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The Water Cooler
General Discussion
If you're out looting, make sure you claim it to the IRS...
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<blockquote data-quote="HFS" data-source="post: 3699690" data-attributes="member: 8862"><p>It used to be, the IRS would say with a straight face that if you made your money doing something illegal (like growing and selling cannabis for example), they [the IRS] just wanted to collect the taxes and were prohibited from turning you in for the illegal activity.</p><p>Therefore, according to the IRS, being forced to pay the income tax was not a violation of the taxpayer's 5th amendment right against self-incrimination in a criminal case. </p><p>Was the IRS telling the truth or blowing smoke (from a big old fattie)? </p><p>I dunno.</p></blockquote><p></p>
[QUOTE="HFS, post: 3699690, member: 8862"] It used to be, the IRS would say with a straight face that if you made your money doing something illegal (like growing and selling cannabis for example), they [the IRS] just wanted to collect the taxes and were prohibited from turning you in for the illegal activity. Therefore, according to the IRS, being forced to pay the income tax was not a violation of the taxpayer's 5th amendment right against self-incrimination in a criminal case. Was the IRS telling the truth or blowing smoke (from a big old fattie)? I dunno. [/QUOTE]
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If you're out looting, make sure you claim it to the IRS...
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