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Old 08-04-2014, 09:34 AM   #61
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What about all the tax money that was missed when people purchased products from Amazon? They weren't charging tax in many areas for years. That is surely more lost money than all of the people here on this site combined.
The fact that the government didn't get its' meat hooks on the money doesn't mean it was money lost. It was money they weren't entitled to.
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Old 08-04-2014, 11:19 AM   #62
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Re: Cash


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The fact that the government didn't get its' meat hooks on the money doesn't mean it was money lost. It was money they weren't entitled to.
By law, no less.
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Old 08-04-2014, 12:34 PM   #63
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Re: Cash


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Originally Posted by RangoWA View Post
The fact that the government didn't get its' meat hooks on the money doesn't mean it was money lost. It was money they weren't entitled to.
I'm just playing devils advocate. People here are so worried about taking cash from a customer but there are so many other larger fish out their getting away with a lot more than a few thousand dollars. Just like putting your money in off shore accounts to avoid taxes. Only the rich can afford that loop hole.

If you sell something and make a profit, the IRS is entitled to it's share no matter what. Just reading what others here have posted.

I say do what you want but if you get caught you will pay the price. Independent contractors are small fish in the sea while the whales are getting away with what they want because they have good accountants and lawyers.

Two wrongs don't make a right but the rich keep getting richer and the poor keep getting poorer.
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Old 08-04-2014, 03:03 PM   #64
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Re: Cash


Quote:
Originally Posted by gastek
I'm just playing devils advocate. People here are so worried about taking cash from a customer but there are so many other larger fish out their getting away with a lot more than a few thousand dollars. Just like putting your money in off shore accounts to avoid taxes. Only the rich can afford that loop hole. If you sell something and make a profit, the IRS is entitled to it's share no matter what. Just reading what others here have posted. I say do what you want but if you get caught you will pay the price. Independent contractors are small fish in the sea while the whales are getting away with what they want because they have good accountants and lawyers. Two wrongs don't make a right but the rich keep getting richer and the poor keep getting poorer.
That's not true at all. There is a law on the books about internet businesses. That's why there are no taxes being applied. I believe Amazon is just being proactive and that are pushing for federal legislation.
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Old 08-04-2014, 03:52 PM   #65
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People do whatever. As for me, I declare everything and pay what I owe.
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Old 08-04-2014, 03:55 PM   #66
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Re: Cash


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Originally Posted by gastek View Post
I'm just playing devils advocate. People here are so worried about taking cash from a customer but there are so many other larger fish out their getting away with a lot more than a few thousand dollars. Just like putting your money in off shore accounts to avoid taxes. Only the rich can afford that loop hole.

If you sell something and make a profit, the IRS is entitled to it's share no matter what. Just reading what others here have posted.

I say do what you want but if you get caught you will pay the price. Independent contractors are small fish in the sea while the whales are getting away with what they want because they have good accountants and lawyers.

Two wrongs don't make a right but the rich keep getting richer and the poor keep getting poorer.

I think you're confusing sales tax with income tax.
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Old 08-04-2014, 04:04 PM   #67
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Re: Cash


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Originally Posted by RangoWA View Post
The fact that the government didn't get its' meat hooks on the money doesn't mean it was money lost. It was money they weren't entitled to.
That's not true Amazon was not required to collect the sales tax, but the consumer is required to pay their state the sales tax. In MD if you are caught not paying the sales tax on out of state purchases they take the of amount sales tax they find that you did not pay times it times 16( so for every dollar it is $16.00) then calculate the penalties & interest. How do they find out they either they audit you or they find out by stopping your shipment at a weigh station.

I have been audited 4 times in the last 5 years once by the IRS & 3 times by different state agencies. The only amount they came up with that they said I owed was $53.78. They were wrong, but it would have cost way more then that to fight it, so I just paid it. The auditor auditing my out of state purchases said we were the only company that he audited that paid the sales tax on out of state purchases & that they are instructed to look at them.
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Old 08-04-2014, 06:14 PM   #68
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Re: Cash


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Two wrongs don't make a right but the rich keep getting richer and the poor keep getting poorer.
This ties into my last thread "DIY skills will be extinct by the year 2048."
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Old 08-04-2014, 06:47 PM   #69
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That's not true Amazon was not required to collect the sales tax, but the consumer is required to pay their state the sales tax. In MD if you are caught not paying the sales tax on out of state purchases they take the of amount sales tax they find that you did not pay times it times 16( so for every dollar it is $16.00) then calculate the penalties & interest. How do they find out they either they audit you or they find out by stopping your shipment at a weigh station.

