Post by mslo79 on Jul 19, 2019 5:34:08 GMT
It's sitting in what looks like an old ammunition box, LOL. That's what I told him to do. He's elderly himself and the money has already been taxed once. That's actually why his relative just wants him to take it and not report it. Fuck it. Spend it, but not foolishly. Christ, he could still invest some and live off the rest.
She didn't do anything wrong. You're allowed to keep as much cash in your house as you want. It's her money from income, a pension, SS, bonds, etc. It's already been taxed. The problem is any gifts/inheritance of cash over a certain amount gets taxed again. She doesn't want that to happen, but he's scared of exactly what you mentioned (tax evasion).
She didn't do anything wrong. You're allowed to keep as much cash in your house as you want. It's her money from income, a pension, SS, bonds, etc. It's already been taxed. The problem is any gifts/inheritance of cash over a certain amount gets taxed again. She doesn't want that to happen, but he's scared of exactly what you mentioned (tax evasion).
Put it this way... if it's cash laying around in a house, I doubt the gov would know about it. hence, just keep it on the down-low and spend a little here and there in smaller amounts as it will make that persons life a little easier for a little while and if you don't buy anything large I doubt anyone would even notice.
so as long as those who know about it are not stupid and stay quiet, you should have no trouble
; besides I am sure there are plenty of people with this mindset as the gov already screws the average person over enough as it is. no need to give them any more $ than absolutely necessary.p.s. or put it this way... if they got brought to trail over that crap there is no way in hell I would convict them if I was on a jury as long as they are the average person and not some shady person etc. hell, even if I was not particularly a fan of that person I would still likely opt to let them go just because I say screw giving the gov any more $ as they largely waste it anyways. because as that saying goes... when it's someone else money they tend to waste it vs if it's their own money they are spending. so basically a random person spending $14k will be better spent than the gov spending $14k.
rachelcarson1953
But an individual with no criminal background, happening onto a windfall stash... if he got caught, and I was on the jury, I would vote 'not guilty'.
100% agreed!
because as a general rule for me... the less tax on people the better, especially for people who ain't making all that much to begin with. say something like middle class (say the mid-to-lower side of the middle class) and lower as these people should have minimal taxes. one tax I hate is property tax as it's like your basically renting your land from the gov which is BS as once you buy it, you pay taxes on it once, and that's that. it should be yours outright.