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Anonymous #1

Dealers -- How do you manage your money?
    #7756714 - 12/13/07 11:39 PM (16 years, 1 month ago)

Lets say you're brining in $600 a month in cash. Do you keep your money in a safe? Bank?

If putting large amount of money in a bank on a regular basis with no explainable means of getting that money, does one need to worry about the bank/government finding about this income and getting suspicious?


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Anonymous #2

Re: Dealers -- How do you manage your money? [Re: Anonymous #1]
    #7756853 - 12/14/07 12:12 AM (16 years, 1 month ago)

Keep the cash in a safe.

Never use a bank, only cash in the safe.


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Anonymous #1

Re: Dealers -- How do you manage your money? [Re: Anonymous #2]
    #7756910 - 12/14/07 12:24 AM (16 years, 1 month ago)

What happens when you need to turn that money into something like a check? Or an online payment for something?

You can only do so many things with cash...


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Anonymous #3

Re: Dealers -- How do you manage your money? [Re: Anonymous #1]
    #7756942 - 12/14/07 12:29 AM (16 years, 1 month ago)

Slowly put it into your bank account. Or buy lots of shit.


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Anonymous #4

Re: Dealers -- How do you manage your money? [Re: Anonymous #1]
    #7756945 - 12/14/07 12:30 AM (16 years, 1 month ago)

money order



I would presume  :shrug:


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Anonymous #5

Re: Dealers -- How do you manage your money? [Re: Anonymous #4]
    #7756975 - 12/14/07 12:39 AM (16 years, 1 month ago)

anonymous prepaid credit cards


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Anonymous #6

Re: Dealers -- How do you manage your money? [Re: Anonymous #1]
    #7757674 - 12/14/07 09:46 AM (16 years, 1 month ago)

The Government is tightening its grip. You can forget about putting unexplainable money in the bank, it hardly works at all now but it definitely won't work in the nearby future.

The only way you can use unexplainable cash is on smalltime anonymous purchases, paid in cash.


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Anonymous #7

Re: Dealers -- How do you manage your money? [Re: Anonymous #6]
    #7757681 - 12/14/07 09:49 AM (16 years, 1 month ago)

I keep an index card "bank book" of transcations and all the cash in a ziploc bag in my stash. in a safe.


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Anonymous #8

Re: Dealers -- How do you manage your money? [Re: Anonymous #7]
    #7758048 - 12/14/07 11:48 AM (16 years, 1 month ago)

No bank is going to look suspiciously on putting $600/month into an account. Seriously, if a bank see's $600 a month added into an account they'll think: "Gee, it looks like little timmy got a new paper route".

If anyone asks you about say it's a gift. You can legally give someone up to $12k per year without being taxed.

If your a small time drug dealer making less than a high school dropout that works at McDonald's you're not going to get caught by the feds for unaccountable income.


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Anonymous #6

Re: Dealers -- How do you manage your money? [Re: Anonymous #8]
    #7758219 - 12/14/07 12:36 PM (16 years, 1 month ago)

Quote:

No bank is going to look suspiciously on putting $600/month into an account.





Its not just the banks who get to see your data though. It goes directly to the Government.


Quote:

If anyone asks you about say it's a gift.





Each month? From whom? Why? How come his financial data shows nothing to that effect?


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Anonymous #9

Re: Dealers -- How do you manage your money? [Re: Anonymous #6]
    #7758305 - 12/14/07 12:56 PM (16 years, 1 month ago)

savings account... transfer money when needed to checking or withdraw straight from account.... honestly thats small time money you will be fine


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Anonymous #10

Re: Dealers -- How do you manage your money? [Re: Anonymous #9]
    #7758533 - 12/14/07 01:53 PM (16 years, 1 month ago)

Nobody will give a fuck about $600 a month.


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Anonymous #11

Re: Dealers -- How do you manage your money? [Re: Anonymous #10]
    #7758585 - 12/14/07 02:13 PM (16 years, 1 month ago)

Claim it on your taxes at the end of the year. Say it is from selling things at the swap meet, or you do freelance computer repair/handyman/whatever you want. No more unexplained money. The taxes you will pay on this small amoutn will be about $300 maybe more. Don't forget to deduct your expenses like gas, etc...


