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Cashgifting, Money Laundering And The Patriot Act
Posted by easycashmachine
at 10:31 AM on April 19, 2008
|
Why it is important to legitimize some of your cash gifting income with Easy Cash Machine.
While Cash Gifting is overall a legal enterprise, with the current economic crisis the U.S. government is looking closely at ways to increase revenue without visibly increasing taxes.
To this end, by using the Patriot Act to link terrorism to drug dealing, money laundering and to tax evasion, the Department Of Homeland Security, FBI, DEA, and IRS are becoming very good at finding "gray money".
The reason this makes cash gifting a target is that by looking for patterns of people living at certain levels of lifestyle and comparing their purchases and apparent assets to declared income, red flags start popping up left and right.
Deposit more than $3500 in your bank account? Red flag!
Suddenly paying your bills on time? Red flag!
Buy a car with cash or a large down payment? Red flag!
Taking more plane trips or vacations? Red flag!
Paying down your mortgage? Red flag!
Let's not even talk about offshore accounts and asset protection!
Actor Wesley Snipes found out the hard way that being too good at asset protection can get you in hot water.
He was charged with money laundering, tax evasion, fleeing the country, contempt of court, wire and mail fraud and a host of other bogus charges!
While he was cleared of most of the charges, the government had frozen all of his assets, raided his properties and records, and even tried to extradite him from a foreign country!
All because he was spending and protecting money the government couldn't touch.
This is a daily occurrance in the USA that you as a cash gifter should be aware of.
You should also know that by using some of the money you make to grow your traceable cash flow, you can eliminate a lot of this scrutiny.
That is one reason This Site exists as an answer. At Easy Cash Machine your income goes through PayPal or other processors so that you can show a viable business as your income source.
While you may still be collecting piles of cash gifting money like the pictures on those sites show, remember the reason they have those piles is that they can't put it in the bank onshore without raising too many flags!
Whether you are a Newbie or an Experienced Cash Gifter,
Join Easy Cash Machine Today and CYOA!
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