Quote:
Originally Posted by L-Pink
I guess I'm an idiot. But not as big an idiot as someone actually taking a personal check from a stranger. Bank checks can also be fake or have the payment stopped. Also if you are one of several people looking at a car/motorcycle/boat and have cash in hand, guess who gets the best price and the vehicle right then?
As far as having a large amount of cash on hand anyone smart has a certain part of their net worth immediately available. It's disgusting to think my legally obtained after tax money automatically makes me a criminal.
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Your no dummy!
I think people are not putting things into perspective.
I have picked up some serious production equipment in the past. Cash was the only form of payment. Picked up a bunch grip and gear at a fire sale. Had 30K cash. Was able to pick up and flip for profit and gear really quick.
The difference between my cash and some else's cash that may get stolen by cops is; My cash is traceable income and taxes where paid on it. Cops catch you with illegal drugs of any sort and large sums of cash, the chances are the cash was obtained through illegal means. If its not traceable income and there has been no taxes paid on it you are gonna be fucked.
This is the rub: You get over 10K+ taken from you and you cannot prove you earned it, you will also get banged up for tax evasion. "Al Capone."
I know a friend of mine a while back that got into serious trouble with serious charges brought against him. In his situation, all the hardcore charges were beaten except for tax evasion and mail fraud. Both happened to have serious teeth come penalty time.
Had another friend that had just over 300K in cash in his house. His attorney advised "against" claiming his money, because he couldn't justify the income. Claiming the money would have given him a few extra charges that he couldn't beat in court. How fucked up is that???
So im guessing these cops steal from people who they feel are drug dealers or crooks of some type. The cops catch people with drug evidence, large amounts of unexplainable cash, keep it all, knowing nobody wants to pay attorneys+court fees with the possibly of getting into serious trouble through a legal battle.
Lame!!
Just Dave