Secret Service Interrogation of Wozniak (2002)
archive.woz.org
archive.woz.org
"Laser safety officer" is a lie, and lying to federal officials is not legal.
Depends on context. It's not illegal merely to carry such an ID. It's probably not illegal to give one to a Secret Service agent, either, unless you're trying to deceive them, but that's likely skirting close to the edge.
So do private businesses.
"Certified Laser Safety Officer" from the Board of Laser Safety ("It should be emphasized that a certificate awarded by the BLS does not constitute a license to practice, nor does it guarantee that a CLSO meets any federal, state or other requirements related to the practice of laser safety.") - http://www.lasersafety.org/uploads/pdf/clso_pp_manual.pdf .
In other words, a 'Certified Laser Safety Officer' is not a government-specific designation.
Turns out, there's even a Wikipedia reference to LSO, at http://en.wikipedia.org/wiki/Laser_safety#Laser_safety_offic... . "In many jurisdictions, organizations that operate lasers are required to appoint a laser safety officer (LSO)." with a link to a University of Chicago page at http://safety.uchicago.edu/tools/faqs/laser_safety.shtml which says "only Class 3b and Class 4 lasers are to be registered with the Laser Safety Officer."
(U. Chicago is another non-government organization with a LSO.)
http://www.moneyfactorystore.gov/2currencysheetsbeptestsheet...
Is this really the US general public's comprehension level?
Therefore would it be a stretch to imagine that any non-high-profile citizen carrying a pad of $2 bills could be suspected of illegal activities? To avoid a "SWAT inspection" don't you have to be either Steve Wozniak or in the right neighborhoods of US?
http://www.washingtonpost.com/news/the-watch/wp/2014/02/17/s...
And there are about 120 million households. So even if you assume that all SWAT raids are illegitimate, that 100,000 is wrong by 10X, and that they spread the SWATs around on the bottom 1/2 of households, you are still looking at 60 years between them.
I'm not intending that to be dismissive of the situation, I mean to point out that it gets a lot of attention because many people think it is a significant problem regardless of the frequency, not because it is a pervasive fact of life in the US.
US certainly don't have a monopoly on stupid comments! I believe the more people have access to a platform, and the dumber the comments are.
Actually, I've been using internet for 20 years and I can see how its democratization has also affected the quality of certain services (for the better and the worse).
I wonder what's the padding between the notes, not too big I guess
Thus, a (2002) addition to the headline would not be remiss. I thought it was a new interview, and wondered if it was somehow related to his Australian citizenship process.
If anything, most people stop kicking legal hornets' nests once they have something to lose.
> Well, as we were eating I glanced up at the Keno board and Sara had won $7500.
> The downside of this is that Sara gained $7500, I lost $7500, the government gained $7500 and the casino lost $7500. You see, I had to fork out the $7500 to my daughter and collect the winnings myself. But about half the winnings would be paid by me on my taxes as income, and other half of $7500 would be paid as gift tax for giving the winnings to my daughter (I'd already transferred the maximum yearly tax free gift of $10,000 to each of my kids).
He collected the money into his account. So that $7500 is taxable as income. He lost nearly half of it now.
(Balance=savings + 7500 - 7500/2 tax)
Then he transfered $7500 to his daughters account. Up to here, He lost ~7500/2 to taxes.
(Balance=savings - 7500/2 tax)
And this transfer process is also taxable as a inheritance/gift payment. Another tax paid by his savings.
(Balance=savings - 7500/2 tax - 7500/2 gift tax)
Happy government, Happy daughter, neutral Woz :)
Allowing kids to play, and then funneling the earnings through their parents with extreme tax consequences is the kind of bizarre middle ground I'm not surprised to see from the US.
We don't really have a moral high ground here.
FWIW, only those who have given over $5.43 million of gifts in their lifetime pay the gift tax in the first place. Woz is by all accounts a generous person. While generous, this also reduced the size of his taxable estate by quite a bit.
In addition, each parent can give a child up to $14K tax free (now; $10K then). Spouses can give gifts to each other tax free. If I read it right, each of Woz's children probably received up to $20K in a year without paying gift taxes, though he only mentions the $10K from him personally. This gambling win would have been on top of that $20K.
It's hard for me to be concerned about 12 year olds making 20K/year tax-free.
While the gift tax is, in the US, closely coupled to the estate tax, they are distinct things. I made an error in not mentioning income tax as well was the estate tax.
Gifts could be used to get around income tax. If I pay my children to work in my store, then they pay income tax. If however I give them gifts, and they just happen, out of generousness and familial good will, happen to do the same amount of work as an employee, then that's an illegal scheme to avoid paying income tax.
Estate taxes are a reflection of a philosophical viewpoint, which is that inherited wealth is not as good for the country's well-being as wealth from labor. Consider if I were to own 1/5th of the land of Manhattan, and make money from leasing out the properties.
If there were no wealth tax, then I could pass that land to one of my children, who then passes it on to one of my grandchildren, etc. Wealth like that tends to accumulate, and lead to increased economic inequality. The philosophical viewpoint is that a humane society does not have drastic differences between the richest and poorest people. In addition, this would tend to create de facto nobility, or landed gentry, which is something the US has traditionally opposed. If Picketty is right, and r > g, then the death tax or a wealth tax or some other means is needed to limit wealth inequality.
Here's a variation of the earlier scenario. I have a company. I give people gifts of US $40,000, with no strings attached. It happens to be that, in their free time, they volunteer at my company to help me out with my business, and spend about 35 hours a week in volunteer labor.
