US law requires any cash transaction of $10,000 or more be reported to the IRS/Treasury Dept. to include the federal tax ID # of both parties/entities, and the deposit accounts involved.
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ShellMonkey@piefed.socdojo.com 8 hours agoPeople like Al Capone would have a few things to say about unverified sources of wealth in any form. Pretty sure if I show up at a car dealer with a briefcase of bills it’ll raise a few questions too.
Railing5132@lemmy.world 4 hours ago
thethunderwolf@lemmy.dbzer0.com 1 hour ago
5002 $9999 transactions
Angryhumanoid@fedinsfw.app 5 hours ago
Depends on the dealership, heh
wonderingwanderer@sopuli.xyz 4 hours ago
Yet another way society is biased against the poor. A rich guy shows up with a briefcase full of money and nobody bats an eye, it’s just another day. A poor guy shows up with a briefcase full of money and then suddenly everyone starts asking questions, and if he doesn’t have good enough answers he might get thrown in jail.
What if I mowed a rich guy’s lawn and he gave me a really big tip? No, I don’t remember his name. No, I didn’t keep the address. It was over there somewhere, go that way, it’s the big house with the mown lawn. You’ll find it, just keep looking…