posted on Dec, 23 2010 @ 12:17 PM
do you have the fly bys and frequent flyer and other rewards type things you belong to when you spend money on your card?
guess what - the tax department looks at those to see how much income in under reported so they can pass laws to catch more of the unreported income
to tax it or choose to keep interest rates higher and for longer so more people lose their houses
also if you are audited - guess what - your frequent flyer account is going to tell the tax department a good story wont it?
guess what? I dont belong to any of those things lol and prefer to pay cash instead