Is this really a "gift" that shouldn't be taxed at all? If so, it's a way to avoid employment and income taxes.
To prevent that from happening, the gift taxes are going to have to be at least as high as employment-related taxes would be.
Since the gift tax doesn't kick in until $14,000/year, which is under minimum wage, the gift tax for higher valued gifts must be much higher than employment taxes. Otherwise it will still be used to avoid employment and income taxes.
> There are two levels of exemption from the gift tax. First, gifts of up to the annual exclusion ($14,000 per recipient as of June 2013) incur no tax or filing requirement. By splitting their gifts, married couples can give up to twice this amount tax-free. Note that each giver and recipient pair has their own unique annual exclusion; a giver can give to any number of recipients and the exclusion is not affected by other gifts that recipient may have received from others.[7]
> Second, gifts in excess of the annual exclusion may still be tax-free up to the lifetime estate basic exclusion amount ($5,340,000 in 2014), although for estates over that amount such gifts might increase estate taxes. Taxpayers that expect to have a taxable estate may sometimes prefer to pay gift taxes as they occur, rather than saving them up as part of the estate.
> Furthermore, transfers (whether by bequest, gift, or inheritance) in excess of $1 million may be subject to a generation-skipping transfer tax if certain other criteria are met.
He wins $7500 but gives it all to his daughter, so now he's at $0.
But he's still paying (say) $3750 in income taxes on his daughter's behalf (since she's not old enough to even play Keno) and letting her keep the whole $7500 (nice guy!) Now he's $3750 in the hole already.
But then he has to pay the gift tax (again, on the whole $7500, since that's what he gave her!), so let's say again that's another $3750. Now he's $7500 in the hole. Taxes aren't ultimately exactly 50% so it probably wouldn't be that bad, but it makes for simple calculations; and either way, he's guaranteed to be net negative.
If instead he gifted only the after-tax proceeds to his daughter (which would be more reasonable), he would only be "down" $1875 after the gift tax, and even then he could just take that out of her gift, which would mean that she would only get $1875 in total (assuming 50% tax), and he would net $0.
He's a nice guy for giving her the whole $7500 though.
That's not cool.
The Bank of Scotland prints its own notes, but are rarely in circulation in the rest of the UK. Somehow it's mildly amusing passing over a Scottish fiver to an unsuspecting checkout assistant in London, and the ensuing suspicion.
http://www.royalmint.com/aboutus/policies-and-guidelines/leg...
The shops are free to reject the note, and possibly to lose your custom.
The $100 Currency Sheets are _beautiful_ because it is so colorful. http://www.moneyfactorystore.gov/100currencysheets.aspx
The markup is much lower on the $100 4-Sheet since it costs $480 for $400 of spending power. Or reduce the markup further by buying 16-Sheet for $1,800. Then cut them up into smaller sheets of 4 each. Markup then is only $50 (or 12.5% over face value) per final 4-sheet.
Moral of the story: don't joke about if someone asks you about whether you are committing a crime?
The only reason USSS got involved to begin with is because the casino security officer was (rightly) suspicious of some guy in the casino ripping bills off a pad and feeding them into a slot machine...
Also, I don't have a lot of casino security experience, but if a guy rips bills of a pad, it seems more likely he is joking around instead of counterfeiting. If you were counterfeiting currency you wouldn't want it on a pad, that's not very realistic at all.
Currency protection is one of the absolute most critical functions of a government, if people lose faith in your currency it causes a ridiculous number of problems.
When the US was young it's presidents didn't require the level of protection they require now (in fact a few of those presidents would have been as likely to shoot an attacker as not).
Eventually they realised that presidents do require protection but deciding who to use for that protection is quite a nuanced task, there are risks involved in having military protection or police protection (remember the political climate at the time was one of ongoing revolutions around the world and in Europe) so they needed an agency that existed, was extremely professional and likely wouldn't ruffle too many feathers.
The US Secret Service fit the bill ideally.
Giving a fake ID to a secret service person might be illegal, but at that point they might have figured out he was pulling their leg. Even government officials sometimes have a sense of humor.
People should know that there's a time for serious business and a time for jokes.
Talking to LE or even a Casino Security is not one of them.
How would you feel if you went to a doctor and he acted humorously and dismissively of your complaint (and it looks serious)?
I don't want to live in a world where talking to "Casino Security", not sure why they get capital letters in you world, about a matter where you have done nothing wrong "is serious business".
They wasted his time, he wasted theirs. It all balanced out.
While you've done nothing wrong they have a job to do, and I didn't write it with capital letters because I overestimate them.
Woz just needed to answer "I buy the sheets from US Mint and glue them together", not go on a diatribe that although technically correct might be not so obvious
Of course a sense of humour is important, it's more important to know when to use and what are its limits.
Or feel free to call fire in a crowded theater and tell it's a joke.
And then when the owner asks me about it I answer "this is legal, I'm not doing anything wrong, I have nothing to say, now go away", then be surprised when the owner calls the cops.
Hopefully in the future he decided to not waste other people's time on his idle curiosity.
I think he said "it works with the pen", now this is a test but it's not very reliable
"Using such pens is not a foolproof method of checking that a banknote is genuine"
http://www.bankofengland.co.uk/banknotes/Pages/retailers/hin...
(they probably checked other security features, but the older notes have less features)
If casino security was paying Wozniak to answer questions, then they'd have a right to be miffed if he didn't.
Someone is in debt until the payment is settled to the satisfaction of the parts (and legal limitations), which wasn't the case there.