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Why do people get so up in arms when someone is working for cash? I can think of many instances where I don't consider it a big deal. If you babysit a friend's kids and get paid, you're technically working under the table.

I bring in a nice income, untaxed. I don't "work", but I still earn money.

Whoooo cares??

I had a friend go off about me earning money that is not taxed. After bragging about getting back more than she paid in. Ooookkkkkk
by on Apr. 30, 2013 at 8:26 PM
Replies (41-50):
foxfroggy
by Bronze Member on May. 1, 2013 at 1:11 AM

You claim to have enough income to have paid $66K in taxes and any earning and winnings should have been added to your gross inclome. Cash "winnings" of any kind are taxable, although you may deduct gambling losses from earnings. Win big at any casino and expect to hear from the IRS very quickly.

You seem to justify being a tax evader by looking down your nose at those you ASSume never paid a penny. It's time you bought a clue. If I knew who you were, I'd strongly consider turning you in to the IRS for being a cheater and not even claim the reward.

EireLass
by Ruby Member on May. 1, 2013 at 8:07 AM

You PAID $66,000.00 in personal income tax?

Quoting Jack_Squat:

I guess it is taboo. I figure the 66,000 we paid in taxes for last year is sufficient. What I make in my hobby is my business. Lol
Quoting Veni.Vidi.Vici.:

I think it's a taboo topic. I don't believe that most people claim all of their earnings and pay taxes on every cent. I'm sure SOME do. meh It's one of those things I wouldn't talk about with others.I'll tell you what I had a hard time wrapping my mind around...a couple we know completely renovated their home inside and out and then filed for bankruptcy and got to keep their cars and the house but not pay back a cent they charged to 'rebuild' their home.


Billiejeens
by Gold Member on May. 1, 2013 at 9:47 AM

 

Aren't you in another country, on a another continent?

Do you have US income that you pay taxes on?

Quoting turtle68:

 

I paid out of pocket for private health insurance...its part and parcel of being in the high income bracket.  I paid for free heathcare for everyone as well.

I dont get perks other than high deductions applicable to a job that earns a lot.  Your job would of been able to do the same...anyone who pretends they cant get large deductions in a high income job is lying.  

Maybe you should explain yourself better in your OP.  Nowhere does it say that the person who was bragging wasnt working or hasnt worked...ever.

I too dont give a crap if you pay or dont...like I said, I judge for the reasons I gave...IMO you are a high bracket income earner who pays a lot in taxes...having a hobby and not paying taxes is up to you.  I dont think you need the money so its more like a "ha I can do as I please...they get enough already" mentality....meanwhile losers like my friend who has never worked a day in their life gets a handout and has the audacity to chew me out...wtf?!.

Is she a SAHM whose husband works and she is collecting child entitlements?  A disabled person collecting a benefit? Or is she a single mom with her hand constantly out, got knocked up at 17 and never had a job ever?  The former, well she is entitled to chew you out...she is doing everything legally, it matters nought if she has worked or not, hubby is doing that for her family. The later....well yep not in a position to verbally judge your situation.

Either way...she is doing what is legal...you are not.

 

Quoting Jack_Squat:

Ah, well, we don't get those perks, either. We pay out of pocket for everything so I guess, by your thinking, we paid a helluva lot more.

I honestly don't care what people pay in or get out. I do care, though, when I'm chewed out for not claiming my cash winnings by someone who has never paid a dime in.









 

Billiejeens
by Gold Member on May. 1, 2013 at 9:51 AM

Based onthenumbers that she s providing.

She states she paid 45%

She States $66,000.00.

Simple math tells me she is claiming roughly -

Income of $146,000, with a tax burden of $66,000.00.

Unless she is claiming the $66,000.00 includes "ALL" taxes paid to any entity, she needs to fire her accountant, today.

 

stormcris
by Christy on May. 1, 2013 at 9:57 AM

Did you receive a gift from a relative? Did you pay income tax on it? Then you might be doing the same as someone who is working under the table.

Did you sell your stuff? Did you pay taxes on it? Then you might be working under the table.

Did you buy something from another person? Does your state collect use tax? Did you pay it? Then you are doing the same as someone working under the table.

People work for cash everyday. However, if you do it is your responsibility to pay taxes on it and report it. It is just like being self employed. There is nothing dishonest about not having taxes taken out of your money. It is however illegal not to pay taxes on that money you earned. So that is the issue.

Jack_Squat
by Silver Member on May. 1, 2013 at 10:10 AM
Im also talking about state tax. And all the other stuff that comes with self employment. You're forgetting deductions.


Quoting Billiejeens:

Based onthenumbers that she s providing.


She states she paid 45%


She States $66,000.00.


Simple math tells me she is claiming roughly -


Income of $146,000, with a tax burden of $66,000.00.


Unless she is claiming the $66,000.00 includes "ALL" taxes paid to any entity, she needs to fire her accountant, today.


 


Jack_Squat
by Silver Member on May. 1, 2013 at 10:13 AM
Yes.


Quoting EireLass:

You PAID $66,000.00 in personal income tax?

Quoting Jack_Squat:

I guess it is taboo. I figure the 66,000 we paid in taxes for last year is sufficient. What I make in my hobby is my business. Lol

Quoting Veni.Vidi.Vici.:

I think it's a taboo topic. I don't believe that most people claim all of their earnings and pay taxes on every cent. I'm sure SOME do. meh It's one of those things I wouldn't talk about with others.I'll tell you what I had a hard time wrapping my mind around...a couple we know completely renovated their home inside and out and then filed for bankruptcy and got to keep their cars and the house but not pay back a cent they charged to 'rebuild' their home.



MeAndTommyLee
by Gold Member on May. 1, 2013 at 10:18 AM

Illegals do this more often then not, considering they would have to file I-9 to be legally employed. 

Billiejeens
by Gold Member on May. 1, 2013 at 10:18 AM

 

Nope, deductions lower your rate, self employement is actually one of the best ways to lower ones tax rate, so much can legitimately be deducted for business use. All the more reason to be honest though.

I received $12.00 in jury pay one year, and you bet your ass I listed the $12.00 as misc income, I do not ever want a visit from the IRS.

Quoting Jack_Squat:

Im also talking about state tax. And all the other stuff that comes with self employment. You're forgetting deductions.


Quoting Billiejeens:

Based onthenumbers that she s providing.


She states she paid 45%


She States $66,000.00.


Simple math tells me she is claiming roughly -


Income of $146,000, with a tax burden of $66,000.00.


Unless she is claiming the $66,000.00 includes "ALL" taxes paid to any entity, she needs to fire her accountant, today.


 



 

Jack_Squat
by Silver Member on May. 1, 2013 at 10:26 AM
Yes.


Quoting EireLass:

You PAID $66,000.00 in personal income tax?

Quoting Jack_Squat:

I guess it is taboo. I figure the 66,000 we paid in taxes for last year is sufficient. What I make in my hobby is my business. Lol

Quoting Veni.Vidi.Vici.:

I think it's a taboo topic. I don't believe that most people claim all of their earnings and pay taxes on every cent. I'm sure SOME do. meh It's one of those things I wouldn't talk about with others.I'll tell you what I had a hard time wrapping my mind around...a couple we know completely renovated their home inside and out and then filed for bankruptcy and got to keep their cars and the house but not pay back a cent they charged to 'rebuild' their home.



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