ULPT- Working under the table
Posted by AvailableAd6071@reddit | UnethicalLifeProTips | View on Reddit | 8 comments
Does anyone else remember "working under the table "? It used to be a way for low income and working poor people to get a leg up and eventually move into the middle class. You would think the powers that be would let this kind of thing slide, seeing as how these people are strivers who will end up paying big taxes in the end. When I grew up, guys worked construction on the weekends for cash, did side jobs doing whatever they did during the week, some sold pot to their friends. Girls babysat for cheap for their friends, waited tables, did hair at home. They just didn't claim the income. It's almost impossible to do this now. Banks have to report large deposits and withdrawals. The irs keeps track of peoples Ebay and Etsy earnings. You need an expensive lisence to babysit or do damn near anything at home, if you're approved to do it at all. Theoretically, how could one do this today? Other than actually selling drugs for cash, how could you cash a check that wouldn't be reportable, or at least traceable? How could you sell products, other than a yard sale- also needs a permit- that isn't instantly reported as income? They have completely cut off the way many, many people were able to rise above the economic class they were born into. I'm asking about the US. I don't know how much this applies to anywhere else.
theHagueface@reddit
Start LLC. Take cash payment. Lose money on paper. Pay no taxes cause you "lost" money. Oldest trick in the book mang.
UnethicalLifeProTips-ModTeam@reddit
Edit removal reason
fatboy2481223@reddit
We always called it “off the books”
badchickenbadday@reddit
The fuck are you talking about”remember”??
iLikeAza@reddit
lol.. people work under the table all the time. If anything it’s much easier now cause you can be paid thru apps or in crypto if tech savvy. I have done free lance gigs & they have asked me if they can just send an Apple Pay instead of filling out paperwork. There are tons of side gigs that pay under the table
berrylakin@reddit
The bank only reports songle deposits made over 9,999 otherwise no one cares about your bank account activity.
If you get paid cash you do not need a bank account.
If you get paid by check there are places that cash checks.
DrunkensAndDragons@reddit
I work for cash and pay my rent in cash. I do landscaping and handyman services. Trucks, tools, trailer paid in cash. I do a lot of work for barter. Got a truck for a lot of carpentry work. Got toys and tools by mowing lawns, dump runs, odd jobs etc. theres a lot of trade list posts on craigslist. Like a list of what you have for trade, and a list of what youre looking for, completely cashless. It starts being sketchy when youre “structuring” depsiting small amounts in bank to avoid tipping off the feds. Its also sketchy to do a cash biz to look poor on paper, so you can get food stamps, low income insurance. You dont have to register your side hustle as a buisness if its less than $500 a month being deposited. So take cash mostly, can deposit small checks to keep money in bank for stuff like utilities, water bill that wont take cash.
Top_Independent_3548@reddit
This still happens all of the time.