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It's not tax free. That much cash is useless unless it's laundered.
by cylinder 13y ago
It's not tax free. That much cash is useless unless it's laundered.
- Crito 13y ago"other costs" might include laundering overhead.
- driverdan 13y ago10% laundering "tax" is much less than the almost 40% the government would take otherwise.
- SamReidHughes 13y agoI don't think you're avoiding the 40% once it's laundered.
- cylinder 13y agoI don't know what "laundering tax" you're referring to but the whole point of laundering money is to make it seem like real profit from a legitimate business, and thus, regular corporate and/or income taxes must be paid.
- driverdan 13y agoHeh good point, not sure why I was excluding taxes on the laundered money.
- Brabon 13y agoBitcoin