To: Smogger
It's cumulative...like in one day. For instance, using the example in the article. Buying something for $4,000, paying cash...something for $4,000 and something for $4,000. Three purchases, each under the radar if made separately...but three made in the same store, same day...counts as over $10,000 in cash purchases.
43 posted on
11/23/2001 5:41:03 PM PST by
JD86
To: JD86
This actually scares me a little more:
Making a series of transactions just below the $10,000 filing threshold is also illegal under the new law if it's done to keep a business from contacting the government
hehehehe... It's AGAINST the LAW to attempt to conceal your activities from us.
44 posted on
11/23/2001 5:45:13 PM PST by
Smogger
To: JD86
It's cumulative...like in one day. Who says one day? The article? The law? My impression is that it could be cumulative over one week. One month? One year?
I don't think it would do much good if it was only cumulative for one day. Tax evaders (er.. I mean terrorist) would simply spread their purchases out over a week.. month.. etc...
45 posted on
11/23/2001 5:47:40 PM PST by
Smogger
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