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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My DD graduated from an Ivy and she provides both GMAT and MCAT tutoring while taking a gap year before starting medical school.  She scored 527 on the MCAT and 800 on the GMAT.  She charges $200  per hour and she only works 20 hours per week.  That comes out to be around 200K per year, and since people are paying DD in either bitcoin or cash, no taxes.[/quote]

Psst: She does owe taxes. Tax evasion is a crime.[/quote]

I don't know how the IRS can track bitcoin or cash transactions.  It is virtually impossible to do that.[/quote]

It's still a crime, you're just proud of her for being able to get away with it.[/quote]

+1. The PP is shameful for encouraging her DD to evade paying taxes, just because her DD won't get caught.  Cheap and unethical move.  Does PP exact "other people" to pay for roads, schools, police, fire, etc?  I hope PP will instill ethics in her children. [/quote]

She is not paying in the SS or medicare, can not collect unemployment so that can hurt in the future.  On the other hand, she can probably get food stamps and medicaid.[/quote]

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