4 ms·
A lot of it is to enable the small business owners to hide their real income. At least that's how it works in immigrant communities.
by Xirdus 1mo ago
A lot of it is to enable the small business owners to hide their real income. At least that's how it works in immigrant communities.
- esseph 1mo agoHuh?
- Xirdus 1mo agoBased on the downvote and your reaction, I assume I misread something. We're talking about why Americans sometimes prefer paying with cash over credit card, no?
- IAmBroom 1mo agoI think it was the "immigrants" comment. To me, it's like claiming "black people like chocolate!". They do. So do most people. Why single out black people?
- Xirdus 1mo agoI'm the immigrant in question. I pay with card for literally everything online and offline, except two things - my haircuts and my wife's nails. Both of which accept credit cards. I go out of my way to withdraw cash (10 minute drive) just for these two things. Both the barber and the beautician appreciate it, for obvious reasons. My cousin with housecleaning business also gets paid mostly in cash, also for obvious reasons. It's just a thing we do. I don't know if natural born citizens do it too or not. Personally haven't seen it.
- IAmBroom 1mo agoAnd you wouldn't see it from the POV of a natural citizen, not being one, but I assure you it has nothing to do with immigration. Cash is one of the few ways the "little guy" can sneak things past the IRS.
- esseph 1mo agoI just don't understand the statement. Can you explain the process or idea?
- Xirdus 1mo agoIf there's no electronic record, then there's nothing for tax authorities to compare your declared revenue to. If you say you earned only $1000, then for all intensive porpoises, you earned only $1000 and that's the end of it.
- IAmBroom 1mo agoThat's how it works in established US communities, too. Contractors often give cash discounts (off the record). My lawn mower asks me to write "gift" on checks when I can't pay in cash.