Remove it from the original suitcase first. I've seen No Country for Old Men.
post

breaking bad actually explained it pretty well
So in the US, if you win a significant amount at a casino, you get a 1099. Because gambling earnings are taxed.
Theoretically you'd lose more than you'd win.
I mean, if you look at it like "I'm going into this casino to lose this money. The money I'm going to lose is the payment for hanging out in a room with lots of blinking lights, free well drinks and a guy in a vest, because that's my kind of place"...sure. Maybe avoid writing those gambling losses off of your taxes.
If this was on the side of a snowy road by a barb wire fence, I’d just put it right back & carry on driving away from Fargo…
Lots of crooks just spend it on the black market. Hookers and blow. All cash, no receipts. No audits.
Put your regular income into savings to save for a mortgage, debt paydown, and mutual aid and other big purchases. You now have 750k for daily expenses and fun money for the next half of your life.
Depends who we’re afraid of here. Are we afraid of whoever lost the suitcase full of money, or the government, or both?
I’d assume whoever ditched a suitcase of money is a criminal, and unlikely to report it as lost with the serial numbers of the banknotes.
In that case I’d just use it for some day-to-day stuff, small luxuries, and whatever crap I want on Facebook marketplace that doesn’t need to be registered.
If I was convinced these banknotes came from a bank robbery or something of the sort, I think I’d only use it at somewhat sketchy looking flea markets / swap meets, and on holiday in foreign countries. But in that case it would be very hard to ever use all of it without trying to get a suspicious amount of cash through TSA and past customs.
Depends who we’re afraid of here. Are we afraid of whoever lost the suitcase full of money, or the government, or both?
I don't think suitcases full of money come with instructions on who you've offended by taking them. Figuring this out is the point of the thought experiment.
I'm too poor to understand why this would be difficult
Just stuff it with IOUs. It'll be fine. Saw it in a movie once.
Money could be traced. Either ID, or suitcase is bugged, or someone has been watching.
I'm not knowledgeable enough to know exactly how this could work, but I think the first step would be to register a business or five in Nevis. Maybe a "consulting business".
I'm sure there's a way to do it, rich people launder money all the time.
Is that a Sync for Reddit screenshot?
RIP Reddit.
First thing I'd do is quickly acquire $750k of counterfeit bills from the dark web and then place the bag with the counterfeit bills back where I found it. Hopefully before anyone notices it's gone. I've seen too many movies to know how this ends.
My husband's into the One Piece TCG. There's some pretty significant money exchanging hands in that scene, so it should be fairly easy to launder that kind of money by buying cards in cash and selling them on Cardmarket (thus paying taxes on them). Just last week he was part of a deal where a card was sold for 26k in cash and nobody was phased by it haha
$750,000 is a lot of money. I have a job that pays me well, and maintaining my legal, safe lifestyle is worth more to me than getting away with more money.
I would search for anything that helps identify the owner, and failing that, confirm my idea with a lawyer. My understanding is that in my state, I have to give the money to the police for 60 days. If the owner fails to claim it, it legally becomes mine, and I have to pay income taxes on it. That'll make a mess of my tax filings for the year (suddenly I don't qualify for Roth IRA, for example) but I don't place myself in any legal danger.
It's a boring answer, but I'd much rather have a boring $440,000 than an exciting $750,000 and a constant threat looming over me.
Most police would just seize the money saying they suspect it was used in a crime. Why would they let some rando have it if it could buy the office a new MRAP?
That's why you try to do it with a lawyer, but they'll still steal it anyway.
The problem is that the charges are against the property itself, and it's a civil not a criminal charge. So the police only have to meet a minimal standard that there is probable cause. This could be as simple as claiming the only reason someone wouldn't be actively seeking that large amount of money through legal means would be that the money was involved with or acquired through illegal means.
If the police did seize the money, it would at least be tied up in court for years with extended legal expenses. Personally I would rather take my chances on laundering the money or an extended period of time.
If you're American, that'd be ≤$210 000 for the US government, including the military, ICE, and the US prison-industrial complex.
Let he who does not indirectly contribute to the military industrial complex cast the first stone
Who's casting stones? I'm giving my opinion to wt:thons reply to a hypothetical situation.
Thon says that thon is doing alright, so this $750 000 is a choice that might take a relatively short time to figure out: for some a few days, for others, a little longer, and for some a few minutes.
IMO there are at least 2 moral questions here.
Is this a case of some decent person somehow losing $750 000?
Should one report it, and while it might go to a decent person, it also might be returned to a bank or some similar or worse, and if unclaimed, ≤$210 000 goes to a government presided by Trump; or does one not report it maybe spend $37 500 of cash every year for the next 20 years?
I'd suddenly start doing my laundry more.
You could say I'm laundering it.
Make a deal with a rich person to buy a painting of yours for 740 k, and then you hand them the 750 k in cash. You now have 740 k in clean money, and they made 10 k in profit. Presumably some wealthy people can take on 750,000 in cash and laundry it through their businesses
Now you have an accomplice that can ruin you, intentionally or not.
Money laundering works by mixing illegitimate money into a legitimate business and paying taxes on it. Most of that would be taxed at 35%, they would pay around $260,000 in taxes. Might want to pay them more than $10,000.
Why would the rich person do this? A small profit in exchange for being involved in something weird and shady.
That sounds like what rich people do. From reports I've heard rich people often do weird and shady shit to make a small profit. Even shit like steal a dollar bill out of a tip jar. Barely an exaggeration
You get a friend to paint a painting and then buy it from them for 750k.
But that doesn't accomplish anything, because you'd still have to be able to show where you got the 750k you paid them with.
all 51 comments