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you're on! when are you coming? |
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'if men were angels, we wouldn't need laws' |
I recall when gas was sold 4 cents per gallon cheaper when using cash in Tx years ago. I believe they outlawed that. Then there were the CC only places, perhaps to thwart skimming. I once left cash for gas at such a place and drove away. Can't use the coin-o-the-realm? Then I'm out...
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locks only keep out the honest people.
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I always use cash - unless it's over $200. I'ts fast, ultra fast :D
There is nothing worse than getting stuck behind a line of school kids in the supermarket. Each one buys a bag of chips or one candy bar. Then waiting for the f' to put in their card, put in their PIN number, wait, wait, remove card, then next kid. Or the old gits at homestore type places. |
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Oh thanks for reminding me of "the good old days" :D
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Both Home Depot and Target supposedly affected me. I put my new cards in my wallet, threw away the old ones, and didn't waste another thought on it. When I blow cash, at the end of the month I have no idea where it went. When I use my card I can dump it in a spreadsheet and see that I spent $xxx eating out. And I don't have to go to the ATM a dozen times to refill my wallet, and I never have a pocket full of change. Swipe - PIN - done. If it takes longer than cash you're doing it wrong. |
I do enough business on my credit card to pay for 4 round trip tickets to Maui a year , I almost always use a cc
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I don't get the no bills over 20 places. Its still "US CURRENCY"isn't it? Are there that many fake 100s out there, even the new $100? wht the hell happened to cash is king?
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In day to day / face to face purchases I use cash 99 % of the time, nobody can steal my card numbers. I use the card to buy gas & that's about it.
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I like dealing with cash and I often get a good deal because of it.
People running their own business have enough issues just staying open so I don't worry about what they may or may not be doing. And anyway, If they're breaking the law eventually that will catch up with them. |
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I've worked at trade shows for a friend a couple times, and we started off the day with $100 in five-dollar bills just to make change. Another stack or two of fivers stashed away in case we need more. We priced everything so that with sales tax added, all sales ended up being a multiplier of 5. |
Yeah I understand that. Usually for lunch or dinner. I almost never buy anything before 10-11am.
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It literally takes a couple weeks of investigation by the local constables. -Average check stubs (no 'special wine' allowed). -Average menu prices. -Compare to distributor truck deliveries. -Compare to foot traffic. -Bam. Tax Fraud. Shutdown. Flaw #2: Banks automatically skim 1-7% off the restaurant's top end just for paying by plastic. -The difference has to be made up somewhere- quality of product, employee compensation, somewhere. The only difference is that paying by card "looks" more legitimate as a tax exemption business write-off. That is cultural. Not legal. |
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My debit card number was stolen. They charged some things but the credit union caught it. I did not loose one penny except the time to go to the credit union and get a new card. |
If you operate a cash only business you are making it MUCH easier for your employees to steal from you.
Alternatively you are making it much harder for big banks to steal from you ;) Audit hint: Auditors know to look for excessive 'void' transactions in registers and also can decide you did $xxx,xxx in sales based on your PURCHASES if your records are inadequate. |
A friend of mine owned a nice car wash with multiple bays. The self service wand type of place. 100% cash, all quarters.
He has the IRS after him because some bean counter looked at his water bill and calculated the time it takes to wash the average car and he was using way more water than that bean counter figured he should. He told the investigator to meet him at the car wash on a Monday morning. As usual several stalls had some of road mud lover stop and wash their truck and leave huge piles of mud and crap. He showed how every morning he gets there and has to clean the place up. He had to hose all the concrete down and then clean out the grease and mud traps. He showed the investigator the cash collection for the night and ran it through the counter. He spent several hours there and a lot of water to get the place ready for customers to come wash cars. In the end they decided the water numbers fit his income. My buddy admitted he would buy himself a 12 pack of beer about once a week with quarters. He called it his bosses bonus. |
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