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Reply #60: That meme is a smokescreen but there is a huge underground economy that [View All]

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bertman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-17-11 07:46 PM
Response to Reply #5
60. That meme is a smokescreen but there is a huge underground economy that
does business 'under the table'. I know people who work in the building trades who do work, have employees, but pay cash payments and underreport their income and payments. They've been doing it for years and have never been audited.

That said, I have also known some who tried to get away without filing the withholding on their employees, but who got caught and got busted. The other group far exceeds that group, though.

We will never know how much goes unreported or underreported, but we could sure as hell pay more IRS agents to do more work uncovering the cheats. Oh wait, we just cut the budget for IRS agents.

As a business owner who does it all 'by the book', this really pisses me off.

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