing money into a box and burying it explain a nice house ?
I like the real estate idea its where my mind always takes me when i think about this type of stuff.
dinobelly
Well-Known Member
Start a livery service......pay cash from a private individual for a S-Class Mercedes or Lincoln Town Car, set up a sedan service, maybe even do a couple airport runs a week. Just claim more business than you actually do. Most people pay cash for that kind of service. Besides it give you a nice tax shelter to declare tons of losses. It ends up paying for itself, you get a nice extra car, and the money becomes clean while paying almost no taxes on it if you do it right. It's just common sense.
ElectricPineapple
Well-Known Member
just become a waiter at a nice restaurant
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