OregonMaule wrote:When you do a large cash transaction and the bank is involved, simply do the required paperwork and you are fine. If you are skirting the government, and IRS you are playing with fire and gas. If you think you can avoid the IRS by making multiple deposits under 10K your a fool. IMHO.

GOOD DAY

182 STOL driver wrote:.....Doing money in CASH HAS been and will be a way to keep the IRS and Government out of your bisseenes .

M6RV6 wrote:Since when did it become illegal to pay with cash????
And when did it become illegal to make payments in cash?
Just wondering?
I agree with A few here and wonder what Joe did to piss off who in the Government~!
GT

M6RV6 wrote: Since when did it become illegal to pay with cash????
And when did it become illegal to make payments in cash?....

by hotrod150 » Fri Feb 24, 2012 7:01 pm

M6RV6 wrote:
Since when did it become illegal to pay with cash????
And when did it become illegal to make payments in cash?....



It's not illegal to PAY with cash, just illegal not to report the big cash transactions. You seem to be missing that distinction.

M6RV6 wrote:Why get on Stancil's Ass about it when just about 99.9% of us better not throw to many stones!
The Hypocrisy of some of us gets a little thick and brown sometimes!
I guess everyone should take OM's advice and build houses!
Guilty
GT
Sorry for the rant!

I was not missing that point, I would think that at the end of the day his books showed that he bought a plane for this much and he sold it for that much! Any gain he made after taking every possible deduction from the transaction, he probably paid his taxes!?!?
The only thing that was illegal as I see it was that he did not report more than $10,000 at a time??
I just wonder where in the Constitution it gives the US Government the RIGHT to tell anyone that they have to tell the GOVERNMENT when they spend or receive a cash payment over $10,000.
This is more of the Government making criminals out of everyday people trying to do business!

TomD wrote:

I was not missing that point, I would think that at the end of the day his books showed that he bought a plane for this much and he sold it for that much! Any gain he made after taking every possible deduction from the transaction, he probably paid his taxes!?!?
The only thing that was illegal as I see it was that he did not report more than $10,000 at a time??
I just wonder where in the Constitution it gives the US Government the RIGHT to tell anyone that they have to tell the GOVERNMENT when they spend or receive a cash payment over $10,000.
This is more of the Government making criminals out of everyday people trying to do business!

I am not sure what Mr. Stancil did or did not do.

The $10,000.00 reporting law was put into place primarily at the urging of the DEA to track some of the Billions of dollars flowing into the drug cartels in South and Central American ( cocaine and marijuana) and to an extent into Asia and the Middle East ( opiates ).

These cartels are currently running rampant through Mexico not only killing Mexican citizens but American citizens, often with guns they purchased in the good ol' USA.

If a seller of planes, guns, or anything else that aids and abets these very well financed criminals; I say that getting popped for money laundering is going to be far too weak a punishment. The family of the embassy staff, federal agents, or others murdered due to this illegal commerce, will suffer far more than the few years that the seller will serve in what probably will be a minimum security lock up.

mepps1 wrote:If what we read is true, it would appear that Mr. Stancil made a series of stupid mistakes. However, I think that nobody should too high on their horse (or anything else), or be in any particular rush to throw the first stone. The fact is that if you are reading this, your are almost certainly a felon. You've probably not been convicted just yet, but the fact remains that you are a free person with a clean record primarily because you have never attracted the undivided attention of any state or federal enforcer. Hyperbole? I think not.

The federal tax code alone is fills some 71,684 (and counting) pages. If you have ever filed an income tax return, you are almost certainly a felon. Please report to jail.

If you have ever hunted or fished across state lines, you are almost certainly a felon. The Lacey Act has, since 1900, made it a federal felony to transport across state lines any part of any plant or animal which has been taken, handled, or shipped in violation of the laws of any state or foreign government. If you've ever possibly transported a foul hooked fish, or one a quarter inch under-length, a duck shot thirty seconds after legal light, any species of wood or plant which could be construed to be illegal in any sense ( http://online.wsj.com/article/SB1000142 ... 59286.html ), bought or sold any fish or game which was taken in any illegal manner, under the arcane laws of any single nation on earth, you are a felon. Please report to prison.

If you are self employed, or own any small or large business, I promise you're a felon. Tax laws. Labor laws. DOT. EPA. OSHA. EEOC. Federal, state, city, county............. Please save us all some hassle, and just plead guilty.

Tell Mr. Stancil "Hello" when you are housed in the same facility.

Until then, please don't be too quick to judge all the other felons, since you are one, after all.

http://cablenewsguy.com/John%20Stossel% ... !flashvars#autostart=false&thumb=FirstFrame.png&thumbscale=45&color=0x000000,0x000000

http://threefelonies.com/Youtoo/tabid/86/Default.aspx

mepps1 wrote:#-o I guess you don't read the news enough to know that a substantial number of the "embassy staff, federal agents, or others murdered due to illegal commerce" were gunned down using weapons our ATF and DEA deliberately exported to Mexico. Who's going to jail for that? Oh, wait, nobody is, since federal agents were responsible for the sales, as opposed to a private businessman.

http://en.wikipedia.org/wiki/ATF_gunwalking_scandal