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Dinar Rumor Cashing in less than $10,000 to avoid taxes


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I know this is a risky thing to bring up, but I planned on the event of <$1 and also >$1. I bought like most of us $25,000 notes and paid allot more for $1,000 notes. My plan is to cash in the $1,000 notes 9 at a time to avoid taxes. Call me crazy, but like most of us, I hate the idea of giving O money for an idea that he did not have. If the bank does not take any personal information, this would be a easy thing to get away with. I have no problem with paying on the $25k notes, but if given a chance, I will not pay a dime. I know the parental comments are about to come out against me, but it is downright higway robbery to get taxed at 48%. Let the bashing begin!!

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There are many good strategies available to stop the criminals in Washington from continuing to take more & more from us. They want it all! It's out of control! They then throw it away, put it in the pockets of dictators or use it against us! I've had enough. I will do whatever it takes to keep as much from them as I can! Thank you for this very useful post. If you want to learn more about how to keep as much of YOUR money as you can, please go to You Tube & click on Offshore Legal - part 1 & 2, also, IRS Tax Fraud & How To Hide Your Assets Offshore, part 1 & 2. It is perfectly legal. This is how the rich elite play the game & so can we -- we just have to learn how! Hope this helps. God bless.

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I know this is a risky thing to bring up, but I planned on the event of <$1 and also >$1. I bought like most of us $25,000 notes and paid allot more for $1,000 notes. My plan is to cash in the $1,000 notes 9 at a time to avoid taxes. Call me crazy, but like most of us, I hate the idea of giving O money for an idea that he did not have. If the bank does not take any personal information, this would be a easy thing to get away with. I have no problem with paying on the $25k notes, but if given a chance, I will not pay a dime. I know the parental comments are about to come out against me, but it is downright higway robbery to get taxed at 48%. Let the bashing begin!!

Well if they give a time limit on the K notes exchange, your plan is screwed. If you could get lower notes in the hundreds range you would have all the time you wanted

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i wouldnt give them any reason at all to notice me. my advice is pay all taxes due. you dont want them crawling up your *** with a microscope. they will get their money,...one way or another i can guarantee that any of you feel like doing anything that even resembles avoiding the taxman,..you will get caught. after waiting this long,...do you seriously want to make yourself a target to the IRS.......good luck with that.

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What you plan to do is called "structuring" and is nothing less than money laundering.

How Money Laundering Works and Fighting Money Laundering

*In October 2005, U.S. congressman Tom DeLay was indicted on money laundering charges, forcing him to step down as House Majority Leader. Money laundering is a serious charge -- in 2001, U.S. prosecutors obtained almost 900 money-laundering convictions with an average prison sentence of six years. The rise of global financial markets makes money laundering easier than ever -- countries with bank-secrecy laws are directly connected to countries with bank-reporting laws, making it possible to anonymously deposit "dirty" money in *one country and then have it transferred to any other country for use. *

*Money lau*ndering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. In this article, we'll learn exactly what money laundering is and why it's necessary, who launders money and how they do it and what steps the authorities are taking to try to foil money-laundering operations.

Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. In practice, criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. Otherwise, they can't use the money because it would connect them to the criminal activity, and law-enforcement officials would seize it.

Money Launderering Basics

The most common types of criminals who need to launder money are drug traffickers, embezzlers, corrupt politicians and public officials, mobsters, terrorists and con artists. Drug traffickers are in serious need of good laundering systems because they deal almost exclusively in cash, which causes all sorts of logistics problems. Not only does cash draw the attention of law-enforcement officials, but it's also really heavy. Cocaine that's worth $1 million on the street weighs about 44 pounds (20 kg), while a stash of U.S. dollars worth $1 million weighs about 256 pounds (116 kg).

The basic money laundering process has three steps:

1. Placement - At this stage, the launderer inserts the dirty money into a legitimate financial institution. This is often in the form of cash bank deposits. This is the riskiest stage of the laundering process because large amounts of cash are pretty conspicuous, and banks are required to report high-value transactions.

2. Layering - Layering involves sending the money through various financial transactions to change its form and make it difficult to follow. Layering may consist of several bank-to-bank transfers, wire transfers between different accounts in different names in different countries, making deposits and withdrawals to continually vary the amount of money in the accounts, changing the money's currency, and purchasing high-value items (boats, houses, cars, diamonds) to change the form of the money. This is the most complex step in any laundering scheme, and it's all about making the original dirty money as hard to trace as possible.

3. Integration - At the integration stage, the money re-enters the mainstream economy in legitimate-looking form -- it appears to come from a legal transaction. This may involve a final bank transfer into the account of a local business in which the launderer is "investing" in exchange for a cut of the profits, the sale of a yacht bought during the layering stage or the purchase of a $10 million screwdriver from a company owned by the launderer. At this point, the criminal can use the money without getting caught. It's very difficult to catch a launderer during the integration stage if there is no documentation during the previous stages.

There are lots of money-laundering techniques that authorities know about and probably countless others that have yet to be uncovered. Here are some of the more popular ones:

Structuring deposits

Also known as smurfing, this method entails breaking up large amounts of money into smaller, less-suspicious amounts. In the United States, this smaller amount has to be below $10,000 -- the dollar amount at which U.S. banks have to report the transaction to the government. The money is then deposited into one or more bank accounts either by multiple people (smurfs) or by a single person over an extended period of time

Overseas banks

The United States addresses the crime of money laundering in countless legislative acts. Here are just a few of them:

The Bank Secrecy Act (1970) basically eliminates all anonymous banking in the United States. It gives the Treasury Department the ability to force banks to keep records that make it easier to spot a laundering operation.

