Crypto and taxes
Duncan Frissell
frissell at panix.com
Sun Jan 16 14:48:15 PST 1994
To: cypherpunks at toad.com
Perry says:
P >Perhaps not. Its very common in many large business conducted here in
P >New York in certain seemingly legitimate industries for much of the
P >business to be conducted off the books -- people who will take cash
P >for work are sought after. I will not name the industry in question,
P >but it is one of the few major ones left in the city and it isn't
P >finance.
The size of NYC's underground economy can be proven by the fact that
almost any mortgage lender will give you a "No Income Verification" loan
for a residential property. They don't care where you get the dough from
as long as you have a good record of making payments (they still do a
credit check).
DCF
--- WinQwk 2.0b#1165
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