I have been audited 4 times in the last 5 years once by the IRS & 3 times by different state agencies. The only amount they came up with that they said I owed was $53.78. They were wrong, but it would have cost way more then that to fight it, so I just paid it. The auditor auditing my out of state purchases said we were the only company that he audited that paid the sales tax on out of state purchases & that they are instructed to look at them.
How does that contradict what I said? Whether or not Amazon collected what it didn't have to doesn't mean the government was entitled to it.
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Old 08-04-2014, 06:57 PM   #70
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That's kind of exactly what it means. If the tax was not due, then how are they entitled to it? Makes no sense
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Old 08-04-2014, 07:03 PM   #71
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This has a little to do with the topic.

My ex wife, a South Philadelphia Italian (both parents born in Italy) actually believed that if you paid cash for something it was illegal for them to charge you sales tax. I'm not kidding either. We actually got into full blown argument over this subject.

To this day, I'll bet she still believes that. Philadelphia is a big city, but South Philly is a land of its own. Crazy.
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Old 08-04-2014, 07:23 PM   #72
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At lot of contractors in Alabama does the same thing pay you under the table without taxes, or as a 1099.
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Old 08-05-2014, 06:09 AM   #73
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I think you're confusing sales tax with income tax.
Yep I sure was. But tax is tax and gets paid to someone. Down the line the IRS gets some of it.
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Old 08-05-2014, 07:48 AM   #74
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Re: Cash


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This has a little to do with the topic.

My ex wife, a South Philadelphia Italian (both parents born in Italy) actually believed that if you paid cash for something it was illegal for them to charge you sales tax. I'm not kidding either. We actually got into full blown argument over this subject.

To this day, I'll bet she still believes that. Philadelphia is a big city, but South Philly is a land of its own. Crazy.
I understand why you divorced her.
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Old 08-05-2014, 07:54 AM   #75
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That, and I'm pretty sure she was bi-polar.

Edit: let me clarify: bi-polar and refused to seek help. I understand there are meds for that. Nope. We fought like crazy for 2-1/2 yrs. Mostly her telling me how worthless I was really. I can only take do much of that.
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Old 08-05-2014, 10:42 AM   #76
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That, and I'm pretty sure she was bi-polar.

Edit: let me clarify: bi-polar and refused to seek help. I understand there are meds for that. Nope. We fought like crazy for 2-1/2 yrs. Mostly her telling me how worthless I was really. I can only take do much of that.
Bi polar and profoundly retarded, I hope she was hot.
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Old 08-05-2014, 03:14 PM   #77
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Yep I sure was. But tax is tax and gets paid to someone. Down the line the IRS gets some of it.
Tax 'is not' tax. The IRS doesn't collect sales tax.
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Old 08-06-2014, 11:21 PM   #78
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Ok, why did she pay you that in cash? No reasonable person has that much cash around, it raises suspicion of illegal activity and causes a slurry of questions as to why.
That's presumptuous to say the least.
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Old 08-07-2014, 02:44 AM   #79
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Ok, why did she pay you that in cash? No reasonable person has that much cash around, it raises suspicion of illegal activity and causes a slurry of questions as to why.

I had a guy wanting to pay me an entire project in cash, but not to deposit it, it would raise red flags, and I can't run my company upside down.

Cash just isn't worth it
Safes are cheap
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Old 08-07-2014, 06:23 AM   #80
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That's presumptuous to say the least.
You think so?

Cross an international border with more then 10k in cash, declare it as you cross and see how much time that adds to your 'inspection' at a secondary stop. Don't declare it and get caught, see if you get it back.

Have your house burn down, find your 13k in cash survived and then have the cops standing there questioning you as to why you have that much cash laying around.

So ya, large sums of cash raise suspicions and not presumptuous as all

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