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pescina
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December 21, 2008 01:32 AM
How do I hide how much I've earned in tips?
I know I should be proud, but what will happen in the future, when I'm diving in opulence and $200 Cuban cigars hanging from my mouth in an arrogant manner? Will I be able to hide my fortune so it doesn't show in my profile? Shall I get me some Caballero's shirts instead?
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December 21, 2008 03:10 AM
The only way to hide (from the tax man) how much you make in tips or other cash income is to A), never put it in a bank, and B), live within your visible means. The tax man can get your bank records -- without your knowing it -- and look for a pattern of living beyond your visible means. If you get a good deal on a big-ticket item such as vast-screen HDTV, Corvette, etc, you want to save the paperwork that shows what you actually paid for it, otherwise an auditor will dig deeper to find out where the money came from.
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pescina
December 21, 2008 04:06 AM
It's not the taxes what worries me. It's the kidnappings and "levantones".
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