New "Proposed" Banking Regulations (Page 2/5)
MidEngineManiac AUG 27, 01:54 PM

quote
Originally posted by LitebulbwithaFiero:

My work place only does direct deposit for pay checks. All my job pay goes through the bank. Even if I buy everything cash, that money comes from the bank and would be counted going in and coming out.



You cant get around that part, but you CAN withdraw all but 10 or 20 bucks of your pay on payday. Then where you spend it is nobodies business but yours.
blackrams AUG 27, 01:55 PM

quote
Originally posted by LitebulbwithaFiero:

My work place only does direct deposit for pay checks. All my job pay goes through the bank. Even if I buy everything cash, that money comes from the bank and would be counted going in and coming out.



Have your check sent to my account and I'll help you out....

Rams

[This message has been edited by blackrams (edited 08-27-2021).]

2.5 AUG 27, 02:01 PM
People need to start fighting the taxes and the abuse of them, not the fact that they'd like to enforce them.
2.5 AUG 27, 02:02 PM

quote
Originally posted by MidEngineManiac:


You cant get around that part, but you CAN withdraw all but 10 or 20 bucks of your pay on payday. Then where you spend it is nobodies business but yours.



Until cash is no longer recognized.
Eventually that could happen.
FriendGregory AUG 27, 03:48 PM

quote
Originally posted by MidEngineManiac:

Just keep your account at "The Bank of Cash Under The Mattress" in good standing

Canadian rules are different, but after the 2007-8-9 fiasco the government passed some regs that banks can just take any money on deposit in case of another "banking emergency", and I haven't kept a whole lot in one since. just enough to keep it open for when I need to use it.


Be careful traveling in the USA, they can arrest your money for the crime of being cash. Then they will take your vehicle and everyone's jewelry for traveling with the cash so proceeds of crime.
Jake_Dragon AUG 27, 04:29 PM

quote
Originally posted by FriendGregory:

Be careful traveling in the USA, they can arrest your money for the crime of being cash. Then they will take your vehicle and everyone's jewelry for traveling with the cash so proceeds of crime.



This ^^

Anything over $3000 last time I heard. This was a big deal in Florida and a lot of people lost money because of the loop hole. Ever go buy a car for cash? I had $8000 in my pocket and was sweating the entire time.
BHall71 AUG 27, 04:58 PM

quote
Originally posted by williegoat:

Anyone who doesn't have $600 in the bank is most likely living off of your tax dollars, anyway.



Truth.
blackrams AUG 27, 05:03 PM

quote
Originally posted by Jake_Dragon:


This ^^

Anything over $3000 last time I heard. This was a big deal in Florida and a lot of people lost money because of the loop hole. Ever go buy a car for cash? I had $8000 in my pocket and was sweating the entire time.



Yeah, heard of things like that. Several times during my "Hot Shot" days, I would be given an envelope (some times sealed, some times not) with cash in it for the seller of a vehicle. Fattest envelope I remember had right at $40K in it. All in $100 bills. Yeah, it was pretty thick. Wasn't worried about it, don't stop for anyone.

Rams
maryjane AUG 27, 09:58 PM

quote
Originally posted by MidEngineManiac:


You cant get around that part, but you CAN withdraw all but 10 or 20 bucks of your pay on payday. Then where you spend it is nobodies business but yours.


You can't withdraw it if the deposit isn't posted . The second it does post, it's considered in your account and both the deposit and withdrawal will (maybe.. according to Blackram's letter) trigger notification to IRS.

MidEngineManiac AUG 27, 10:09 PM

quote
Originally posted by maryjane:

You can't withdraw it if the deposit isn't posted . The second it does post, it's considered in your account and both the deposit and withdrawal will (maybe.. according to Blackram's letter) trigger notification to IRS.



With those rules, true. But ONLY those 2 transactions. It wont get triggered every time you buy a pack of smokes or bag of potatoes like it would on a debit card. They can track gross cash in and cash out of the account that way, but not individual items bought.