7 ms·
They have similar limits in Europe already. Is this also the case in the US?
by mogoman 8y ago
They have similar limits in Europe already. Is this also the case in the US?
- runwerks 8y agoit is not.
- iamatworknow 8y agoTechnically in the US any transaction over $10,000 is supposed to be reported to the IRS (https://www.irs.gov/pub/irs-pdf/f8300.pdf https://www.irs.gov/pub/irs-pdf/f8300.pdf), but I'm not sure how strict enforcement is on that.
- tomohawk 8y agoDuring FDR's presidency, they confiscated all the gold (forced you to sell it at a fixed price to the US gov't) and required an IRS agent to be present when safety deposit boxes were opened. They also imposed price controls, imprisoning people who charged too much or too little for goods and services. There was a lot of bartering going on.