I wish that they change the law because it is old and outdated. 10k is not what it used to be. They should increase the amount of currency that needs to be reported to a more practical value.
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Point made. About 1985 or so, a bridge team that I was on drive down to Yankee land for a tournament. At the time, it would be fair to say that I had just a bit more than nothing. The US customs agent, a lady, seriously asked if any of us were carrying 10k or more on us.
I started laughing and said “lady, I wish”. I have no idea how long prior to that date, that the 10k limit had been in effect. I would have responded earlier, but I had a project to take care of.
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