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To: JD86

Buried in the more than 300 pages of the new law is a provision that "any person engaged in a trade or business" has to file a government report if a customer spends $10,000 or more in cash.

If you can give me one example I may agree with you.

JUST ONE? --- How about this. I am an Artist, I paint and make scuptures. I have a local storefront where I sell my wares. A local patron comes into my stores and wishes to buy my Art for $15,000 in cash. I am engaged in a business, but it is local only. I have no catalog, no advertisment, and no website furthering or advertising my Art outside my local community.

Being forced to report this transaction, other than legally reporting the income, is a violation of the 4th Amendment. Your thoughts?

192 posted on 11/24/2001 7:51:03 AM PST by TheOtherOne
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To: VA Advogado
ping
193 posted on 11/24/2001 8:00:48 AM PST by JD86
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To: TheOtherOne
Being forced to report this transaction, other than legally reporting the income, is a violation of the 4th Amendment. Your thoughts?

First, that you are multi-talented..I thought you were a lawyer. But I will assume you are using the "I am an artist" as a hypothetical. And I will also assume for this hypothetical that 100% of your supplies are local and that you never bill through the mail or ship anything "home" for tourists who buy in your store...all things that would be considered interstate commerce.

But for your hypo, I will consider that your business is truly local. Given your local hypo would you consider any reporting a violation of the 4th Amendment, like a recording of sales tax...or some other administrative legal requirement? And I guess my most relevant question would be: If you really intended to report all your cash income, why would it bother you to say you got one lump sum of over $10,000? Is this truly more invasive than filing quarterly income tax estimates? I think not. Comments?

207 posted on 11/24/2001 8:25:08 AM PST by JD86
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