1M
...
This is a segment from The Breakdown newsletter. To read full editions, subscribe.
“Public service is my motto. Ninety-nine percent of the people in Chicago drink and gamble. I’ve tried to serve them decent liquor and square games. But I’m not appreciated.”
— Al Capone
Breaking the law can be productive (for everyone)
Here are two things I believe: Tipping in cash so your server doesn’t owe taxes is good — but officially making income earned from tips tax-free is bad.
Let me explain.
Paying tips in cash is good because it helps low-margin businesses like restaurants hire staff they might not otherwise be able to afford.
More broadly, cash…
Read more on Blockworks