If you don't have time to read the whole thing... I'll sum it up for you. A Talladega scrap yard owner was just effectively fined 1.26 million dollars. His crime? Withdrawing the money he legally earned, and paid taxes on, $9,900.00 at a time.
Note. He's not accused of money laundering. He's not under investigation by the IRS. He was just taking out cash from his account in such a way that the bank didn't have to report it to the Feds.
Try to remember this the next time some moron tells says "you have nothing to fear if you have nothing to hide." This many had nothing to hide. Scrapping is a cash business. It requires him to keep large amounts of cash on hand. None of this is illegal.
But intentionally taking out less than the amount of cash that would've set off the bank reports... well no no no. We don't hide ANYTHING from our Psychotic Aunt Samantha now do we? It doesn't matter if we're not doing anything wrong. Our Psychotic Aunt Samantha WILL be told.
I know this is all collapsing.
I know that in a few years... the US government will be almost totally irrelevant if it even exists at all.
But days like this... that doesn't seem soon enough.