3 ms·
https://fee.org/articles/why-its-time-to-revisit-the-1970-federal-requirement-to-report-cash-transactions-exceeding-10-000/ https://fee.org/articles/why-its-tim
by theonemind 5y ago
https://fee.org/articles/why-its-time-to-revisit-the-1970-federal-requirement-to-report-cash-transactions-exceeding-10-000/ https://fee.org/articles/why-its-time-to-revisit-the-1970-fe...
Used to be worth about $65,000. This will probably be a requirement when $10,000 is worth $1,000 of today's dollars--do nothing, and more and more stuff comes under reporting requirements.
Ridiculous that these things aren't inflation adjusted. I ended up paying the alternative minimum tax once, the old "millionaire's tax". Spoiler: I'm not a millionaire. If I was, millionaire isn't what it used to be, either. https://www.thebalance.com/alternative-minimum-tax-amt-who-has-to-pay-3305784 https://www.thebalance.com/alternative-minimum-tax-amt-who-h...
- notch656a 5y agoEven depositing / pulling out $2600 can earn you a SAR, although you'll never know because the teller can't tell you.