[mabelkitty]

Actually, the $5,000 reporting requirement is two-fold.

Cuts down on money laundering and makes rax reporting more honest.

If you want large stashes of cash around, but don't want the government to know about it, then you have something else going on entirely.

Otherwise, if it is part of a corporation that you operate, you shouldn't have a problem with it.

If you do, then keep it under your mattress.

You don't have a "right" to be protected from having the government find out if your wealth of cash is drug related or not.

[m1911]

Amendment IV

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.



I don't see anything about a warrant for my papers in the PATRIOT banking acts. Read the Bill of Rights before you spout.

[Alberta's Child]

The government could eliminate money laundering tomorrow by changing the color of U.S. currency every couple of years. Stuffing money into a cache in the basement isn't going to do Tony Soprano any good if he has to exchange it at the bank every two years anyway.