“The IRS accepts this tainted money in the payment of taxes, turning it into ‘clean’ money; and it is not an unwitting accomplice to the crime. Estimates are that marijuana business owners across the U.S. will owe $2.8 billion in taxes to the federal government in 2018. The government makes a massive profit off the deal, snatching up to 70 percent of the proceeds of the reporting businesses, as opposed to the more typical rate of 30 percent. It does this by branding marijuana businesses criminal enterprises, which are not entitled to deduct their costs when reporting their income.”
Read more: https://www.truthdig.com/articles/biggest-launderer-marijuana-money-u-s-government/
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