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Anonymous #12

Re: Dealers -- How do you manage your money? [Re: Anonymous #2]
    #7758600 - 12/14/07 02:17 PM (16 years, 1 month ago)

Quote:

Anonymous said:
Keep the cash in a safe.

Never use a bank, only cash in the safe.




:thumbup:

If you're looking to invest it at all do it in gold and silver.


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Anonymous #12

Re: Dealers -- How do you manage your money? [Re: Anonymous #12]
    #7758602 - 12/14/07 02:18 PM (16 years, 1 month ago)

Diamonds are nice as well. As the saying goes, diamonds are forever. :grin:


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Anonymous #12

Re: Dealers -- How do you manage your money? [Re: Anonymous #6]
    #7758607 - 12/14/07 02:19 PM (16 years, 1 month ago)

Quote:

Anonymous said:
The Government is tightening its grip. You can forget about putting unexplainable money in the bank, it hardly works at all now but it definitely won't work in the nearby future.

The only way you can use unexplainable cash is on smalltime anonymous purchases, paid in cash.




Bullshit..

Indian Casinos FTW.


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Anonymous #12

Re: Dealers -- How do you manage your money? [Re: Anonymous #12]
    #7758627 - 12/14/07 02:24 PM (16 years, 1 month ago)

Wealthy relatives are nice to have as well. Wash yourself at the Indians and have a relative dump it into a trust fund which won't look suspicious at all.


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Anonymous #13

Re: Dealers -- How do you manage your money? [Re: Anonymous #7]
    #7758650 - 12/14/07 02:31 PM (16 years, 1 month ago)

Quote:

Anonymous said:
I keep an index card "bank book" of transcations and all the cash in a ziploc bag in my stash. in a safe.




That nice of you to keep a record of everything the cops will need to jail you for trafficking.  Don't keep records and don't keep cash with your stash.

:flowstone:


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Anonymous #14

Re: Dealers -- How do you manage your money? [Re: Anonymous #13]
    #7758688 - 12/14/07 02:41 PM (16 years, 1 month ago)

if i were you i'd invest it in something that would hold its price or increase alongside inflation.

i don't know if gold does.
sounds good though.


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Anonymous #15

Re: Dealers -- How do you manage your money? [Re: Anonymous #11]
    #7758691 - 12/14/07 02:42 PM (16 years, 1 month ago)

$600, haha...i wouldn't worry about that at all.

I have never dealt (I just use my legitamate job to pay for drugs), but if you are worrying about $600 being added to your income then claim it...and if you have no other income, then you probably aren't really makin enough money to have to pay taxes most likely. (talk to an accountant)

Just put some in the bank and spend the rest on food, gas, drugs, liquor, parties, gifts, girls, etc...if you have no other income, then you can just say you get a monthly stipend from a relative or some shit to cover any excess you won't use in a month...which probably won't be much with only $600.

The banks don't even have to declare it to the feds unless it is a transaction above $10,000.

I thought this thread was gonna be about laundering money or some shit. My buddy who is an accountant was telling me how that is done...something like you start a mainly-cash business(like a bar, strip club, car wash, etc)...then you cook the books saying that you are bringing in more money than you actually are and just pad the business income with your drug cash. They won't be able to tell the difference. Unfortunetly this only really works if you make a ton of money...because you will only get a return on about 50%...so you have to be doing pretty big business...like 100s of thousands of dollars not $600 a month...haha. Its all about volume.

There is also swiss bank accounts...

One other thing...make sure you have a legitimate income too, and do not live in a place/have a car/etc. that is more than the legitimate income is...otherwise they will get suspicious. Then just save your money until you can leave town and retire.

But seriously $600/month isn't going to raise any eyebrows. A lot of rich kids get that as an allowance. You think they are gonna check everyone getting small amounts of money. And if you are really worried couldn't you just find a shoebox to stick under your bed? Convert it to $100, it will take a long time to fill that box at $600/month, and just use that money for any cash expenses you can and save your real income

Sounds like you are pretty young(maybe living with parents in HS which is why you wouldn't have a job to explain extra money)and just getting started, so those are some good guidelines as your entrepreneurial business grows until you are the next Escobar...

I do think you are being smart about being paranoid and cautious...they catch a lot dealers/criminals by pegging them with tax evation...thats how Capone went down.

Seriously though, anyone who is doing actual big business, should find an accountant that will help them...but it is gonna cost $$$.

Good luck with your business.


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