the spending is the tax liability
it’s not cat and mouse, not catch me if you can
Discussion
They don't know if I've spent it though, right? My transactions have been mixed and mixed to the point they can't prove I don't still hold it, its still legal to mix.
you’re saying if you pay your barber or tip your server in cash, they revenue department won’t know if they don’t report it as income
that’s correct, but that’s also harder to scale
Yes, that is an assumption I should include when asking these questions. It is harder to scale, I also know my stylist doesn't report her tips anyways, but right now she uses venmo so by all rights this seems better.