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re: Too much money to Launder?
Posted on 3/2/22 at 11:06 pm to Havoc
Posted on 3/2/22 at 11:06 pm to Havoc
You could probably spend 40-50k on gas and high end groceries in a year. You could launder a million dollars over 20 years that way without too much risk. Any more than that and you'd attract IRS attention. They have economists who estimate what kind of lifestyle you can afford on a stated income.
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
3
Posted on 3/2/22 at 11:17 pm to Jim Rockford
quote:
You could probably spend 40-50k on gas and high end groceries in a year. You could launder a million dollars over 20 years that way without too much risk.
That’s kinda the starting point just curious as to other possibilities.
quote:
Any more than that and you'd attract IRS attention. They have economists who estimate what kind of lifestyle you can afford on a stated income.
Yeah but if you’re not “on the radar” they wouldn’t be going through your pantry and closets.
quote:
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
Seems like an excellent idea.
Posted on 3/3/22 at 7:50 am to Jim Rockford
quote:
You could probably spend 40-50k on gas and high end groceries in a year. You could launder a million dollars over 20 years that way
That's not laundering money, it's spending it. Every time we have one of these threads it's pretty clear most people don't understand the concept.
Posted on 3/3/22 at 8:37 am to Jim Rockford
quote:
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
I have no idea of the law on these matters, but logic would tell me it had better be on land that you own.
Found money can be a strange deal... It sounds like a Simple Plan but...
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