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re: Teen finds $135,000 dollars, stupidly turns it into the police

Posted on 5/9/20 at 10:33 am to
Posted by Ed Osteen
Member since Oct 2007
59352 posts
Posted on 5/9/20 at 10:33 am to
Just curious, but what happens if you report finding 135k to the IRS? You pay taxes on it and get investigated? And if they prove you actually found it and can’t find who it belongs to, you get to keep it? Not exactly sure on the protocol for truthfully finding a hundred thousand
Posted by Powerman
Member since Jan 2004
175706 posts
Posted on 5/9/20 at 10:35 am to
quote:

Just curious, but what happens if you report finding 135k to the IRS? You pay taxes on it and get investigated? And if they prove you actually found it and can’t find who it belongs to, you get to keep it? Not exactly sure on the protocol for truthfully finding a hundred thousand


Honestly I'm not sure. But you couldn't just go deposit this type of money into your account without consequence

If you told the IRS in advance that you found it and declared it I'm not sure what they would do. Presumably there would be some investigation or they might ask you to turn it into someone.

Posted by Alabama Slim
Team Massie
Member since Jul 2007
10666 posts
Posted on 5/9/20 at 10:36 am to
quote:

What a moron. We're about to be in the hugest economic downturn since the great depression and possibly worse than that and you don't keep this? 


He would have been in jail in less than 8 hours
Posted by Powerman
Member since Jan 2004
175706 posts
Posted on 5/9/20 at 10:41 am to
quote:


He would have been in jail in less than 8 hours

No shite
Posted by FCP
Delta State Univ. - Fightin' Okra
Member since Sep 2010
5216 posts
Posted on 5/9/20 at 10:42 am to
quote:

Turned in $155k, police report it was $135k
Plot twist: Teen finds $250k, turns in $155k, police report $135k.

He’s got a future in civil asset forfeiture AKA law enforcement, for sure.
Posted by Sun God
Member since Jul 2009
52912 posts
Posted on 5/9/20 at 10:42 am to
I’ve rarely seen a poster come full circle in a 5 page thread

Nice work
Posted by Clames
Member since Oct 2010
19996 posts
Posted on 5/9/20 at 10:42 am to
quote:

Caught him doing what exactly?

Taking money that someone left on the groun?




Theft, it's still theft. You being so stupid as to not understand that really explains so many of your posts.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/9/20 at 10:46 am to
quote:

think fear of jail would be the more appropriate incentive


for lower level thinkers, perhaps.
Posted by Powerman
Member since Jan 2004
175706 posts
Posted on 5/9/20 at 10:53 am to
quote:

I’ve rarely seen a poster come full circle in a 5 page thread

Nice work

You've never seen someone make an obvious joke thread that is only not obvious to complete morons?
Posted by LCLa
Member since Apr 2017
4722 posts
Posted on 5/9/20 at 10:59 am to
How did he turn money into police? Is he magic?
Posted by Powerman
Member since Jan 2004
175706 posts
Posted on 5/9/20 at 10:59 am to
quote:

How did he turn money into police? Is he magic?



If he is that would be the worst magic trick of all time
Posted by AUCE05
Member since Dec 2009
45428 posts
Posted on 5/9/20 at 11:16 am to
is it stealing if you find something on the ground?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37612 posts
Posted on 5/9/20 at 11:27 am to
quote:

is it stealing if you find something on the ground?


Do you think the whole finders keepers thing only applies to money? Or anything you "find"? Let's say you find an unlocked bike... do you just take that too? A lawnmower sitting near the street... are you wheeling that find off as well?
This post was edited on 5/9/20 at 11:29 am
Posted by Ancient Astronaut
Member since May 2015
37425 posts
Posted on 5/9/20 at 11:32 am to
You realize he would have went to jail if he did the opposite?
Posted by Ancient Astronaut
Member since May 2015
37425 posts
Posted on 5/9/20 at 11:33 am to
quote:

I’m curious what the legalities are if he didn’t turn the cash in but they found him. Is he under any Legal obligation to return i


Yes, it would be a misappropriation of funds aka theft.
Posted by AUCE05
Member since Dec 2009
45428 posts
Posted on 5/9/20 at 11:35 am to
No. I am generally asking the question related to local laws.
Posted by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 5/9/20 at 11:37 am to
quote:

You've never seen someone make an obvious joke thread that is only not obvious to complete morons?


If you’re the only one around you that knows that your jokes are jokes, then you need to stop telling jokes...

Or stop pretending that crappy opinions are jokes
Posted by Cracker
in a box
Member since Nov 2009
19320 posts
Posted on 5/9/20 at 11:39 am to
Oh hell no you are silly you start a go fund me and he will get 500k once the news hits
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37612 posts
Posted on 5/9/20 at 11:40 am to
quote:

No. I am generally asking the question related to local laws.


I think that generally the way laws work is if you take something that isn't yours it's theft.

Also, has no one seen No Country For Old Men?
This post was edited on 5/9/20 at 11:41 am
Posted by Eternally Undefeated
Member since Aug 2008
935 posts
Posted on 5/9/20 at 11:48 am to
You must the type of person who - finding a million dollars accidentally/incorrectly deposited into his bank account - feels you have the right to spend it all without recourse because it was "their mistake, not mine."
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