Bringing cash back to the USA from a book has 2 problems. One is you can only bring $10000 into or out of the country in cash. So if you want to bring, let say, $50,000 from your book back to the USA you will have to smuggle it in. And getting caught doing that would mean confiscation and investigation. The other problem is getting that cash back into the banking system so you can use it. That is not too tough though. Just give friends and family members amounts of cash under $5000 to deposit in their bank accounts. And then they give you a check for the same amount, which you slowly deposit the checks into your account.
The above is possibly the worst idea possible, as it establishes criminal tax evasion and circumvention of CTR laws, conspiracy to commit at least two federal crimes (two counts for each person involved), and involves trusting an unspecified by presumably large number of third parties to not fvck you over in the long run.
Additionally, the CTR report is triggered at $ 3,000.00 for physical currency transactions. The $ 10,000.00 limit applies only to wires, cheques and other non-currency transactions. This limit is also being toyed with; numerous attempts to drop it even further than $ 2,500.00 have been put forth. So if you're going to do it anyway, make that limit under $3k, not under $5k as suggested.
Ultimately, there is simply no legal way to do what you are talking about doing, and therefore is no truly safe way to do so. If you are bent on doing it anyway try to not take the easiest route imaginable to get your ass busted -- which, after attempting to smuggle in cash in boxes, has got to be the above mentioned process (it's known as "smurfing".) Before involving people that you care about (despite the fact that this means they are probably more trustworthy than a guy in the street) bear in mind that complicity in a federal crime is itself a federal crime, and you can end up getting them into the shit as well if you get in trouble later.
Phaedrus
Additionally, the CTR report is triggered at $ 3,000.00 for physical currency transactions. The $ 10,000.00 limit applies only to wires, cheques and other non-currency transactions. This limit is also being toyed with; numerous attempts to drop it even further than $ 2,500.00 have been put forth. So if you're going to do it anyway, make that limit under $3k, not under $5k as suggested.
Ultimately, there is simply no legal way to do what you are talking about doing, and therefore is no truly safe way to do so. If you are bent on doing it anyway try to not take the easiest route imaginable to get your ass busted -- which, after attempting to smuggle in cash in boxes, has got to be the above mentioned process (it's known as "smurfing".) Before involving people that you care about (despite the fact that this means they are probably more trustworthy than a guy in the street) bear in mind that complicity in a federal crime is itself a federal crime, and you can end up getting them into the shit as well if you get in trouble later.
Phaedrus
I feel sorry for you Americans having to play cat and mouse with your government like that. You guys are nowhere near as free as your president likes to pretend. With all that money and power as a nation it's sad really. I wonder what Borat has to say about this one? I bet he'd agree with me.
As for the original question, couldn't you just send yourself $9900 per week by check or wire? Or do you need more than that? With smuggling cash keep in mind that there is a little metal strip embedded in $100 bills so that if you are carrying a wad bigger than $10,000 it sets off the metal detectors at security checkpoints.
As for the original question, couldn't you just send yourself $9900 per week by check or wire? Or do you need more than that? With smuggling cash keep in mind that there is a little metal strip embedded in $100 bills so that if you are carrying a wad bigger than $10,000 it sets off the metal detectors at security checkpoints.
sammy the sage,
Where do you need the money for?
If it is not for buying a house why not keep it on an offshore bank account with an ATM card and/or credit card attached to it and use that for your spending.
If you really need that money in the legal circuit, then you can easily get it converted into a cheque in any casino. You will have to play little with it though, but generally not such a big problem. At least this is how I got more than US$10k out of the USA once. Apart from that I did not even want to carry over US$10k in cash with me. The only problem may be though that you then will have to declare it as income tax. How much is the maximum tax rate actually in the USA?
Where do you need the money for?
If it is not for buying a house why not keep it on an offshore bank account with an ATM card and/or credit card attached to it and use that for your spending.
If you really need that money in the legal circuit, then you can easily get it converted into a cheque in any casino. You will have to play little with it though, but generally not such a big problem. At least this is how I got more than US$10k out of the USA once. Apart from that I did not even want to carry over US$10k in cash with me. The only problem may be though that you then will have to declare it as income tax. How much is the maximum tax rate actually in the USA?
