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20 sats \ 3 replies \ @siggy47 OP 1 Mar 2024 freebie \ parent \ on: NYCB- Nothing To See Here Again econ
Thanks for posting. You raise two great points:
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The structuring bullshit. I dealt with this as a criminal defense lawyer. Classic catch 22. The government has you either way if they want you. My clients had no good options but the mattress.
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The 10k limit. The law exists as if 45 years of currency debasement never happened.
imagine item 2 in just 10 more years at this rate 😬
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10k
Yeah, like when they passed Income Tax in 1913. They got it thru because the bracket started at $20K - which would be something like $600K today.
They've essentially never really adjusted the brackets all that much but allowed inflation to do their dirty work.
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Bank secrecy act, 1970
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