[bruinbirdman]

The employer was paying $800/wk and giving the employee a $50 gold piece.

The employer and the employee were telling the IRS they were earning $50/wk. and paying taxes on $50/wk.

yitbos

[AmericaUnited]

So that fits with my take that the employer was saving big on fica taxes...

[Aut Pax Aut Bellum]

The employer and the employee were telling the IRS they were earning $50/wk. and paying taxes on $50/wk. yitbos
Yea. I spent the last four years working for a guy who paid half in cash. Wouldn't pay all in check no matter how much I insisted. I declared it( misc income), because sooner or later, it's gonna come up! Sounds good? No. He laid me off- so I only got half the unemployment comp. Plus I've banked half of the Social Security I would have (just in case they still are around when I get old!)Harder to get a decent loan, since it showed half of what I was earning.