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Subterranean Economy / Part II #55008

ABC Evening News for Tuesday, Jul 04, 1978
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(Studio) Item introduction
REPORTER: Harry Reasoner

(NYC) [Voice of Actress "ELLEN" - pays taxes on money government knows she earned.] Concealment of cash earnings from IRS (Internal Revenue Service) said common practice. [Artist "LINDA" - reasons that she is poverty case, but doesn't get poverty benefits.] [Bartender "JOE" - will declare $500 of $10,000 in tips.] Avoidance of government regulations given as reason why small business joins Subterranean Econ. [Chase Econometrics' Michael EVANS - blames government red tape.] Tax revolt said further feeding such practices. [CUNY Prof. Peter GUTMAN - speaks of loss of respect for law.] Govt. action re: Subterranean Econ. to be viewed tomorrow.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Reasoner, Harry
Duration:
00:02:20

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