U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2017, 02:40 PM
 
Location: Close to an earthquake
890 posts, read 627,735 times
Reputation: 2384

Advertisements

How significant do you believe the underground economy is? Compared to prior year, do you think it's greater, less or about the same?

What do you think of people who qualify for government entitlement programs because their above-the-ground income "qualifies" them?
Reply With Quote Quick reply to this message

 
Old 06-18-2017, 02:59 PM
 
Location: The Triad (NC)
26,896 posts, read 58,020,547 times
Reputation: 29341
Quote:
Originally Posted by borninsac View Post
How significant do you believe the underground economy is?
Compared to prior year, do you think it's greater, less or about the same?
Look at the U6 numbers year over year.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 03:35 PM
 
5,608 posts, read 4,219,894 times
Reputation: 10577
You are worried about the underground economy for people trying to get or maintain entitlement programs. That is chicken feed compared with the underground economy involved in small businesses. Tradesmen and small businesses want cash to be able to avoid taxes. Over the years I cannot begin to imagine how many tens of thousands of dollars I have paid in cash. I get the cash discount and the tradesman or business owner avoids taxes.


Since I was always salaried and paid high taxes, this huge underground economy always bothered.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 03:36 PM
 
5,608 posts, read 4,219,894 times
Reputation: 10577
I guess I should have also mentioned the millions of illegal aliens who do not pay taxes.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 05:17 PM
 
4,229 posts, read 1,911,784 times
Reputation: 3787
Are those the same millions of illegals who somehow voted for Hillary?
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 05:25 PM
 
17,644 posts, read 12,253,083 times
Reputation: 12878
Quote:
Originally Posted by jrkliny View Post
I guess I should have also mentioned the millions of illegal aliens who do not pay taxes.
I guess you should also include the millions of illegal aliens who did pay taxes. How many illegals live in the US and do not pay taxes? I promise you it isn't millions
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 06:02 PM
 
4,229 posts, read 1,911,784 times
Reputation: 3787
Exactly. The name of the game for employers is plausible deniability. That means you treat all employees as if they were legal, even the ones you secretly suspect might not be. Legal or illegal, everyone pays the same income and payroll taxes because the employer is the one who pays them, and differential treatment on his part is like sending in a signed confession.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 08:11 PM
 
Location: Paranoid State
12,697 posts, read 9,466,900 times
Reputation: 14953
I see no reason to believe the underground or barter economy is any larger than it was a decade ago, or two decades, or three decades ago.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 08:56 PM
 
4,882 posts, read 2,164,669 times
Reputation: 12411
Hmmm....Hadn't quite sat down and considered the times I paid cash...Kid shoveling my drive way...Or the tow truck guy who only accepted cash.

This could work in my favor...I'm currently negotiating with a chap on some car repairs. I supply all the parts..He does the labor. I'm sure it's not being reported...Maybe I can use this to negotiate his ridiculous 80$ an hour fee. If he isn't claiming it on his income...
Nice thing about being forthright..Keeps your hands clean.
Reply With Quote Quick reply to this message
 
Old 06-18-2017, 09:05 PM
 
Location: Southwest
457 posts, read 430,138 times
Reputation: 420
The majority of illegals in the U S are "under the counter" economy members. Illegal use of pilfered SSN's,
claiming large numbers of dependents, allows them to avoid income tax and qualify for various welfare
programs, depending on the state(s). The only solution is mandatory E-Verify. When this occurs, the traffic
heading south will increase dramatically. Bet on it!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top