Earning 'Unreported Cash'
There are a million ways to earn cash that is unreported. The idea here is to get paid in hard cold CASH. No checks, no receipts whatsoever. So you get paid with cash. The nice thing about cash is that it is anonymous. You can spend it anywhere you like and no one asks any questions. In fact the people that you pay with cash are probably not reporting they were paid. Again, 'unreported cash'.To earn cash you need to have a skill like repairing cars, computers, painting houses, building things for people, or sell drugs. It can be anything that someone is willing to pay you cash for the service. I would venture to say that the people paying you in cash are using 'unreported cash'. Hopefully you are following the cycle here.
Spending 'Unreported Cash'
You have to be careful how you spend this cash. Never pay for anything with cash that is traceable. Traceable things include your electric bill, Credit Card payments, mortgage payments, basically anything that leaves a paper trail. All Uncle Sam has to do is follow the paper. Here are some things that you can safely spend your 'unreported cash' on:- Food (you eat it - its gone - whose to say you ever had it)
- Gas for the car (Again you use it - its gone - whose to say you ever had it)
- Vacations
- Repair work on cars and homes
- Hookers and strip clubs (need I say more)
- Shoes and Clothes
- Dining out
- Go to the Movies
Basically anything that does not leave a paperwork trail.
Benefits of not reporting all your income
There are some hidden benefits of reporting less income every year. For every $1000 of 'unreported cash' that you earn means that you do not have to pay the tax on the money. Now if you are in the 28% tax bracket that means you do not have to pay $280 in tax. In addition, by reporting less income on your tax forms you will be placed in a lower tax bracket. Not to mention the fact that you may become eligible for more entitlement programs like Food stamps, Welfare, and Section 8 help.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.