Uncle Sam wants you... to explain this $50 cash deposit

arstechnica.com ^ | 4/27/2005 | Hannibal

[PreciousLiberty]

In 2006, it'll be a whole lot harder to cheat on your taxes, even accidentally. In fact, you'll also have to field calls from the government over odd deposits that you make, e.g. a deposit at an odd time of the month, or a cash deposit, or a deposit made from a foreign bank, etc. That's because, thanks to the PATRIOT act, banks are spending billions on highly sophisticated, government-mandated anti-money laundering (AML) software that will track every last transaction of every last customer in order to build up individual customer profiles and look for "suspicious" activity. And when they find some suspicious activity, they're going to want an explanation out of you, regardless of whether or not you fit any sort of terrorist profile.

[Allosaurs_r_us]

If you can divide the date by two and not have a remainder, then that date is even. If not, it's odd. I do so hope that helps.

 

Heh, heh.......'splains it to me. LOL

[Mr. Silverback]

Yeah, the ACLU ran these ads last fall, showing "ordinary American" types all worried that the PATRIOT Act would allow the feds to come into "my house," and they said the Act would be renewed "without debate, without review." For some reason, the Left is desperate to make Americans believe we're under some sort of fascist regime (I love the photos of the lefty rent-a-mobs carrying the "we don't have free speech anymore" signs) and the PATRIOT Act is their favorite ruse. They'll tell you all the nasty things the feds can do...but not mention that they could already do it and that they can only do it with a proper warrant. They'll even pretend (as they did in the aforementioned ad) that there's no Congressional oversight, that in september of '01 Congress just said, "What, you want to be the Fuehrer? Okey-dokey!"

And Freepers take the bait, without even considering what the real world implications are.

[A. Pole]

Your were lucky the local Police Department did not know about it when you were on your way to the bank. Such amount of cash surely had some traces of drug and your money would be lawfully forfeited!

[MediaMole]

BAD

Good

[Mr. Silverback]

The Patriot Act does nothing to stop terrorism. I think it was designed so the government can monitor ordinary Americans and increase its own power.

So...the act's provisions have not been used to capture any terrorists living in the U.S.?

[G.Mason]

"Hyperbole."

FWIW ... I agree. Much ta do bout nothin. ;)

[Mr. Silverback]

The NRST advocates haven't mentioned how they are going to get the states to actually repeal the 16th. Any NRST with repealing the 16th is simply stupid stupid stupid stupid as we will have 30% income tax and 20% nrst before long, british-style.

Actually, after hearing a spokesperson from Fair Tax on Vickie McKenna's show in Madison, I was under the impression that a NRST Amendment would begin with "The 16th Amendment is hereby repealed" or some similar language. Therefore, if the states weren't willing to repeal the income tax, the NRST wouldn't happen.

[MineralMan]

"I am sure you reported the yard sale of your used hair dryer and old dot matrix printer. (Filing the special tax schedule of course)
"

I don't do yard sales. If I have usable items I no longer need, I donate them to Goodwill. And I don't itemize deductions, so I don't even bother with receipts from Goodwill.

A simple life helps keep life simple.

[sauropod]

Review later

[beezdotcom]

If the Feds can only convict 5% of the known criminals, what do you think the chances of you and I even getting scrutinized? This is cryin' wolf!

Well, this isn't really enough info. What was the composition of this 5% result? How many false arrests were mixed in with the valid arrests/convictions? It really doesn't say.

[Allosaurs_r_us]

Well, this isn't really enough info. What was the composition of this 5% result? How many false arrests were mixed in with the valid arrests/convictions? It really doesn't say.

 

The author is from the Wall Street Journal. You have to pay real money to read their rag online, but if you want to research more on it, that's where it came from. I, myself refuse to pay anyone to read information.

[gregwest]

No surprise. You can hammer away at so-called "conspiracy buffs" all you want. It's only a "conspiracy" if it's a secret. The monied and liberal elites have been saying for years where they're headed:

"The Technocratic Age is slowly designing an every day more controlled society. The society will be dominated by an elite of persons free from traditional values (!) who will have no doubt in fulfilling their objectives by means of purged techniques with which they will influence the behavior of people and will control and watch the society in all details". "... it will become possible to exert a practically permanent watch on each citizen of the world".

- Zbigniew Brzezinski - (Co-founder, Trilateral Commission)

[Shermy]

"And here I thought the PATRIOT Act was only to be used to pursue terrorists"

You were misinformed. So were we all.

[Bald Eagle777]

The year 1913 was an unmitigated disaster for all true Americans. The income tax never should have seen the light of day.

The fact that taxes would be higher in the Republic than under the British King would be anathema to our Founding Fathers.

Take a look at the Colonial tax rates (vis a vis what we have now) and you will see what I am talking about.

[beezdotcom]

The author is from the Wall Street Journal. You have to pay real money to read their rag online, but if you want to research more on it, that's where it came from. I, myself refuse to pay anyone to read information.

Yeah, I hear you.

Meanwhile, this source indicates that in 2001, 13 million currency transaction reports were filed, and 1.5 million were at some point identified in the course of a criminal investigation. That sounds like a lot of hits that turned out to be nothing. Maybe the right thing happened in every case, and nobody got needlessly harassed. Still, I'll keep checking...

[Mr Ramsbotham]

No chance that this is real.

I'd be more inclined to credit it if they would be kind enough to quote the particular provision of the Patriot Act that would apply.

[Bald Eagle777]

That would have ruined my day.

[A. Pole]

"The Technocratic Age is slowly designing an every day more controlled society. The society will be dominated by an elite of persons free from traditional values (!) who will have no doubt in fulfilling their objectives by means of purged techniques with which they will influence the behavior of people and will control and watch the society in all details". "... it will become possible to exert a practically permanent watch on each citizen of the world".

- Zbigniew Brzezinski - (Co-founder, Trilateral Commission)

Wasn't it in Orwell's 1984? BTW, it is fishy how quickly Orwell died after writting his last book (from sudden onset of rare type of tuberculosis)?