5 ms·
Nice. I love how you stress the long-term compound efficiency goal ("don't get caught") vs the short term efficiency goal ("pay as little as possible"). Which
by mellavora 4y ago
Nice. I love how you stress the long-term compound efficiency goal ("don't get caught") vs the short term efficiency goal ("pay as little as possible").
Which also comes back to early comments about "treat your employees well", which incurs a higher up-front cost to generate a massive long-term payout.
Also see comment on ML efficiency rates, yes, 30-40% hit to get the money clean is a lot better than no money plus jail. One of the reason black market goods are expensive is because the costs of doing business are so high. You pay 40% or higher money laundering "tax" to avoid paying tax.
- 988747 4y agoDoes this "30-40% hit" includes taxes already? Because that's the whole point of ML, right? Pretending that money came from legal sources means paying income taxes on them. Your last sentence is confusing in that regard.
- mellavora 4y agoThat 30-40% is pulled from an earlier comment on the thread. I'm not actually a professional money launderer, nor do I rely on their services, so I cannot give factual current rates. But to clarify, I meant the 30-40% as a total cost, i.e. I put in 100 dirty dollars and take out 60 clean. You are correct that an income tax would then apply. If instead I kept the 100 as cash, I could spend the 100, and not pay any income tax. Staying all cash probably works at the 100 level. Becomes dicey at the 100K level.