Quote:
Originally Posted by
tableplay
Quote:
Originally Posted by
mickeycrimm
Theres a bar in Nenana, Alaska called Moochers. I bartended there from the summer of 1982 until the spring of 1983. The slot route operator would come through every two weeks and empty out the money in the pool table and the jukebox.
It was a 50/50 split between him and the bar. He made the receipts out for exactly half the money taken in. Only 50% of the money went into the bars books and only 50% went into his books. The rest was all under the table.
That's how easy it is to pencil the IRS.
Some route operating companies (not implying the one at Moochers' was) were just money laundering fronts. For example, such a company would drop pinball machine(s) at a location and then never maintain them. The company could care less if no one played the games due to poor maintenance as that wasn't the purpose. I found a pinball machine turned on and accepting money with only one flipper (just the tip of the iceberg as far as various issues go on the machines encountered in the wild) for example from a large route operator back in the 90's. If you got to the pinball machines right when they put them in, you could get in a couple of weeks of clean play before the machine started to deteriorate.
If these tax evasion and money laundering stories are the only examples you guys could dig up, they sadly expose how much out of the loop you really are.
If I try to compare those claims to what was and what still is going on with tax evasion, it would be like never betting more than one penny in a penny slot machine. LOL
(Almost) all small businesses not in the multi-million and billion-dollar range would fold if they paid all the correct taxes. This is why accountants will usually demand an engagement letter be signed before preparing any taxes confirming you provided the numbers and information for the filing.
It’s still like that today, and anyone who says otherwise either don’t know, don’t have a clue, or are in denial.