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But then cash becomes a storage issue. The same way marijuana shops are blocked from depositing their cash into banks, cash with sex workers becomes a problem.

But then cash becomes a storage issue. The same way marijuana shops are blocked from depositing their cash into banks, cash with sex workers becomes a problem. How to get it into the banking system without drawing the attention of the police? Even worse, try paying bills with cash. If you'll pardon me, I think cash deposite below $1,000 should be none of the government's business without a valid, specific warrant. If someone wants to sell drugs, sex, or graphics cards on the side for cash, it's none of the government's business.

CaptainZapp 4y ago
> The same way marijuana shops are blocked from depositing their cash into banks, cash with sex workers becomes a problem. Only if sex work is illegal. Which it isn't in significant parts of the developed world. Prostitutes (male or female) here around are taxed like everybody else. In addition they need to be health checked to perform their work. Paying them in cash is really no problem neither for the client nor for the provider.
philwelch 4y ago
$10,000 is the threshold where you have to tell the bank where you got the money. Of course, if you make ten deposits of $1000 to avoid this rule, that’s called “structuring” and is considered a federal offense.
dismantlethesun 4y ago
The police don’t watch cash transactions without reason. If you simply regularly deposit cash, then you only have to declare a business account and no one will take a second look at you at the bank.
JumpCrisscross 4y ago
> someone wants to sell drugs, sex, or graphics cards on the side for cash, it's none of the government's business This is a valid opinion. But it's clearly in the minority. (Counterfactual: there is broad support for drug policy reform [1].) Particularly when one considers the tax consequences. [1] https://www.aclu.org/press-releases/50th-anniversary-war-drugs-poll-shows-majority-voters-support-ending-criminal https://www.aclu.org/press-releases/50th-anniversary-war-dru...
wil421 4y ago
You have a cookie baking or massage business that covers enough to pay a modest mortgage and car. The rest you pay in cash. You give family members down payments to buy property or leases for you.
- lazide 4y ago
  Aka money laundering (according to the feds)
  - wil421 4y ago
    As long as sex working is illegal they will have to launder the money somehow.

CaptainZapp 4y ago

> The same way marijuana shops are blocked from depositing their cash into banks, cash with sex workers becomes a problem. Only if sex work is illegal. Which it isn't in significant parts of the developed world. Prostitutes (male or female) here around are taxed like everybody else. In addition they need to be health checked to perform their work. Paying them in cash is really no problem neither for the client nor for the provider.

philwelch 4y ago

$10,000 is the threshold where you have to tell the bank where you got the money. Of course, if you make ten deposits of $1000 to avoid this rule, that’s called “structuring” and is considered a federal offense.

dismantlethesun 4y ago

The police don’t watch cash transactions without reason. If you simply regularly deposit cash, then you only have to declare a business account and no one will take a second look at you at the bank.

JumpCrisscross 4y ago

> someone wants to sell drugs, sex, or graphics cards on the side for cash, it's none of the government's business This is a valid opinion. But it's clearly in the minority. (Counterfactual: there is broad support for drug policy reform [1].) Particularly when one considers the tax consequences. [1] https://www.aclu.org/press-releases/50th-anniversary-war-drugs-poll-shows-majority-voters-support-ending-criminal https://www.aclu.org/press-releases/50th-anniversary-war-dru...

wil421 4y ago

You have a cookie baking or massage business that covers enough to pay a modest mortgage and car. The rest you pay in cash. You give family members down payments to buy property or leases for you.

lazide 4y ago
Aka money laundering (according to the feds)
- wil421 4y ago
  As long as sex working is illegal they will have to launder the money somehow.