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re: What would you do if you found $50 million: Serious Edition
Posted on 4/10/09 at 2:28 pm to Zilla
Posted on 4/10/09 at 2:28 pm to Zilla
THIS IS NOT LEGAL ADVICE, JUST A DAYDREAM OF WHAT A BAD PERSON WOULD DO IF HE FOUND MONEY AND DIDN'T DO THE RIGHT THING LIKE TURN IT INTO THE AUTHORITIES.
1. Borrow enough money to buy a bar or restaurant (make sure the restaurant has a bar). You need something that generates cash income. Then, you start slowly funneling the money through the business AND PAY TAXES ON IT. The good thing about a bar is that it is difficult to determine via inventory how much you are supposed to be taking in. You can just say, that you really water down the drinks. Now you are just a very successful restauranteur/bar owner. But you can't get carried away with this.
Other service industries that deal directly with the public can also be used.
Your problem is that if you don't churn the money quick enough, in a few years you will be taking in a lot of "old money" at your business. Most bills only circulate for a few years so if ten years from now you are depositing a stack of 2008 twenties, somebody may notice.
2. Start paying for SOME of your stuff in cash. You don't want to go a whole year without proof that you paid for some gas, restaurant bills, etc on a card.
3. Keep your day job, easier to hide "extra" money if you are still making money.
ETA: You will get caught. $50 mil is too hard to hide. You might could get away with $5mil. Might.
1. Borrow enough money to buy a bar or restaurant (make sure the restaurant has a bar). You need something that generates cash income. Then, you start slowly funneling the money through the business AND PAY TAXES ON IT. The good thing about a bar is that it is difficult to determine via inventory how much you are supposed to be taking in. You can just say, that you really water down the drinks. Now you are just a very successful restauranteur/bar owner. But you can't get carried away with this.
Other service industries that deal directly with the public can also be used.
Your problem is that if you don't churn the money quick enough, in a few years you will be taking in a lot of "old money" at your business. Most bills only circulate for a few years so if ten years from now you are depositing a stack of 2008 twenties, somebody may notice.
2. Start paying for SOME of your stuff in cash. You don't want to go a whole year without proof that you paid for some gas, restaurant bills, etc on a card.
3. Keep your day job, easier to hide "extra" money if you are still making money.
ETA: You will get caught. $50 mil is too hard to hide. You might could get away with $5mil. Might.
This post was edited on 4/10/09 at 2:31 pm
Posted on 4/10/09 at 2:39 pm to TigerDeacon
quote:
Your problem is that if you don't churn the money quick enough, in a few years you will be taking in a lot of "old money" at your business. Most bills only circulate for a few years so if ten years from now you are depositing a stack of 2008 twenties, somebody may notice.
i did not know this
quote:
2. Start paying for SOME of your stuff in cash. You don't want to go a whole year without proof that you paid for some gas, restaurant bills, etc on a card.
this doesn't make sense to me though, how does it prove anything...it would only come to light after you were being investigated...but again, it doesn't prove anything
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