“Dealt some drugs? Stole some cash? There’s a line on your income tax form to declare it.  As ridiculous as it sounds, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. It’s right there on the official IRS tax instructions: ‘Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.’  If you tell the IRS you made $1 million from stealing money or dealing drugs, does the agency tip off the cops?”

http://money.cnn.com/2013/02/28/news/economy/illegal-income-tax/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy