[Bronco_Buster_FweetHyagh]

Apples and Oranges. Driving right under the speed limit isn't trying to "skirt" the speed limit. However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention.

[Sloth]

However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention.

I admit that I often withdraw $40 from my bank account in order to avoid government attention.

[ArGee]

However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention.

And this is a problem, why?????

I'll have you know that I deliberately avoid looking for every possible tax reduction that I can get. I don't avoid the ones I know about, but I don't look into every rumor or possibility I hear. Why? BECAUSE I'D RATHER NOT BE AUDITED. Cowardly, I know, but I don't want the government attention. People have told me that if you aren't audited at least once every three years, you're paying too much in taxes. But I have decided it's worth the cost.

So, please explain to me why my behavior would bother you.

Shalom.

[Lazamataz]

I admit that I often withdraw $40 from my bank account in order to avoid government attention.

CRIMINAL! You are STRUCTURING your withdrawals. TO PRISON WITH YOU!

[BobbyK]

However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention.

I say it's none of my business, I've known about THE limit on withdraws along time, done it myself, how many times? none of your business!

[Junior]

Or it's a clear indication that neither the person nor the bank really wanted the hassle of the required paperwork. I'll admit, if I had to withdraw more than $10 grand, I'd do it in lots of less than that amount in order to avoid the hassles.

And, it's perfectly legal.

[Old Professer]

I don't know about you, but the less attention I get from the government the better I feel.

[Darlin']

"However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention. "

I guess you weren't listening to your "personal hero" yesterday and his explanation of this trumped up story by ABC News. Guess you also didn't read any of the 3 or 4 threads here on FR devoted to this subject. If you're going to criticize based on reports from leftist press, please try to keep up. Here is a clue, it wasn't 30-40 times, not even close.

[Political Junkie Too]

The question is, what is the definition of a "limit?" If the limit is $10,000, then why would the feds investigate transactions of $9,900? Why not just make the limit $9,900, or would they then investigate withdrawals of $9,800 and so on and on?

There are similar limits for corporations reporting stock purchases. Corporations have to report purchases over something like 5% of total outstanding stock in order to inform others of potential takeovers. However, corporations can structure the purchases so that they exceed the limit in one chunck that puts them way over the limit. For example, see how Pennzoil structured their purchases of Chevron stock after winning a large settlement from Texaco. Chevron thought that Pennzoil was attempting a takeover because of the way they structured the purchase, which was legal but was intended to maximize their purchase before triggering the reporting limit.

So, when is a limit a limit?

-PJ

[myself6]

So f@#$ing what!

Lets assume that he was trying to skirt "government attention" (not that he was but for arguments sake)

Who the f#&$ do these people think they are (and who the FU*& do you think you are) that think not wanting government attention is a BAD thing?!

LIMITED government is a necessary evil. BIG government is PURE evil. Look at how far you have been drug down. You are ACTUALLY arguing that someone is possibly a criminal because they were withdrawing their OWN money from a bank without notifying the f@#%ing government. If I had as much money as Rush I would do the same damn thing just out of principle. Just my way of flipping the government the bird.

[bobsatwork]

"...the intent of avoiding government attention" When that becomes a crime, I will leave the country.

[Born Conservative]

I take out the same amount of cash each week; does this mean I am "structuring"?

[Igraine]

What's wrong with avoiding government attention?

[glaia]

Um, it was a joke. The speed limit thing. A joke. It was sarcastic...illustrating an absurdity. That's what makes it funny. The apples and oranges thing. You see, the concept of humor is...oh, never mind.

[chiller]

..talk about apples and oranges...you don't even know which is which. Speeding is illegal. Withdrawing money from your account is completely legal.

[Schwaeky]

However, withdrawing $9,900 so that you don't show up on the Fed's radar (and doing it 30-40 times) is a clear pattern of doing something with the intent of avoiding government attention.

I don't see the big deal with withdrawing cash in ANY ammount from a bank account. Sure depositing large volumes of cash could indicate money laundering, but withdrawing legally gotten gains in any ammount, over or under any certain amount, should not be an issue. I think this is a witchhunt at this point, and we need to start asking ourselves the motives of powers that be behind this. It is nothing but a poorly veiled attempt to further malign a man who has, far from doing anything wrong legally (outside of the drug thing--for which he has gotten help for), has been an advocate for obeying the law and taking responsibility for one's own actions. If the money is legally gained and deposited there, then there should be in no way any government attention to withdrawls in any amount. If it was legally gained--taxes were ALREADY paid on it, so its nobody's business what he got out that was his. they're grasping at straws.... like w/ Al Capone.