About twice a month, I order take-out at a local, family-owned, ethnic restaurant. Each time, I pay cash. The clerk gives me my change without ringing the order in the cash register.
Is there anyone in this newsgroup that is naive enough to believe that they pay taxes on this transaction?
I would think that most small, family-owned businesses that have cash customers pocket the cash rather than declare it. Are there any statistics on this issue? (of course, how reliable are those statistics).
You are asking about the "Gross Tax Gap".
Read all about it here:
It's not my duty to pay with plastic just to force the retailer to put the transaction on the books.
Some people like Coke. I like Pepsi. Some people use plastic. I prefer cash. It's a personal preference for financial transactions as it doesn't leave an audit trail.
That's fine as long as you never need a cash register receipt from that audit trail you dislike so much.
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