Posted on 12/31/2021 4:29:10 PM PST by Mr. Mojo
LOL.
What about the 10% for the big guy?
“… Income from illegal activities, such as money from dealing illegal drugs, must be included in your income…”
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Hmmm… time to get started on our family’s taxes. I’ll be sure to include everything… or maybe not.
*grimaces* Does anybody actually make money dealing drugs or receiving stolen property? At this stage of the game, I’m doubtful.
“ I think they’re referring mainly to the Smash and Grab income.”
And not the Bidens?
Heidi Fleiss and Al Capone both were charged and put in Federal prison not for the actual crimes they committed not enough evidence for either they got pinched for tax evasion. The Gmen are serious report all gains even illicit ones.
Keep in mind that Al Capone was not imprisoned for the murder of many people.
Al Capone was sent to prison for tax evasion.
Just maybe, the greedy IRS will go after the scumbags who have been looting stores.
Yes, they did some serious time.
Thanks for the reminder.
If even 10 percent of the economy is untaxed bc it is unreported, that’s upward 1/2 to 3/4 trillion in unrealized tax revenue. I’d say its far more than that.
Either way, you, dear tax payer, are subsidizing criminals.
How much do I have to pay for all those stoled memes I post on Facebook?
“Isekai” income from other worlds is also reportable, and intangible items like magical items, cursed swords, potions, etc., may require a separate appraisal from the Mage bureau of the Department of the Treasury. There are sometimes criminal penalties for concealing or altering your Status Screen prior to such audits.
Prostitutes can now blackmail their clients legally by citing IRS rules.
Does fair market value change if it is stolen property?
Only if you rat on the fence you sell them too.
America needs the FAIRtax!
Help us replace the Marxist inspired “progressive” income tax with the FAIRtax!
AND,
ABOLISH the IRS!
We will NEVER be a FRee country so long as we have a Marxist inspired “progressive” income tax and the IRS!
Go to https://www.bigsolution.org and find out how you can help us!
“Prostitutes can now blackmail their clients legally by citing IRS rules.”
Prostitution is an expense, and should be deductible.
It has to be a joke. Who is going to report income from a crime?
Probably not. That big screen that used to belong to Best Buy, if it’s worth $700, I think there’s a line for “other income” so there isn’t enough information to amount to a confession of a crime.
This really takes the fun out of my new bank robbing career.
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