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Personally I think bosses like it because they don't have to pay their part of payroll taxes on it. Employees like it because they don't have to pay income tax
by ksaj 4y ago
Personally I think bosses like it because they don't have to pay their part of payroll taxes on it. Employees like it because they don't have to pay income tax on it.
So, it's a tax scam at best. Instead, as a few (and you) have said, just pay them right to begin with. Tax shouldn't feel like gouging if you're getting paid appropriately anyway.
Another way to look at it: Why force these people to cheat on taxes while letting the rich not pay taxes at all?
- patrick451 4y agoThe tax argument certainly made sense when most people payed cash, but when it all goes through credit cards, doesn't that force reporting?
- fortran77 4y agoThis is dishonest flame bait. Nobody is being "forced" to cheat on taxes and the majority of "rich" people, save for smugglers and organized criminals, don't have any income that the Government doesn't know about.