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That's Texas for you. There is a huge underground economy here due to contractors needing no license. I don't see why your contractor wanted cash enough to give a discount, unless you were going to charge it. They usually take your check straight to your bank to cash it.
IMO, that's why Texas will never have an income tax.
I have also done cash only business with service folks in the past couple of months. These are small local business owners.
The Govt has eliminated Food "Stamps" and gone to a Debit card. Is that the new Govt issued card to keep track of our money ? They fade out cash and force you to pay electronically ?
That's Texas for you. There is a huge underground economy here due to contractors needing no license. I don't see why your contractor wanted cash enough to give a discount, unless you were going to charge it. They usually take your check straight to your bank to cash it.
IMO, that's why Texas will never have an income tax.
How do you know that ? Making some broad assumptions there buddy.
And FYI I did use a licensed electrician for my electrical work.
But for the tree trimming I don't think they need to be licensed.
That's Texas for you. There is a huge underground economy here due to contractors needing no license. I don't see why your contractor wanted cash enough to give a discount, unless you were going to charge it. They usually take your check straight to your bank to cash it.
Why would a Landscaper need a license ? There is a huge underground economy throughout the whole US not just in TX.
Almost all Fireman have a 2nd business, many of it is cash. Not every occupation needs to be licensed.
The Govt has eliminated Food "Stamps" and gone to a Debit card. Is that the new Govt issued card to keep track of our money ? They fade out cash and force you to pay electronically ?
With the rise in taxes, we will start seeing an even larger Black Market. People will keep enough to live on even if it means Tax Fraud or Evasion.
I see a huge growth in the cash business.
Yes, the Laws of Economics can never be violated, and when you violate them, Black Markets are created for any number of reasons.
You'll start seeing things like landlords taking cash payments and such off the books and many, many other types of activities related to skirting taxes.
Economically...
Mircea
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