[CLUE-Talk] The Advance of the Surveillance Society

[Timothy C. Klein]

* David Anselmi (anselmi at americanisp.net) wrote:
> Without reading the entire paper, nor the Act, this seems similar to 
> what I've always believed (without verification) about large cash 
> transactions.  My understanding is that withdrawing more than $10k from 
> a bank or buying something (like a car) for more than $10k cash requires 
> paperwork be submitted to the IRS as a way to trace illegal activities. 
>  If you withdraw $10k and spend $10k, no problem.  If either half of 
> the equation is missing, red flag.
> 

I used have to make deposits of cash made at bookstore when I was an
assistant manager there.  Whenever the cash was greater than $10K, I had
to fill out a form and sign some paperwork.  It was a PITA.  And it was
just cash, not the total deposit.  They didn't care about checks.

Tim
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== Timothy Klein || teece at silverklein.net   ==
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== "Hello, World" 17 Errors, 31 Warnings... ==
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