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To: JD86
You missed the part about structuring transactions to avoid the reporting requirement. If the clerk thinks you are buying in less than 10k increments to avoid the law he can turn you in. Buy a $6,000 projection TV this week and come back next month and buy an $8,000 DVD and sound system and he can report you.

The idea that we should deprive all people of the right to purchase items with cash is the same type of thinking that says we should do away with the right to own and carry guns because some people do bad things with guns.

371 posted on 11/25/2001 7:27:25 AM PST by SUSSA
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To: SUSSA
You missed the part about structuring transactions to avoid the reporting requirement. If the clerk thinks you are buying in less than 10k increments to avoid the law he can turn you in. Buy a $6,000 projection TV this week and come back next month and buy an $8,000 DVD and sound system and he can report you.

"receives more than $10,000 in coins or currency in 1 transaction (or 2 or more related transactions)" emphasis mine
Personally, I don't know any clerks who would think purchases made a month apart were "related transactions" under this law....but I guess if you really pissed the clerk off, he could technically use this law against you....since I don't know how you treat clerks, I will grant you might be in danger.

The idea that we should deprive all people of the right to purchase items with cash is the same type of thinking that says we should do away with the right to own and carry guns because some people do bad things with guns.

Congratulations! You are the first person to link this law to a violation of the Second Amendment. Now we are assured this thread will get another 300 hits.
And before anyone flames me on that comment, please note my car has a bumper sticker that says Armed Men are Citizens Unarmed Men are Subjects.

372 posted on 11/25/2001 7:44:50 AM PST by JD86
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