These are all very valid questions that most of us luckily never have to worry about because we lose all the time. Is that a good thing? Darryl, you never answered me, are you originally from Hungary? You are of very high intelligence. I see a day coming and that day will be upon us within the next 30 years, and on this day there shall be no more paper money. All transactiions will be on stored value cards and taxes will be paid at point of sale. Then big brother will show you who is boss!
Either you're an outright criminal in which case I could care less about your need to move money, or you just want to become one by running a tax dodge. If you declare your income you can wire it all to yourself right now, fill out the forms and be done with it. You have nothing to hide.
It's too bad you live in a country with income tax and strict laws but as my right-wing friends say, if you don't like it, move to Russia.
It's too bad you live in a country with income tax and strict laws but as my right-wing friends say, if you don't like it, move to Russia.
if i get a check from my book for 5,000 and deposit it into my bank account is that going to trigger a flag? i mean if i got lucky offshore and had a 20,000 balance and was ready to cash in after football how do i get it in my bank account in a discreet way? uncle sam taxes me enough on my 40 hour work week check. i'll be damn if i give them some of my recreational fun money i won fair and square. what would you do?
I'd be honest and report my income, then I could sleep at night and not worry about getting nailed. "recreational fun money" is a nice, imaginary category you've created as part of rationalizing not having to pay taxes. If you think you can beat the IRS and uncle Sam, go ahead and try. I'm not that stupid. The consequences of losing aren't worth it, and that's the bottom line. I didn't write the rules of this game.
Borat,
I didn't notice that you asked this of me before. Maybe I should look over the past threads again. I have this terrible habit of not looking past the first page of the offshore forum. I need to wisen up for this is not good to have questions go unanswered. My apologies...
I was born and raised in Canada, parents are Hungarian, fled in 1956, but I moved to Hungary at the age of 24 (in 1991) and have lived here ever since. My parents are still in Canada and many people ask why I moved from the land of the free to the land of the oppressed. I respond by saying that the tables have turned and now Hungary is one of the beacons of freedom in the world while Canada and the US are quickly becoming lands of oppression.
Your no paper money vision makes sense but I think a major nuclear war will happen before it materializes. On one plane there is a growing group of people in the world who would rather die than bend over for Big Brother. On a parallel plane we are 10 years away from a catastrophic demographic shift in the US. The baby boom generation is at the height of it's career maximizing its contribution to the economy. This is the last generation which has the strong work ethic which has made the US the economic powerhouse it is. They lived through a war and are bent on "rebuliding". They never bothered to look around and say "hey, haven't we rebuilt enough?" because only those with extremely high intelligence use such rationality to guide their lives. Instead they just work, work, work, because that is what is programmed into them.
Their children on the other hand are lazier and less motivated. They are used to always having comfort around them, will get a nice inheritance , and never saw war so they will not see the need to work so hard. Combine that with the baby boomers retiring and placing a huge drain on the economy with their health problems, pension checks and lack of production and you have one big disaster in the works. We will see 5 to 10 years of economic depression followed by world war III. Best way to prepare -- buy commodities like gold, silver, or oil -- the price of those will skyrocket in a world of turmoil.
And BTW thank you for the compliment. You are also one of the few people who have a bird's eye view of things with a mean sense of humor to boot.
I didn't notice that you asked this of me before. Maybe I should look over the past threads again. I have this terrible habit of not looking past the first page of the offshore forum. I need to wisen up for this is not good to have questions go unanswered. My apologies...
I was born and raised in Canada, parents are Hungarian, fled in 1956, but I moved to Hungary at the age of 24 (in 1991) and have lived here ever since. My parents are still in Canada and many people ask why I moved from the land of the free to the land of the oppressed. I respond by saying that the tables have turned and now Hungary is one of the beacons of freedom in the world while Canada and the US are quickly becoming lands of oppression.
