The Better To Tax You By!

[bitterlyclingin]

[Russia is apparently planning to ban all cash transactions over $10,000. Seems like there's a shadow all cash economy that the former Soviets can't wrap their arms around well enough to derive tax revenues from. Comrade Barack and his fellow Democrats are definitely watching here with baited breath and salivating chops. Gotta love the times we're in. First came the Cypriot Haircut where, when you kept your money right where the Government could keep its eye on it, the Government pulled your shirt up over your head and arms and raped you at their leisure, and now they're going to ban cash transactions so you won't be able to keep it in a mattress either, hiding it from their view and avaialable to the government for raping again anytime they see fit. Talk about times that try men's souls.]

"Russia may ban cash payments for purchases of more than 300,000 rubles (around $10,000) starting in 2015. The move is expected to boost banks’ cash reserves and put a damper on Russia’s shadow economy. However, the middle class will most likely end up having to pay the price for the scheme.

Moscow is looking to kill two birds with one stone: Firstly, it wants to bring some of the population’s “grey” income out of the shadow; secondly, it wants to increase the volume of cash reserves in the banks. The government’s bill will introduce the new rule to the State Duma. The document was prepared by the Ministry of Finance and approved by the government."

Russia to ban cash transactions over $10,000 | Russia Beyond The Headlines

 

[boedicca]

They're just emulating the U.S. Our government has had banks reporting any cash transactions of $10K or more for years.

 

[Wyatt earp]

They're just emulating the U.S. Our government has had banks reporting any cash transactions of $10K or more for years.

but I thought someone told me it was 9 grand or less in cash for a car????