OldEnoughToKnowBetter Wrote:
May 16, 2012 9:57 AM
A politician I know once said that the art of taxation is to keep them as high as possible but low enough that the black market doesn't take over. I think that's where we are now. Many of the people that I know who are working independently (either a second job to make ends meet, between jobs, or laid off) are asking to be paid in cash, even significant amounts of cash. The law requires banks to report cash transactions over $10K, but several separate $9,999 cash transactions are perfectly legal.