What's the most cash you ever had on you?

[dave_the_nerd]

Meh, a couple hundred bucks. When migrating banks I usually get a cashier's check or do an ETF.

 

[crab]

Probably around 10k.

I had around 5k on me once and wound up being admitted to the hospital for sepsis. It hit very fast...my BP was so low I was having trouble seeing. My nurse (who is my neighbor) insisted on locking it up for safety especially since it wouldn't fricken close. When they counted and cataloged everything in front of me, she proceeded to tell me what a fucking idiot I was for carrying that much.

I agree.

 

[Scarpozzi]

When I transfer money between banks, I do it in $5k-10k chunks depending on bank... OR, when transferring larger sums, like $30k+, I'll just go in and get them to give me cashier's check...

In both cases, there's typically a wait for the transfer/check to clear.

To answer your question though, the most I've ever had on me is maybe $8k...it was specifically for cash payment to migrant workers I had hired.

 

[akugami]

$1 million in a large grocery bag. :awe:

What self respecting drug dealer has Hello Kitty sheets?

 

[Imp]

Few hundred bucks... I carry zero nowadays.

If there's a new world order, I'm going to be stuck with plastic rectangles.

 

[skyking]

paid 16K for a plane.

 

[HeXen]

Of my own cash, at one point I carried a few thousand. Of someone else's cash I carried $250k after an exchange of goods down south but that was the easy part.

 

[Paladin3]

I used to have a vending route including kiddie rides, massage chairs and photo booths. In the summer I would go to the bank twice a week with as much as 150lbs of quarters and sometimes 3k in one dollar bills.

I also went to buy a new 1991 Toyota truck from a dealer with cash, so I had $7800 bucks on me at the time. I cashed a settlement check after I got hit on my motorcycle at the insurance company's bank and then went straight to the dealer. Pretty silly, but I lived in a very low crime town at the time and didn't even think twice about it.

 

[MongGrel]

Couple grand here I imagine, I never carry much cash.

 

[Red Squirrel]

$1 million in a large grocery bag. :awe:

Pfft, that aint no real money.



That's about $2 right there. Mad stax yo!

 

[Meghan54]

A bit over $50k is the most. Have had several instances of well over $10k in the house the last few years.

 

[Mixolydian]

$20. I never use cash.

 

[Chapbass]

Me personally, probably about $2000, purchasing a new bass guitar.

One of my favorite stories from when I worked at a bank was when one of our regulars (he was a mailman, not super well off, just kinda lived his life) came in one day with $127,000 in cash in a bag. Turns out he had been stashing cash under his mattress for god knows how long, and last week his neighbors house burned down....so he freaked out. There was some very old cash in that bag....

 

[iGas]

I've been in a car with my dad going from the movie theater to the bank with more than a couple of hundred thousands USD in cash back in the 70s in Asia. Back then most if not all payments are in cash and that was my dad monthly commission (he own a movies distribution company).

As for me, I never had anywhere near that kind of money on me or in the bank.

 

[Linflas]

Transported around 100K in a sealed bank bag between bank branches in my armored air cooled 1974 VW Super Beetle once. This is when I was working as a teller in college and the branch was running out of cash because the Head Teller forgot to put in the order for more.

 

[Svnla]

Over $10K and less than $100K. It was not fun to do all the paperwork and declaration form(s) for Homeland Security/Border Patrol and had to deal with them agents.

 

[Matt1970]

$10K one time I had to bail a family member out of jail. I remember thinking I was a muggers wet dream. Quite a few times I had just shy of $5k when making deposits for my business.

 

[Carson Dyle]

I always found the whole double tax thing retarded for if you take out more than 10k. It's criminal, that's what it is. You were already taxed on that money, yet they want to tax you again. They do that kind of crap all the time.

Huh?? How do you get double taxed when you withdraw over $10,000 in cash? Or even when a bank reports a cash deposit over $10,000?

 

[alkemyst]

Huh?? How do you get double taxed when you withdraw over $10,000 in cash? Or even when a bank reports a cash deposit over $10,000?

/because Canada.

 

[Red Squirrel]

Huh?? How do you get double taxed when you withdraw over $10,000 in cash? Or even when a bank reports a cash deposit over $10,000?

Well why else would the IRS be keeping track of that? They see that you have a lot of money and are doing a large transaction, they want some of it.

/because Canada.

Canada actually has less taxes than the US. You guys get taxed on lot of stuff that we don't such as game/lotto winnings, inheritance, large cash transactions etc. I can't recall what else, I know there's lot of weird things you guys pay taxes on that we don't.

It does look like we have the 10k rule here too though, but it does not count for bank transactions. So if I take 10k from 1 bank to the other I don't think there is a problem.

http://www.fintrac-canafe.gc.ca/reporting-declaration/info/rptlctr-eng.asp

it seems in the US as soon as you do any kind of big transaction they want to take part of it.

Let's not get started about the terrible US healthcare system. :biggrin:

 

[Cuda1447]

I know 10k or more is reported to the IRS. I'm going to be more honest, I actually had about $9800. The questions the teller was asking were more curiosity questions.

But I will remember your advice if I am in that situation again.

That's even more suspicious. And they have a report for that as well.

 

[Carson Dyle]

Well why else would the IRS be keeping track of that? They see that you have a lot of money and are doing a large transaction, they want some of it.

Wow.

You don't get taxed for it. It's an alert system to help them detect the laundering of money. They may look into it, or not. You don't get taxed on that $10k. At worst, they're going to investigate it, maybe audit you to find out your sources and reporting of income, etc. If you haven't been reporting those $10,000 deposits as income (and, indeed it is income), then yes you'll, be taxed on them as income. It's not taxed twice.

Canada actually has less taxes than the US. You guys get taxed on lot of stuff that we don't such as game/lotto winnings, inheritance, large cash transactions etc. I can't recall what else, I know there's lot of weird things you guys pay taxes on that we don't.

I'd be surprised if Canada doesn't also consider gambling winnings as income. If they have lotteries that are tax-free, I guarantee they're government operated.

it seems in the US as soon as you do any kind of big transaction they want to take part of it.

Just... wow. How old are you?

 

[alkemyst]

Well why else would the IRS be keeping track of that? They see that you have a lot of money and are doing a large transaction, they want some of it.



Canada actually has less taxes than the US. You guys get taxed on lot of stuff that we don't such as game/lotto winnings, inheritance, large cash transactions etc. I can't recall what else, I know there's lot of weird things you guys pay taxes on that we don't.

It does look like we have the 10k rule here too though, but it does not count for bank transactions. So if I take 10k from 1 bank to the other I don't think there is a problem.

http://www.fintrac-canafe.gc.ca/reporting-declaration/info/rptlctr-eng.asp

it seems in the US as soon as you do any kind of big transaction they want to take part of it.

Let's not get started about the terrible US healthcare system. :biggrin:

I said /because Canada as you constantly misunderstand yet comment on things.

I have no problem with the US Health Care system. I have been insured since I was 21.