20 sats \ 3 replies \ @siggy47 OP 1 Mar \ parent \ on: NYCB- Nothing To See Here Again econ
Thanks for posting. You raise two great points:
  1. 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.
  2. The 10k limit. The law exists as if 45 years of currency debasement never happened.
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87 sats \ 0 replies \ @justBrian 1 Mar freebie
imagine item 2 in just 10 more years at this rate 😬
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162 sats \ 0 replies \ @freetx 1 Mar
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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76 sats \ 0 replies \ @Bell_curve 14 Mar
Bank secrecy act, 1970
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