Hell Money?
I will happily accept all your fake money for proper disposal.
Suppose you just substitute pictures of people who sort of look like the people on the money? Put Wilford Brimley on the hundred, young James Spader on the twenty, Nicole Kidman on the ten, and so on.
If youâre a US citizen, traveling abroad to violate US law (even if what youâre doing is not a crime wherever you perform whatever action is in question) does not mean you cannot be prosecuted by US law enforcement for violation of US law.
So, US counterfeiting laws still apply to you regardless of whether or not youâre actually on US territory.
(oops, saw that this was pretty much covered by Lmariachi aboveâŚ)
I donât find that quite as amazing as the fact that US citizens are still taxed even when they live and earn money outside the US. I donât think any other country in the world would try something like that.
Itâs not that odd. The taxes are defined so that there is no double-taxation â you wonât generally pay any taxes on your income to the US if youâve paid taxes on them to another country. (This varies slightly between different countries depending on tax treaties, but is generally true.)
Note that income tax is the only one where it really makes a difference where you live. Capital gains and stock income are already taxed depending on where the fund is, so if youâre investing in a foreign country while in the US youâre already paying foreign taxes, and visa-versa.
You might not get double taxed (except for those all too frequent occurrences where thereâs slight differences in tax codes), but itâs unusual that youâd get taxed at all by the US when you donât live there.
If I (as a brit), came to live in the US, Iâd stop paying all UK taxes, even the ones that were higher than the US taxes (lots of them), because I wouldnât be benefiting from any of those taxes. Iâd still get all the benefits if I moved back (free healthcare, roads, police that usually donât shoot on sight, citizens that understand how to queue etc.), even if Iâd never paid a penny to HMRC.
As far as I know, only the US taxes itâs citizens abroad for money earned abroad.
Itâs going to be a local prop company that does the âcounterfeiting,â though.
A common scam is to clip the corners (with the demarcations) of higher bills (which can be redeemed as damaged) and paste them over the corners of one dollar bills.
Thatâs one of the downsides of having nearly uniform currency.
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