Do you know any “dirty little secrets” related to your work or hobbies or anything else? These are things that are not necessarily always true, but true in many cases.
Small businesses, especially sole proprietorships, sometimes make much more in profits than they report fot tax purposes. This is because they have the ability to throw in many of the owner’s personal expenses as business expnses, and the IRS has no way of catching them. This is basically like a 35% discount on most of your personal spending. Wouldn’t we all like to have that luxury?
Corporate layoffs, AKA “restructuring”, or “buyouts” or “cost reduction programs”. I sometimes help make decisions on these for my company. The dirty little secret is that we primarily layoff middle-aged experienced employees with big salaries while business is slow. We know full well that when business picks up, we’d have to replace them. But we obviously replace them with entry-level low-salaried employees thereby saving the company substantial salary/wage expenses. And to prevent age discrimination suits, we also layoff a bunch of known slackers of all ages.