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re: businesses & tax evasion - edited title
Posted on 8/16/17 at 2:50 pm to Nuts4LSU
Posted on 8/16/17 at 2:50 pm to Nuts4LSU
quote:
Are you assuming that all cash-only businesses are engaged in tax evasion?
I'm not sure if the OP is doing this, but I'll gladly assume that all cash-only businesses are engaged in tax evasion.
0
Posted on 8/16/17 at 2:52 pm to Nuts4LSU
quote:She clearly said USUALLY
Are only Asian businesses allowed to be cash-only?
quote:They arent allowed to, but it makes it easier to
What rules are they being allowed to break?
quote:It is a good assumption. Obviously, sometimes an incorrect one
Are you assuming that all cash-only businesses are engaged in tax evasion?
quote:They make up a percentage higher than their population percentage would suggest
Or just mainly the Asian-owned ones?
Who new the hardasses of the OT would be so SJW with this
Posted on 8/16/17 at 2:52 pm to slackster
quote:
Cash only or largely cash business don't report their incomes accurately. I'm not sure how this is even debatable.
If all businesses with cash income incorrectly report their cash income, then the only solution would be to require all businesses to be completely cashless. If you assume cash income is always underreported just because it's supposedly easy to underreport it, any business that isn't completely cashless is breaking the law. Why single out Asian-owned ones or ones that are mostly or exclusively cash?
Posted on 8/16/17 at 2:52 pm to LadyTigress
How do you like my business?
Posted on 8/16/17 at 2:53 pm to LadyTigress
massage parlors take credit cards....or so i'm told
Posted on 8/16/17 at 2:53 pm to slackster
quote:
Fair enough, but underreporting cash income is muchhhhhhhh more difficult to prove than inflated expenses.
Agreed, they cheat smarter.
But the biggest corporations are fleecing the government muchhhhhhhhhhhhhhhh more than all of the "asian" run businesses combined, multiplied by a million.
Posted on 8/16/17 at 2:53 pm to Nuts4LSU
That was just an example, based on the most common situation I find myself in when needing cash. Only at the tailor or nail place, never really anywhere else. If you know of another stereotyped group that is regularly getting away with these business mgmt practices, by all means, discuss.
Posted on 8/16/17 at 2:54 pm to lsupride87
quote:
Who new the hardasses of the OT would be so SJW with this
Seriously. I thought this was a safe space
Posted on 8/16/17 at 2:56 pm to Festus
quote:
But the biggest corporations are fleecing the government muchhhhhhhhhhhhhhhh more than all of the "asian" run businesses combined, multiplied by a million.
agree, but in a lot of cases condoned, enabled by the gubment, and don't even start on how John Q. Taxpayer gets a rim job on both ends of this spectrum
Posted on 8/16/17 at 2:59 pm to LadyTigress
quote:Cant argue with that. Especially since you'd think it hurts your business since people don't carry much cash anymore.
but when the only option is to pay with cash? Um, that's a red flag.
Posted on 8/16/17 at 3:00 pm to 777Tiger
quote:
agree, but in a lot of cases condoned, enabled by the gubment, and don't even start on how John Q. Taxpayer gets a rim job on both ends of this spectrum
Exactly. I agree with you 100%.
To single out:
a. small
b. asian
as businesses that are evading taxes seems laughable to me. They probably make up less than 1% of this "evasion". The vast majority of tax evasion comes from the mom and pop run companies, along with the giant corporations that can hire lawyers and CPA's to guide them.
And don't get me wrong, more power to them. Just don't blame a hard working race for the tax evasion system in the U.S.
Posted on 8/16/17 at 3:00 pm to slackster
quote:
Cash only or largely cash business don't report their incomes accurately. I'm not sure how this is even debatable.
Are you advocating to make cash illegal?
Posted on 8/16/17 at 3:02 pm to Festus
quote:
Just don't blame a hard working race for the tax evasion system in the U.S.
well, she did say usually
Posted on 8/16/17 at 3:02 pm to Abadeebadaba
quote:
There is this shitty little breakfast place in PCB that I went to one time. The sign read "Val's cash only", food was god awful.
Are we supposed to be waiting for the punchline?
Posted on 8/16/17 at 3:03 pm to LadyTigress
quote:
but all business owners should have to follow the rules like everyone else in America
lord have mercy, clever/smart business owners use every loophole they can to "avoid" paying taxes.
ask your boy trump (not knocking him for doing this btw)
Posted on 8/16/17 at 3:03 pm to LadyTigress
I'd be more concerned about the sex trafficking these massage parlors bring in than tax evasion
Posted on 8/16/17 at 3:04 pm to Festus
quote:This is where I explain the difference between tax evasion and tax avoidance class
along with the giant corporations that can hire lawyers and CPA's to guide them.
Posted on 8/16/17 at 3:04 pm to go ta hell ole miss
Well I know the OP has never eaten at Moscas but it's probably because of lack of parking-not the cash only policy.
Posted on 8/16/17 at 3:04 pm to 777Tiger
quote:
well, she did say usually
touche'
My only point is that the thread title would be much more accurate as "All businesses & tax evasion". They all use different methods, but to believe that most businesses are paying 100% of what they owe in taxes is, well.....naive.
Posted on 8/16/17 at 3:04 pm to Festus
quote:
Just don't blame a hard working race for the tax evasion system in the U.S.
I wasn't saying they were the main culprits or anything, just pointing out that they get away with it.
This post was edited on 8/16/17 at 3:06 pm
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