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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (410907)	2/15/2011 2:39:52 PM
From: Bill	8 Recommendations Read Replies (5) \| Respond to of 793587

We're getting a fine lesson today on how to cheat on taxes. Anybody know how to rob a bank?

To: Katelew who wrote (410907)	2/15/2011 3:50:28 PM
From: Brumar89	Respond to of 793587

I think this shows people are too suspicious .... just because a business owner is buying groceries from a store doesn't mean he's involved in some scheme ... and frankly this isn't something you'd do as part of a tax savings scheme. The idea would be to not report cash income you receive .... not fail to report cash purchases you make for your business .... that would hurt you.

To: Katelew who wrote (410907)	2/15/2011 4:10:28 PM
From: KLP	Read Replies (1) \| Respond to of 793587

Katelew, Yes, indeed the grocery stores do keep track of what you purchase! And so does Costco. Don't know about what the liquor stores do....In WA we can buy wines at the grocery, but not liquor. We have returned a couple of things to Costco without our slip. They just look up your account and see when you purchased the item. I'm sure that Sam's and other big volume stores do the same thing. They can tell how many of what item one bought for the year. Voila! Lawyers can tell us if these records can be forced from the company and given to the IRS.... And our grocery stores all do....You know those "membership cards"....or give them your phone number so you can get the "lower" price...? That is exactly what they are doing. They know what each customer buys, when, and how much. What started out as an inventory aid can turn into "big brother" depending on who wants to know something.