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Do you have any evidence to support this? It could be true, but any cash business owner (low income or not) is likely to cheat precisely because it's not feasib
by learc83 8y ago
Do you have any evidence to support this? It could be true, but any cash business owner (low income or not) is likely to cheat precisely because it's not feasible for the IRS to prove exactly how much cash income you made.
- MagicPropmaker 8y agoHere's one data point. 24% of the people who claimed the "EITC" did so fraudulently (or, at best "in error") No high earner can claim this. https://taxfoundation.org/earned-income-tax-credit-still-faces-high-error-rate/ https://taxfoundation.org/earned-income-tax-credit-still-fac...