This includes reporting all single transactions above $10,000 and multiple transactions totaling more than $10,000 to or from a single account in one day. A banker who consistently violates this rule can serve up to 10 years in prison.

The 1986 Money Laundering Control Act makes money laundering a crime in itself instead of just an element of another crime, and the 1994 Money Laundering Suppression Act orders banks to establish their own money-laundering task forces to weed out suspicious activity in their institutions.

The 2001 U.S. Patriot Act sets up mandatory identity checks for U.S. bank patrons and provides resources toward tracking transactions in the underground/alternative banking systems frequented by terrorist money handlers. For a more complete list of U.S. anti-money-laundering legislation, see FDIC: Bank Secrecy Act and Anti-Money Laundering.

Patriot Act: http://www.fincen.gov/statutes_regs/patriot/

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Your bank would still fill out a 109 form on you (exchanging Iraqi money at just below the 104 form trigger, would trigger form 109 for them). The 10k number is an automatic report for you, but your bank can fill out their SAR report for any amount. The report doesn't have anything to do with taxes. If you are just trying to exchange and not tell the IRS thinking they will not know about your exchange because you are under 10k, you are playing with fire. IMO

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i wouldnt give them any reason at all to notice me. my advice is pay all taxes due. you dont want them crawling up your *** with a microscope. they will get their money,...one way or another i can guarantee that any of you feel like doing anything that even resembles avoiding the taxman,..you will get caught. after waiting this long,...do you seriously want to make yourself a target to the IRS.......good luck with that.

i agree, and i believe it have be less than $200 USD to not have to pay tax

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have fun doing this. the irs is hiring new agents to look for hiding money off shore accts and not reporting. they are legal ways to protect youre money. do you think they are montoring these sites. now they have your acct name and just a matter of time to trace back to you. customs is also watching for movement of money outside of the states. they catch you it is gone and you will face sumgling charges.

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Banks may turn you in! I know because I work at one. Any bank employee may complete a SAR Report without you knowing at any time. SAR reports (suspicious activity reports) are for transactions that raise a red flag. Such as transactions that appear to be structured just under the $10k mark. Employees are told to look for this. The report goes to the Federal Government! You will never know if they reported you. So just saying be careful and don't make it to obvious. Paying taxes is a lot better then the IRS and jail.

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Murphy's law

From Wikipedia, the free encyclopedia

Murphy's law

"Anything that can go wrong will go wrong".

It is used as either a purely sarcastic musing that things always go wrong, or, less frequently, a reflection of the mathematical idea that, given a sufficiently long time, an event which is possible (non-zero probability) will almost surely take place. Although, in this case, emphasis is put on the possible bad occurrences.

Generally, the spirit of Murphy's law captures the common tendency to emphasize the negative things that occur in everyday life; in this sense, the law is typically formulated as some variant of "If anything can go wrong, it will, and it will happen at the worst possible time".

Murphy's law is sometimes strengthened, as Finagle's law. The comparative of Murphy's law then is: If anything can go even worse, it will go even worse. Or more comprehensive, as: "Whatever can go wrong will go wrong, and at the worst possible time, in the worst possible way."

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Two choices... pay the Taxes to the USSA, the elitist know whats best for you and your money... or apply for citizenship of another country, and renounce the USA and pay ZERO tax. It all depends on the amount of juice and the squeeze....? if you have Mega Millions, its a no brainer, but if you have a few mill, pay the tax and just chill....

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Take a look at: http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States. For 2010 US long term capital gaints is taxed at 0% if your ordinary income tax rate is 15% or less. You may be able to cash in and still not pay tax. Bottom line, talk to a tax specialist because everyone's situation is different and don't put yourself in harms way for a tax audit and jail.

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Best bit is to take a cruise to one of the islands and visit a bank at one of the island landings. Take one bill to start and see if you can find a very nice banker. He most likely will set you up nicely with an account. You might even change for US $$$ and if over 10K split up with a family you took with you.

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I don't care what the tax rate is...you'd better pay it...and call it good. Phoenix is giving some really good advice and if you would listen, I think you will be much better off. The way to look at it, given this opportunity to make money...think I''d write Uncle Sam a check, First, and take the rest in a safe, simple investment (Bank CD, etc...) after I pay all my bills, and say a prayer of thanks daily for being given the opportunity...and I'll be on this side of the bars enjoying my $$$, while you are wishing you'd listened to Pheonix...(Remember a Fool and His Money...are soon parted)

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Hellooooooooo folks if you dont think the IRS is not monitoring this site and all the other dinar sites? I have news for all of you.

Get real and pay your taxes. Believe me your family is going to feel terrible while you are in prison and they are enjoying your wealth.

I know it is not fair and we are going to get hard by the IRS. But that is life.

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Best bit is to take a cruise to one of the islands and visit a bank at one of the island landings. Take one bill to start and see if you can find a very nice banker. He most likely will set you up nicely with an account. You might even change for US $$$ and if over 10K split up with a family you took with you.

that would be considered money laundering i believe....i would not do it...talk to a tax attorney, pay your taxes...not worth going to jail over

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