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by bluedevil2k 3918 days ago
The best? Amazon takes a 30% cut and then the government (here in the US) takes another 28% for income tax, 12.4% for SSN, and 2.9% for Medicare. You get less than half your cash into clean money. Plus, there's a huge paper trail of buyers and the million dollar book would likely set off flags on every sale.
3 comments

See my 2nd comment below, this is definitely happening in electronics section where Amazon fees are smaller.

Losing ~20% is not too bad when clean money from a reputable source arrives in your bank account, if you are reselling lets say hard drives or phones.

People buy lottery tickets as a way to launder money. This really isn't so bad by comparison.
To go from money you can't use to money you can use, that's not a bad deal, actually. But selling a million dollar book is probably too conspicuous. It's better to do this with something that's actually worth that much.