Is this a sign of acceptance or a tool for discrimination?
ei8ht_Ball
Still don't know what I'm doing here . . .
Is this a sign of acceptance or a tool for discrimination? Your thoughts?
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Is this a sign of acceptance or a tool for discrimination? Your thoughts?
25 comments
I believe that would fall under adult entertainment.
That would fall under "retail" or "sales" ^_^
Had a local girl go through that not too long ago. She made the mistake of answering honestly, and paid the price.
This too strikes me as a tool for discrimination. Though banks are required to close accounts if they find out that the business is in the marijuana industry. Perhaps there's enough money there that most banks don't want to find out, where a stripper depositing her tips is different, and listing this on the drop-down menu shows efforts towards compliance.
My understanding is that financial institutions are required to report all transactions of $10,000 or more, and will generally file a Suspicious Activity Report if multiple transactions are made just under the $10,000 threshold.
I don't think my CF has anything to worry about. But a withdrawal is also a transaction. I wonder how many PLs are attracting IRS attention just by withdrawal cash for the hobby? Two-bits might have known.
My understanding is that financial institutions are required to report all transactions of $10,000 or more, and will generally file a Suspicious Activity Report if multiple transactions are made just under the $10,000 threshold.
I don't think my CF has anything to worry about. But a withdrawal is also a transaction. I wonder how many PLs are attracting IRS attention just by withdrawal cash for the hobby? Two-bits might have known.
This is not advice, it may even be idiotic: But perhaps numerous things can be paid for in cash (groceries, clothes, fuel, household stuff, entertainment) while things like rent can be paid for with cashiers checks created at places like Western Union. That would reduce bank deposits. Another option is to spread deposits into multiple banks. There's also brokerage accounts and IRAs as an option (also both good for long-term investment). It's also important, just like any tip-based job, to report a reasonable portion of tips as income. If not and such a person with otherwise "low" income (what is reported only by her employers), the IRS could certainly uncover that someone's lifestyle is way beyond their means based on what they report. The IRS is not looking at people unless they trigger an audit, which is randomized, but discretion is important to avoid people who don't like her dropping a dime on her.
And what do you mean by "but discretion is important to avoid people who don't like her dropping a dime on her"? Is there a typo in there?
;)
You ask, "But why include adult entertainment and exclude education?" Have you seen what schools are turning out these days? Certainly aren't educating anyone!
Not sure how it's being read that makes it confusing. People who have enemies have to use discretion, or those enemies will drop a dime (rat out) someone who seems o be living way above their means. Like an Instagram model who doesn't appear to have any real job yet is constantly vacationing in exotic places and occasional photos of herself coming off a private jet or shopping at way too expensive places. You know that's only possible because she's willing to get shit and pissed on by a Saudi prince and his entourage. Those pictures don't make it to Instagram.
Gotchya. I read it to mean that someone could get ticked off that I spend so much as a dime on the girl (like a boyfriend) and then say something about it.