Finance

Typical El Presidente Random Thoughts type stuff

Postby random internet username » Mon Nov 22, 2010 9:48 pm

wait, what? you are the one who said you don't want a nice tip because it causes you an inconvenience to receive more money.
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Postby Boston » Mon Nov 29, 2010 9:26 pm

Exclusive: WikiLeaks Will Unveil Major Bank Scandal
http://blogs.forbes.com/andygreenberg/2 ... k-scandal/
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Postby DB » Mon Nov 29, 2010 10:37 pm

Why are people tipping in Cash if they are paying by Credit Card? (And I'm not reading the entire 8 pages if this was already talked about)
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Postby Mk » Mon Nov 29, 2010 10:44 pm

In a nutshell because LPL gives his employer's shit away.
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Postby DB » Mon Nov 29, 2010 10:47 pm

Ahh I didn't realize this was in reference to getting hooked up at a bar
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Postby rearadmiral » Mon Nov 29, 2010 10:57 pm

DB wrote:Ahh I didn't realize this was in reference to getting hooked up at a bar


It's not. I did it because then the people humping for tips can tell Uncle Sam what they made---not some manager's printout at closing. But I guess places just tax on a percentage of sales now so it doesn't matter as much. Still, I'd imagine cash is still king in the hospitality industry.
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Postby DB » Mon Nov 29, 2010 11:00 pm

rearadmiral wrote: But I guess places just tax on a percentage of sales now so it doesn't matter as much. Still, I'd imagine cash is still king in the hospitality industry.


Most bars tax on percentage of the register so unless you're not ringing stuff in it really doesn't matter if its cash/credit for the tip.

You really get screwed if a big party stiffs the tip because you're going to get taxed as if they tipped at least 15% even if they didn't. In the end the bartenders will still steal enough to make out in the end
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Postby rearadmiral » Mon Nov 29, 2010 11:07 pm

Sure it matters. On a card, there's a record of how much is tipped. When you get tipped more than 15% in cash, there's no paper trail so nobody knows how much you really made.
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Postby DB » Mon Nov 29, 2010 11:31 pm

rearadmiral wrote:Sure it matters. On a card, there's a record of how much is tipped. When you get tipped more than 15% in cash, there's no paper trail so nobody knows how much you really made.


It doesn't matter. They take a % of your register and tax u on that (even if cc tip was higher than %)
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Postby longpolelax » Mon Nov 29, 2010 11:34 pm

DB wrote:
rearadmiral wrote:Sure it matters. On a card, there's a record of how much is tipped. When you get tipped more than 15% in cash, there's no paper trail so nobody knows how much you really made.


It doesn't matter. They take a % of your register and tax u on that (even if cc tip was higher than %)


Incorrect anywhere I've worked,
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Postby Ronnie B » Mon Nov 29, 2010 11:37 pm

longpolelax wrote:
DB wrote:
rearadmiral wrote:Sure it matters. On a card, there's a record of how much is tipped. When you get tipped more than 15% in cash, there's no paper trail so nobody knows how much you really made.


It doesn't matter. They take a % of your register and tax u on that (even if cc tip was higher than %)


Incorrect anywhere I've worked,


Do they even have registers at the VFW?
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Postby DB » Mon Nov 29, 2010 11:37 pm

longpolelax wrote:
DB wrote:
rearadmiral wrote:Sure it matters. On a card, there's a record of how much is tipped. When you get tipped more than 15% in cash, there's no paper trail so nobody knows how much you really made.


It doesn't matter. They take a % of your register and tax u on that (even if cc tip was higher than %)


Incorrect anywhere I've worked,


My wife bartebded for 8yrs at places like hurricanes, jillians and laboom and they all did it that way (starting in about '04)
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Postby vtexposfan » Tue Nov 30, 2010 4:26 am

DB wrote:My wife bartebded for 8yrs at places like laboom


Didn't your hear that it's impolite to discuss a woman's age? :lol:
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Postby Boston » Tue Nov 30, 2010 4:44 pm

8 million people abandon credit cards
http://money.cnn.com/2010/11/30/pf/fewe ... /index.htm
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Postby Jackie Treehorn » Wed Dec 01, 2010 5:48 pm

How the fuck is Groupon worth $6 billion?
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