Originally posted by cdtm
That's what they report.I'm sure you've read the piles of reports of offshore tax havens, and how much money is really stashed there.
Those figures are just what the government knows about. There are always "dark accounts" and "dark transactions."
There is a mega-multi-billion dollar dark transaction industry among immigrants who use cash-only systems to skirt around taxes. I know: I give them my money.
Any time you walk into a business and it says 'cash only', it's avoiding taxes 100% of the time with 3 degrees of precision. And, every time, it is an immigrant owned business.