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Yes, I know it is a ‘Reality Show’ and as such that all that we see is NOT real. That said the BIG deal that Richard Rawling makes about ALL of his cash dealings, most of them in excess of $10K, makes me wonder … In the U.S. there are strict rules and regulations about individual transactions exceeding $10K. In some cases there are IRS forms, Form 8300, that need to be filled and submitted. It is possible that Richard does all of that or that all of the purported ‘cash’ deals are just for the camera. Yes, it is a ‘Reality Show’ but they do portray an alarming disregard for the LAW. Last night we saw an episode where Aaron just jumps into a car they bought — cash — and starts driving it back. No registration? No plates? Not right.
As a diligent taxpayer, I really would feel so much better if the IRS checked ‘Gas Monkey‘ to make sure that all those cash transactions have been properly reported. At a minimum lets make sure that ALL the cash transactions shown on TV were reported. That seems fair.
As I have bitched before I take umbrage to the way they play ‘fast N’ loose’ with financial matters on this ‘Reality Show’. The so called ‘profits‘ that they show at the end of each show are beyond misleading. They do not take into account salaries, equipment, rents, taxes or overhead! That is wrong.
But it would be worse still IF they didn’t play right by the IRS — not to mention the State of Texas. So I hope that somebody will take notice and check.