Quote:
Originally Posted by inv4zn
In theory, yes, but I would think when WS#1/#2 goes to deposit that money in a bank, they'll have to provide details - especially if it's a business. Mon and pops aren't depositing 50K at once, and generally large amounts like that are for a couple high $ items so not hard to disclose.
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But if the customer got back $47K cash via buyback, wouldn't the bank would only be processing the "profit" of $3K cash?
All this honestly... just makes me think that the government isn't super interested in putting a stop to this. Think of all the tax revenue these luxury stores are bringing in regardless of the legitimacy of the cash they take in.
Kinda seems like as long as you pay the tax man, you're good to go?