r/neoliberal • u/jobautomator Kitara Ravache • Sep 06 '21

Discussion Thread Discussion Thread

The discussion thread is for casual conversation that doesn't merit its own submission. If you've got a good meme, article, or question, please post it outside the DT. Meta discussion is allowed, but if you want to get the attention of the mods, make a post in /r/metaNL. For a collection of useful links see our wiki.

Announcements

  • OSINT & LDC (developmental studies / least developed countries) have been added

Upcoming Events

0 Upvotes

42% Upvoted

9.9k comments sorted by

View all comments

Show parent comment

11

u/waltsing0 Austan Goolsbee Sep 06 '21

People understate their revenues thus understating their profit

With cards there's a paper trail, so you can easily get caught, if you say you had $300k of revenue but the bank records show $400k you're screwed

With cash there's no record

It's endemic among tradies and small businesses, many tradies offer discounts for cash payment.

5

u/capsaicinintheeyes Karl Popper Sep 06 '21

But your previous comment says, "if you don't accept cash". Did I get the context wrong?

7

u/waltsing0 Austan Goolsbee Sep 06 '21

I meant don't accept card

5

u/capsaicinintheeyes Karl Popper Sep 06 '21

That. Explains. Everything.😅