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by smacktoward 4437 days ago
$360,000 tax free, remember.
1 comments

It's not tax free. That much cash is useless unless it's laundered.
10% laundering "tax" is much less than the almost 40% the government would take otherwise.
I don't know what "laundering tax" you're referring to but the whole point of laundering money is to make it seem like real profit from a legitimate business, and thus, regular corporate and/or income taxes must be paid.
Heh good point, not sure why I was excluding taxes on the laundered money.
I don't think you're avoiding the 40% once it's laundered.
"other costs" might include laundering overhead.
Bitcoin