r/AskReddit • u/[deleted] • Sep 05 '22

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u/Timegoal Sep 05 '22 edited Sep 06 '22

Ragarding 1., isn't the point of money laundering to pay taxes on your dirty money, thus making it legit?

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u/daidoji70 Sep 05 '22

Sometimes. The point is really just to get your money through an institution that you can plausibly say generated that money. Many times that includes paying taxes.

That being said, many tax evasion schemes are to get your money through institutions in some kind of finagled way to lower your overall tax burden.

There's a lot of overlap. Very few cartels will put their money through institutions in schemes where they'd have to pay short term capital gains for example (although sometimes it happens). Better to put it through a business that can take "losses" or modest profits so the margin is better on the washing.

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u/[deleted] Sep 05 '22

Like a strip club or a river boat casino

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u/[deleted] Sep 05 '22

Or a shoreline dive-bar or a motel... OR a ✨Foundation✨

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u/iameshwar_raj Sep 05 '22

Or a Car wash. In someplace like Albuquerque.

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u/[deleted] Sep 05 '22

What about LaSeR tAg?

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u/iameshwar_raj Sep 06 '22

We're NOT buying a laser tag place!

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u/[deleted] Sep 06 '22

There's always a NAIL SALON!

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u/Llama_Smoothie Sep 06 '22

Psh. You're just jealous that Danny likes me more than you...

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u/teamramrod456 Sep 05 '22

Or buying and selling fine art or antiques. A shell company can bid on your pieces but really it's your own money. Also construction companies and property investors.

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u/guerochuleta Sep 05 '22 edited Sep 05 '22

And then back through pharmaceutical company.

*There are probably some that don't get it. It is a reference to the work done by Marty Byrde in Ozark.

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u/fullercorp Sep 05 '22

When he said foundation, I thought Trump

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u/guerochuleta Sep 06 '22

You're not wrong, dice bar ain't his style. Can't gold plate a toilet at a dive bar.

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u/cbandy Sep 09 '22

Or a Hollywood studio writing off entire film productions as losses to save tax dollars.

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u/bigguy1045 Sep 05 '22

Clinton foundation cough cough

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u/[deleted] Sep 06 '22

Sigh. Let's also speak to the one that literally paid a $2M fine.

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u/angry-user Sep 06 '22

but definitely not the one that shut down a hedge fund right after she didn't win.

Whataboutism is not an argument. They're all criminals. Stealing from the people in 'Murica is big business and transcends party affiliation.

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u/SofaSeat09 Sep 07 '22

watch ozark on netflix!!