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Is it illegal to charge insane prices for things? (self.nostupidquestions)

submitted 1 year ago by Lafari to c/[email protected]

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Is there a law preventing me from for example selling a baseball hat for $20,000?

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[–] [email protected] 22 points 11 months ago* (last edited 11 months ago) (1 children)

If it can be proven to be "self dealing" aka your NGO, charity, or non profit purchases or accepts a tax deductible donation of say, a portrait of you, from you or one of your businesses for hypothetically, 100 million dollars, then you may, if you did something particularly odious such as say, run for president. Then you might lose the legal ability to run that sort of organization.

[–] PrinceWith999Enemies 21 points 11 months ago

This is the correct answer. Overcharging (and self-dealing) is typically used in tax fraud and money laundering.

Of course, no one would actually do that, especially if they were to later do something as public as running for president. The entire justice system, due to its fair and impartial nature, would come crashing down on their head with every resource at its disposal, and the people would riot in the streets if it treated such egregious crimes as less important than passing a bad $20 bill.