Spitzer stepped on too many toes in wall street.
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Large cash purchases
- Thread starter Puffaluffagus
- Start date
Bring along an older woman and man, who are your "parents", and have them contribute to the purchase with personal checks...
To me the secret would be having a few legit friends take cash in exchange for using some of their well laundered.. errr... I mean taxed money, for this totally above board purchase.
Kinda like how the dirt bags around here give you a percentage when you buy them booze or cigarettes in exchange for some of that food stamp money... you know $120 of food for $100 worth of cigarettes. Ill give you $7000 grand cash for a $6500 contribution to my boat purchase or whatever.
To me the secret would be having a few legit friends take cash in exchange for using some of their well laundered.. errr... I mean taxed money, for this totally above board purchase.
Kinda like how the dirt bags around here give you a percentage when you buy them booze or cigarettes in exchange for some of that food stamp money... you know $120 of food for $100 worth of cigarettes. Ill give you $7000 grand cash for a $6500 contribution to my boat purchase or whatever.
I have heard that you can buy and sell things like artwork. It has unpredictable appreciation rates. Many an artist will take low cash in hand in a purchase and the next sale can be exponentially higher. Especially when it is dealt in a different country. Kind of hard to prove how much you paid the starving artist for the work. It could be thousands or as much as $20!
RM - aquagrower
Active member
Real estate even has rules on who is alowed to "gift" you down payment money. Must be mother/father/brother/sister. No exceptions.
there are some interesting businesses that do large cash transactions with low tracing
example, the commercial produce industry, i.e. fruits and vegetables, and produce sales as a rule are not taxed
and large cash transfers are the rule
the down side is various mob/criminal enterprises like that kind of setup
so good health/life insurance is a good idea if venturing into such waters
example, the commercial produce industry, i.e. fruits and vegetables, and produce sales as a rule are not taxed
and large cash transfers are the rule
the down side is various mob/criminal enterprises like that kind of setup
so good health/life insurance is a good idea if venturing into such waters
S
SooperSmurph
Gamble.
Unfortunately it takes time, skill, patience, etc, but like many before me, i've managed to legally report every last penny of my income to the IRS through creative use of Casinos.
Did I end up paying way more in taxes than I would have on wages? Yep, but I have a paper trail for every cent I want to spend.
Unfortunately it takes time, skill, patience, etc, but like many before me, i've managed to legally report every last penny of my income to the IRS through creative use of Casinos.
Did I end up paying way more in taxes than I would have on wages? Yep, but I have a paper trail for every cent I want to spend.
If you get a couple art dealers together they could work out deals where they take turns buying art and increasing the value every time it gets sold.
Art dealer one gets a painting for a claimed price of $5000 from the artist.
Art dealer two, a personal friend unloads $25,000 to Art Dealer one for the painting.
Art dealer one deposits the proceeds of a legitimate sale and in taxes reduces by the $5000 spent.
Art dealer two buys a painting for $3000. Art Dealer One buys the painting for $30000.
This is just art, and that can be anything really. And more than two art dealers buying from each other makes it even better. Say 6 dealers in 4 different countries.
Art dealer one gets a painting for a claimed price of $5000 from the artist.
Art dealer two, a personal friend unloads $25,000 to Art Dealer one for the painting.
Art dealer one deposits the proceeds of a legitimate sale and in taxes reduces by the $5000 spent.
Art dealer two buys a painting for $3000. Art Dealer One buys the painting for $30000.
This is just art, and that can be anything really. And more than two art dealers buying from each other makes it even better. Say 6 dealers in 4 different countries.
Interesting thread....I've thought of casino's but the learning curve can cost you a buttload of money...lol...now Art (or collectibles) sounds like a plan.
S
SooperSmurph
The Buy-Sell industry is full of large cash gains that came from relative nothings, you would just need to do a bit of research as to the nature of this industry in your area, whether it's limited to Pawn type establishments or roving pickers or what have you, a few handwritten receipts and a couple friendly stories later and you're ready to file your taxes.
I have made purchases over 5k and close to 10k in cash. I have never been contacted but I personally dont know if I have been investigated.
I dropped 4k at a local homedept like store and the manager looked at me suspiciously opening the safe and putting the money away while the younger checkout girl smiled at me.
I do know of people getting busted from large cash purchases at grow stores, you gotta be careful.
"Uncle sam" wants "his cut"
I dropped 4k at a local homedept like store and the manager looked at me suspiciously opening the safe and putting the money away while the younger checkout girl smiled at me.
I do know of people getting busted from large cash purchases at grow stores, you gotta be careful.
"Uncle sam" wants "his cut"
RomulusUSA
Member
I think *they* really want warm bodies in private prisons... Taxes aren't profitable enough for Wall Street.