Your no paper money vision makes sense but I think a major nuclear war will happen before it materializes. On one plane there is a growing group of people in the world who would rather die than bend over for Big Brother. On a parallel plane we are 10 years away from a catastrophic demographic shift in the US. The baby boom generation is at the height of it's career maximizing its contribution to the economy. This is the last generation which has the strong work ethic which has made the US the economic powerhouse it is. They lived through a war and are bent on "rebuliding". They never bothered to look around and say "hey, haven't we rebuilt enough?" because only those with extremely high intelligence use such rationality to guide their lives. Instead they just work, work, work, because that is what is programmed into them.
Their children on the other hand are lazier and less motivated. They are used to always having comfort around them, will get a nice inheritance , and never saw war so they will not see the need to work so hard. Combine that with the baby boomers retiring and placing a huge drain on the economy with their health problems, pension checks and lack of production and you have one big disaster in the works. We will see 5 to 10 years of economic depression followed by world war III. Best way to prepare -- buy commodities like gold, silver, or oil -- the price of those will skyrocket in a world of turmoil.
And BTW thank you for the compliment. You are also one of the few people who have a bird's eye view of things with a mean sense of humor to boot.
Darryl, here is a link to a post in the other forum you would find interesting.
I agree with you that the tide has shifted and other countries are free and we are less and less so here in North America. Try telling that to someone who has the blinders on like Patriot and you will get a very predictable response. Inheritence has played a big part in sustaining the lives of the lazy and the not so lucky. If you chop up a piece of land enough times eventually there won't be anything left to pass on. I think we are very close to that point and soon a major catastrophe will happen.
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=9103084407&m=68110959&r=68110959#68110959
On a lighter note. Happy New Year!
I agree with you that the tide has shifted and other countries are free and we are less and less so here in North America. Try telling that to someone who has the blinders on like Patriot and you will get a very predictable response. Inheritence has played a big part in sustaining the lives of the lazy and the not so lucky. If you chop up a piece of land enough times eventually there won't be anything left to pass on. I think we are very close to that point and soon a major catastrophe will happen.
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=9103084407&m=68110959&r=68110959#68110959
On a lighter note. Happy New Year!
1st of all:
don't NEED the money right now for anything.
2ndly: know all about magnetic strips ect., besides there's no way in hell I'm gonna walk around w/more than 1k in pocket at a time. That's what plastic is for.
3rd: is it possible to get traveler's cheques and bring the money in that-a-way? No; it would not go into a bank account; no paper trail wanted stateside.
4th: is it possible to go to any of the "on-line books" and collect in person?
5th: Maybe the best option is to just leave it over there and take a few "recreational trips'" and have a "very" good time.
don't NEED the money right now for anything.
2ndly: know all about magnetic strips ect., besides there's no way in hell I'm gonna walk around w/more than 1k in pocket at a time. That's what plastic is for.
3rd: is it possible to get traveler's cheques and bring the money in that-a-way? No; it would not go into a bank account; no paper trail wanted stateside.
4th: is it possible to go to any of the "on-line books" and collect in person?
5th: Maybe the best option is to just leave it over there and take a few "recreational trips'" and have a "very" good time.
Actually you can declare you won the money gambling overseas, (just cannot tell them it was "online"). States cannot legislate outside their own borders. I.E. You can win 10k betting football in Nev., and will get reported to the feds; but your state has absolutely no say in the deal.
Feds will want 20%, states have no say, unless you live in one that has a personal income tax. This of course means you will have to have had actually made a trip offshore to "verify" you claim if audited.
Feds will want 20%, states have no say, unless you live in one that has a personal income tax. This of course means you will have to have had actually made a trip offshore to "verify" you claim if audited.
Do Birtish citizens pay tax on their winings?
If they dont why not try to become a british citizen and give up your US citizenship?
If you make a great deal of money then why not?
You can still come to us with a british passport and stau and you wnt eeve need to apply for a visa?
there is just too much bullshit going on in the us with their garbage gov.
If they dont why not try to become a british citizen and give up your US citizenship?
If you make a great deal of money then why not?
You can still come to us with a british passport and stau and you wnt eeve need to apply for a visa?
there is just too much bullshit going on in the us with their garbage gov.
