taxes

[skeptic]

I am not aware of any exit taxes on currency. It is not the country you are leaving that has the $10,000 rule, it is the US. They have signs around the sirport that state anyone carrying US $10,000 or more in various types of financial instuments including cash, cashier's checks, and many other financial instruments I can't think of right now must file a Currenct Transaction Report (CRT) with US Customs. As long as you file that report you are free to continue on with the money.

I think I once read that there have been something like 77 million of these reports filed since the rule started in the eighties. These have helped lead to an incredible 500 arrests. That's .0006% (6/10,000's of a percent) And of those arrests how many led to a conviction and how many were supported by other evidence. What a waste of taxpayer money the CRT's are!!!

[reno]

The new U.S. $100 bills have metal strips in them. So if someone is carrying a big stash, metal detectors will pick it up, thus triggering a search.

[bucky]

Now I remember. Pete Rose tried to get thru with some cash from signing autographs and as it was over 10 dimes he paid a big fine by not declareing it. And the IRS was on to him.

Obviously, if you did declare it you might get checked out by the IRS just like depositing a big cash deposit at your bank.

[fin]

There must be someone out there who designs useless forms and comes up with even more useless acronyms for them.. for a living

[reno]

Skeptic,

The U.S. government will also search you leaving the country. I was once searched walking across the border from San Diego to Tijuana, Mexico. And they told me they were looking for guys carrying $10,000 + cash. Luckily, I had very little money on me that night, since I was just heading down to TJ to go to the hooker bars. Since it was a Saturday night, they were hoping to catch big-time bettors going down to Caliente to bet the NFL games.

[AussieVamp2]

fin, I have seen a fair few US government forms - the INS also being bad

and there is very little in the way of design going on

[MoneyManager]

With the spread in recent years of legalized gambling in all forms in the U.S. -- I am
not so sure the average citizen cares who gambles and on what. The primary noise is coming from misguided "Holier-than-thou" politicians. The IRS torture is the means by which "They" attempt to legally discourage an activity that is legal as a player. It may be time to become politically active to stop this. Politicans respond to votes and change comes as a result of that pressure.

In recent years the IRS has backed off on the number of audits because of political
pressure resulting from citizen horror stories.

Does anyone know of a web site that specifically identifies politicans by name jurisdiction and position on gambling.

I would like the bad guys to get a note and the good guys to get my vote.

I can appreciate Reno's position of leaving the country but ---- I like Texas !

[ShiftySheik]

Money Manager, I saved this list from 1998. These are the good guys. Voting against the Internet gambling ban were Sens. Joseph Biden, D Del.; Larry Craig, R-Idaho; Tom Daschle, D S.D.; Pete Domenici, R-N.M.; Russ Feingold, D-Wis.; Tom Harkin, D-Iowa; Daniel Inouye, D-Hawaii; Daniel Patrick Moynihan, D-N.Y.; Ted Stevens, R-Alaska, and Paul Wellstone, D Minn.