I had an interesting business discussion with one of my prominent builder clients yesterday.I’m for a flat tax across the board. Just take all the tax breaks away , like was taken from the working man.
He asked me if I could offer a discount for cash, that is hard cash as in bank notes. I am about to invoice him North of 30K for a deposit on the next house, wanted to know if I would consider 5% discount for cash.
I explained that I could not, as all my purchases are from reputable companies and go through my business bank account. I file 1099’s and W2’s for the folks who work for me.
Then I started thinking about this.
When I am on his building sites, almost none of the framers, the tilers, and some of the other trades can speak a word of English.
So my guess is, most of them don’t have social security numbers, and they are paid in cash, by the head honcho, who also gets paid in cash.
So if you want zero taxes, just pretend to be an illegal immigrant.
And your state as well as the Fed will probably encourage you, otherwise how do all these illegals put food on the table.